| ECONOMICS =( help?
1) the difference between real and nominal income or GDP arises beacuse of the existance of_________
a)the difference between report and actual corporate profits
b)differnce in values od currencies
c)people thar dont report all their earnings
d)price changes
2)Increase in the rate of growth in the money supply have been shown to most likley result in:
a)higher unemployment
b)higher rates of inflation
c)higher rates of economic growth
d)smaller governmnet budget deficits
3)The US federal debt has grown whenever
a)the federal budget shows a deficit
b)the federal government borrows
c)the federal gov. issues Treasury secuirities
d)allof the above
4)Which best defines recession?
a)rising unemployment
b)rising prices
c)falling output
d)falling stock prices
5)The money supply is controlled by:
a)the president
b)congress
c)the federal reservs
d) all of the above |