Question 1

The Federal Reserve has the power to change the interest rate at which banks lend money to each other through a process called:

Accepted Answer

A)  open-market operations. 
B)  adjustment of the discount rate. 
C)  adjustment of reserve requirements. 
D)  adjustment of the federal funds rate. 
A)  open-market operations. 
B)  adjustment of the discount rate. 
C)  adjustment of reserve requirements. 
D)  adjustment of the federal funds rate.

Question 2

Because a growing proportion of the annual federal budget is consumed by nondiscretionary spending, what specific recommendations would you make in terms of government priorities in an era of increasing national debt and continued risk of shocks to the national economy?

Accepted Answer

Answers will vary tremendously

Question 3

The federal government measures the performance of the American economy, excluding income from foreign investments, at any given time through its measure of:

Accepted Answer

A)  gross national product (GNP), which takes in the market value of all goods manufactured in the United States. 
B)  gross domestic product (GDP), which includes the market value of all goods and services produced in the United States. 
C)  per capita income, which is the average income for all Americans, with adjustments for inflation and taxation. 
D)  mean family income, which is the average income for all American households, with adjustments for inflation and taxation. 
A)  gross national product (GNP), which takes in the market value of all goods manufactured in the United States. 
B)  gross domestic product (GDP), which includes the market value of all goods and services produced in the United States. 
C)  per capita income, which is the average income for all Americans, with adjustments for inflation and taxation. 
D)  mean family income, which is the average income for all American households, with adjustments for inflation and taxation.

Question 4

Although sometimes a seeming adversary of business and industry when acting in a regulatory role, and often disliked by the private sector for its taxes and regulations, government is nonetheless essential to the functioning of a market economy because:

Accepted Answer

A)  when it works, government provides the law and order, predictability, and accountability that market economies need to survive and thrive. 
B)  only government can create a labor force. 
C)  governments are best able to give businesses access to capital that they need. 
D)  only the public sector can finance all the infrastructure and facilities that private sector organizations need. 
A)  when it works, government provides the law and order, predictability, and accountability that market economies need to survive and thrive. 
B)  only government can create a labor force. 
C)  governments are best able to give businesses access to capital that they need. 
D)  only the public sector can finance all the infrastructure and facilities that private sector organizations need.

The Federal Reserve has the power to change the interest rate at which banks lend money to each other through a process called:

Because a growing proportion of the annual federal budget is consumed by nondiscretionary spending, what specific recommendations would you make in terms of government priorities in an era of increasing national debt and continued risk of shocks to the national economy?

The federal government measures the performance of the American economy, excluding income from foreign investments, at any given time through its measure of:

Although sometimes a seeming adversary of business and industry when acting in a regulatory role, and often disliked by the private sector for its taxes and regulations, government is nonetheless essential to the functioning of a market economy because:

Five Principles of Politics

The Founding and the Constitution

Federalism and the Separation of Powers

Civil Liberties and Civil Rights

Congress: the First Branch

The Presidency

The Executive Branch

The Federal Courts

Public Opinion and the Media

Elections

Political Parties

Groups and Interests

Foreign Policy

Filters

Exam 13: Introduction to Public Policy

The Federal Reserve has the power to change the interest rate at which banks lend money to each other through a process called:

Because a growing proportion of the annual federal budget is consumed by nondiscretionary spending, what specific recommendations would you make in terms of government priorities in an era of increasing national debt and continued risk of shocks to the national economy?

The federal government measures the performance of the American economy, excluding income from foreign investments, at any given time through its measure of:

Although sometimes a seeming adversary of business and industry when acting in a regulatory role, and often disliked by the private sector for its taxes and regulations, government is nonetheless essential to the functioning of a market economy because:

Five Principles of Politics

The Founding and the Constitution

Federalism and the Separation of Powers

Civil Liberties and Civil Rights

Congress: the First Branch

The Presidency

The Executive Branch

The Federal Courts

Public Opinion and the Media

Elections

Political Parties

Groups and Interests

Foreign Policy

Filters