Assume the US economy enters a period of economic expansion. Which of these items in the Federal Government’s budget automatically increases in size?

According to the Expenditure Multiplier Principle:

Suppose America is currently experiencing an AD Excess of $900 billion. By how much should the federal government increase income taxes to return the economy to a long-run macro equilibrium? Assume the Marginal Propensity to Consume (MPC) is 0.75.

The Chairman of the Federal Reserve System is appointed to a ____ term of ____ years.

The Chairman of the Federal Reserve System is appointed to a ____ term of ____ years.

Which piece of legislation gives the US federal government the power to tax personal incomes?

The term Open-Market Operations refers to:

The requirement of a double coincidence of wants is the chief ___ of the ___ system.

A change in the value of the Required Reserve Ratio causes a change in:

A change in the value of the Required Reserve Ratio causes a change in: