Exam 16: Making Economic Policy

Most construction projects using federal funds are required to prepare __________.

Who is included in the unemployment rate?

Which of the following is true regarding mandatory spending policies?

Which of the following constitutes the largest portion of the federal budget?

The total market value of all goods and services produced in an area during a year is termed which of the following?

Supporters of progressive taxation argue that __________.

Federal regulations protect workers through labor injunctions and collective bargaining.

Monetary economic policy uses the money supply to affect growth in the U.S.economy.

The money supply __________ when the Federal Reserve Board increases interest rates.

In the early 1970s,the federal government took on a larger role in environmental policy,starting with passage of __________.

__________ is/are among the most important tools that monetary policy uses to affect the overall economy.

Which of the following is a consequence of government subsidies to the farming industry?

Certain tariffs,limits on imported goods,and import regulations limit U.S.consumption of foreign products,which has contributed to the __________.

Which of the following contributes to the growing income inequality in the United States?

What is the Federal Reserve System,and what is its role in managing the U.S.economy? Why might the chairman of the Federal Reserve feel political pressure even though he or she is independent?

Which of the following is an example of monetary policy?

What was the main purpose of the Clayton Act?

Which of the following is an example of corporate social responsibility?

Upon taking office in 2009,which of the following did President Obama advocate to deal with the economic crisis?

Economists measure inflation with the __________,which shows how much more or how much less consumers are paying for the same "basket of goods" over time.