31 May Question Part 1 of 1 – Question 1 of 20 5.0 Points The U.S. fiscal year runs from __________.
Question
Part 1 of 1 –
Question 1 of 20 5.0 Points
The U.S. fiscal year runs from __________.
A. July 1 to June 30
B. August 1 to July 31
C. September 1 to August 31
D. October 1 to September 30
Question 2 of 20 5.0 Points
Three components of aggregate expenditure that are affected by a change in the federal funds rate are consumption expenditure, investment, and __________.
A. net imports
B. net exports
C. total imports
D. total exports
Question 3 of 20 5.0 Points
The Fed pays close attention to the __________, which is the annual percentage change in the Personal Consumption Expenditure deflator (PCE deflator. excluding the prices of food and fuel.
A. input gap
B. output gap
C. core employment rate
D. core inflation rate
Question 4 of 20 5.0 Points
On the outlays side of the budget, how are Social Security benefits, Medicare and Medicaid benefits, unemployment benefits, and other cash benefits to individuals and businesses labeled?
A. expenditure on goods and services
B. transfer payments
C. debt interest
D. indirect taxes
Question 5 of 20 5.0 Points
Income taxes create a difference between the wage rate paid by companies and received by workers. These taxes __________ both employment and potential GDP.
A. do not affect
B. lower
C. encourage, but may not change
D. increase
Question 6 of 20 5.0 Points
If the Fed believes that real GDP is less than potential GDP, the Fed will undertake a(n. __________ monetary policy.
A. closed
B. open
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