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True/False Quiz
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Economic Policymaking
True/False Quiz
1 .
The Bureau of Labor Statistics measures the unemployment rate as the total number of adults without jobs.
[
Hint
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True
False
2 .
Recent rises in inflation can be tied to soaring prices for energy.
[
Hint
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True
False
3 .
The president has the ultimate influence over the policies of the Federal Reserve System.
[
Hint
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True
False
4 .
Fiscal policy is shaped mostly by the Congress and the president.
[
Hint
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True
False
5 .
The instruments for controlling the economy are relatively easy to use.
[
Hint
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True
False
6 .
Unlike most policy-making in the United States, the power to make economic policy is highly centralized.
[
Hint
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True
False
7 .
Some American corporations control assets larger than the governmental budgets of most of the world's nations.
[
Hint
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True
False
8 .
Americans tend to favor the concentration of economic power in the hands of bigger more efficient corporations.
[
Hint
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True
False
9 .
Antitrust policy is the only way in which the government is able to regulate business.
[
Hint
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True
False
10 .
The federal government has always been just a silent partner in American business.
[
Hint
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True
False
11 .
The federal government has largely ignored the plight of consumers.
[
Hint
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True
False
12 .
Right-to-work laws allow workers to enjoy the benefits of union negotiations without contributing dues to support the union.
[
Hint
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True
False
13 .
Access to information in the new economy tends to be evenly distributed among social groups in America.
[
Hint
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True
False
14 .
Democracy regularly facilitates an economic policy that looks after general rather than specific interests.
[
Hint
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True
False
15 .
In general, liberals would favor letting business and the free market create new jobs and prepare people for them.
[
Hint
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True
False
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