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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]

 
 


2 .       Recent rises in inflation can be tied to soaring prices for energy. [Hint]

 
 


3 .       The president has the ultimate influence over the policies of the Federal Reserve System. [Hint]

 
 


4 .       Fiscal policy is shaped mostly by the Congress and the president. [Hint]

 
 


5 .       The instruments for controlling the economy are relatively easy to use. [Hint]

 
 


6 .       Unlike most policy-making in the United States, the power to make economic policy is highly centralized. [Hint]

 
 


7 .       Some American corporations control assets larger than the governmental budgets of most of the world's nations. [Hint]

 
 


8 .       Americans tend to favor the concentration of economic power in the hands of bigger more efficient corporations. [Hint]

 
 


9 .       Antitrust policy is the only way in which the government is able to regulate business. [Hint]

 
 


10 .       The federal government has always been just a silent partner in American business. [Hint]

 
 


11 .       The federal government has largely ignored the plight of consumers. [Hint]

 
 


12 .       Right-to-work laws allow workers to enjoy the benefits of union negotiations without contributing dues to support the union. [Hint]

 
 


13 .       Access to information in the new economy tends to be evenly distributed among social groups in America. [Hint]

 
 


14 .       Democracy regularly facilitates an economic policy that looks after general rather than specific interests. [Hint]

 
 


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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