A) increase farm production in order to meet the nation's food needs.
B) stabilize farm income,which would otherwise fluctuate greatly due to market and weather conditions.
C) promote farm conservation so as to preserve the productive capacity of U.S.agriculture.
D) encourage rural development.
E) encourage urban development.
G) A) and E)
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A) an electricity industry owned by the United States.
B) a private industry regulated by the United States.
C) a private electricity industry exempt from government regulation.
D) a private environmental organization that receives federal funding.
E) a private environmental organization with power to regulate industry.
G) A) and E)
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A) It established the national minimum wage.
B) It broke up business monopolies in order to give workers more choice in employer.
C) Workers were given the right to bargain collectively.
D) It eliminated the ability of companies to bargain directly with unions.
E) It reduced the ability of workers to go on strike indefinitely.
G) All of the above
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C
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A) it has to be exercised by the legislature.
B) the policy goals are very different.
C) it is a slower process than fiscal policy.
D) it can be implemented more quickly than fiscal policy.
E) None of these answers is correct.
G) D) and E)
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A) a dramatic increase in farm prices.
B) surplus production of certain crops.
C) a rise in crop subsidies.
D) a dramatic shortage in almost every major crop.
E) a brief inability of the United States to provide enough food for its domestic market.
G) B) and D)
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A) It cut funding for regulatory agencies like the EPA and Securities and Exchange Commission.
B) It passed the Airlines Deregulation Act,which eliminated government-set airfares and the requirement that airlines provide service to smaller-sized cities.
C) It restricted the president's ability to directly request administrative regulations from agency heads.
D) It cut the budget of the Food and Drug Administration.
E) It enacted legislation that prohibits administrators in some instances from issuing a regulation unless they can show that its benefits outweigh its costs.
G) A) and B)
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E
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A) The national debt was eliminated in 1998.
B) The chair of the Fed creates the president's budget on an annual basis.
C) Keynes advocated government spending to counteract an economic downturn.
D) The highest budget deficit in U.S.history was $59 billion.
E) The Congressional Budget Office creates the president's budget on an annual basis.
G) C) and D)
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A) the Fed's political accountability.
B) whether the president should be able to veto the Fed's decisions.
C) the issue of competence.
D) whether Congress should be able to reject the Fed's decisions.
E) None of these answers is correct.
G) C) and D)
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An economy is a system of production and...View Answer
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A) increase government spending.
B) lower tariffs and other barriers to trade.
C) increase the tax rate.
D) raise the discount rate.
E) decrease the tax rate.
G) None of the above
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A) 1955
B) 1963
C) 1979
D) 1991
E) 2002
G) A) and B)
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The government's efforts to maintain a s...View Answer
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A) Federal Trade Commission
B) Interstate Commerce Commission
C) Antitrust Division of the Justice Department
D) all of these: the Federal Trade Commission; the Interstate Commerce Commission; and the Antitrust Division of the Justice Department
E) None of these answers is correct.
G) D) and E)
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A) is no better than it was during the 1960s.
B) is actually worse than it was during the 1960s.
C) is vastly more clean than it was during the 1960s.
D) is so free from pollution that further regulatory activity in the future seems pointless.
E) None of these answers is correct.
G) All of the above
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A) reducing regulation on businesses to allow more private-sector solutions to develop creatively
B) raising interest rates to slow down the economy
C) business-tradable carbon tax credits
D) reduction of carbon emissions
E) alternative energy sources and energy conservation
G) B) and C)
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A) strengthening consumer protection by preventing credit agencies from gouging individuals with high levels of debt.
B) bolstering worker safety by increasing the power of unions and forcing better safety practices on businesses.
C) increasing environmental protection and strengthening the EPA.
D) regulating troubled economic sectors,such as banking.
E) stopping the unfair business practices of the new monopolies,such as the railroads.
G) B) and E)
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E
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A) serve for variable terms and are exposed to high levels of political pressure.
B) have no power to refuse congressional requests for information.
C) are appointed by the president and can be removed by the Senate.
D) are appointed by Congress and can be removed by Congress.
E) are appointed by the president and are not subject to removal.
G) C) and D)
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A) stimulation of the business (supply) component.
B) government stimulation of consumer demands.
C) a repudiation of trickle-down theory.
D) increases in taxation.
E) increases in government regulation.
G) All of the above
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A) increase taxes.
B) cut business taxes.
C) increase spending.
D) decrease spending.
E) None of these answers is correct.
G) B) and C)
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A) government spending programs.
B) the natural workings of the free-market system.
C) a lowering of tariffs in the global economy.
D) a determination on the part of government not to spend any more than it receives in taxes.
E) tax cuts for the wealthy.
G) A) and D)
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