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True or False.  The U.S. bills used today are fiat money.

True or False.  Economists support the proposal for a balance budget.

Banks create money when

Refer to the table below.  Since 1950, in what year was the biggest GDP decline?  Enter your answer as an numeric date e.g. 1929. Dates Duration (Months) Percentage Decline in Output 1929 43 -26.70% 1937 13 -18.2 1945 8 -12.7 1948 11 -1.7 1953 10 -2.6 1957 8 -3.7 1960 10 -1.6 1969 11 -0.6 1973 16 -3.2 1980 6 -2.2 1981 16 -2.7 1990 8 -1.4 2001 8 -0.3 2007 18 -5.1  

Mark all that apply.  If the fed raises the discount rate

Match the word to the correct meaning:

True or False. Monetary policy is inevitably imprecise as if banks decide to hold excess reserves, monetary policy cannot force them to lend.

Physical fitness rises in popularity, increases or decreases the demand for jogging shoes and bicycles?

Mark all that apply in terms of the limitations of GDP

True or False.  Unemployment benefits in the United states are only federally controlled.