If Barack Obama Is Like Most Politicians, Then He Probably

question 118

Multiple Choice

If Barack Obama is like most politicians, then he probably ____.

• A) overemphasized political trade-offs the first time he ran for office, but disregarded them when he was running for reelection
• B) overemphasized political trade-offs when he was running for reelection, but disregarded them the first time he ran for office
• C) disregarded political trade-offs the first time he ran for office as well as when he was running for reelection
• D) disregarded political trade-offs when in office as well as when running for reelection

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Definitions:

Treasury Bonds

Long-term government securities issued by the U.S. Department of the Treasury with the purpose of financing federal debt.

Money Supply

The total amount of monetary assets available in an economy at any specific time, including cash, coins, and balances held in checking and savings accounts.

Open-Market Purchases

Actions by a central bank to buy securities in the open market to increase the money supply.

Bank Deposits

Money placed into banking institutions for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.