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- Multiple ChoicePlease save your changes before editing any questions.
Which of the following is not one of the economic functions of governments?
Maintaining competition
Providing public goods and services
Managing imports and exports
Stabilizing the economy
- Fill in the BlankPlease save your changes before editing any questions.
___________ occurs when anyone who is able and willing to work has a job. (HINT: two words)
- Multiple ChoicePlease save your changes before editing any questions.
True or False: Full employment means that everyone in a society is employed
True
False
- Multiple ChoicePlease save your changes before editing any questions.
Which type of unemployment is caused by changes in the economy? Example: a prolonged drop in GDP
structural unemployment
cyclical unemployment
frictional unemployment
GDP-based unemployment
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_______ policy refers to actions taken by the central bank to influence the economy
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_______ policy refers to actions taken by the federal government to influence the economy
- Multiple ChoicePlease save your changes before editing any questions.
The government increases spending in order to stimulate the economy during a recession. This is an example of...
contractionary monetary policy
expansionary monetary policy
contractionary fiscal policy
expansionary fiscal policy
- Multiple ChoicePlease save your changes before editing any questions.
The central bank increases interest rates in order slow the growth of the economy and reduce inflation. This is an example of...
contractionary monetary policy
expansionary monetary policy
contractionary fiscal policy
expansionary fiscal policy
- Multiple ChoicePlease save your changes before editing any questions.
The federal government increases taxes in reduce consumer spending and tame inflation. This is an example of...
contractionary monetary policy
expansionary monetary policy
contractionary fiscal policy
expansionary fiscal policy
- Multiple ChoicePlease save your changes before editing any questions.
The central bank lowers the cash reserve ration, meaning that banks can invest a greater portion of their customers' deposits. This is an example of...
contractionary monetary policy
expansionary monetary policy
contractionary fiscal policy
expansionary fiscal policy