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Question 11.Decreasing personal tax rates through fiscal policy will most likely result in:
Question 22.Economists recognize that the economy doesn't grow smoothly, but in regular patterns. Which of these terms best describes this?
Question 33.The rate banks pay to borrow money from the Fed is called the _____ rate.
Question 44.Which of the following is true about fiscal policy?
Question 55.Which of the following is the best explanation of deflation?
Question 66.What economic problem occurred in 2008 that led to the passage of the Dodd-Frank Act?
Question 77.Which of the following is the best explanation of the difference between a recession and depression in a business cycle?
Question 88.What's the name of the model economists use to explain economic fluctuations in a market economy?
Question 99.When demand exceeds supply, what type of inflation has occurred?
Question 1010.According to this chart, what was the unemployment rate during the peak of the business cycle?
Question 1111.What is inflation?
Question 1212.Which of the following is NOT a goal of the U.S. government that can be accomplished by fiscal policy?
Question 1313.If the government wants to pull the country out of a period of heavy recession they should do all of the following EXCEPT:
Question 1414.What do you call the period in the business cycle where the economy is bouncing off the trough?
Question 1515.Economic regulators are responsible for overseeing which of the following industries?
Question 1616.What happens to real GDP, prices and unemployment at the peak of a business cycle?
Question 1717.What are impacts of unemployment?
Question 1818.Which of the following is NOT true about how the government protects the U.S. economy?
Question 1919.For three quarters in a row, economic growth increased by 3%, 5% and 7%. As it was close to the election, the government did not try to stabilize the growth. In the last quarter of the year, the economy drastically fell by 5%. Which of the following best describes such an occurrence?
Question 2020.Why might a government decide to grant a monopoly in a heavily regulated industry?
Question 2121.Which one is a type of inflation?
Question 2222.The method of affecting the money supply that is used the least by the Fed is
Question 2323.The Federal Reserve controls the growth rate of the money supply through _____.
Question 2424.What happens with the supply of money during deflation?
Question 2525.What is one effect of inflation?
Question 2626.In which of the following scenarios would it be a good idea for the government to implement a deflationary fiscal policy?
Question 2727.What is the government definition of 'work force'?
Question 2828.What are the primary goals of fiscal and monetary policy?
Question 2929.Which of the following is the best explanation of a deflationary spiral?
Question 3030.Jane is a presidential adviser in the time of the 2008 Global Economic Crisis. The president is asking her if he should use fiscal policy in an attempt to combat the effects of the crisis. Why does she likely tell him yes?
MTLE Social Studies: Macroeconomics Chapter Exam Instructions
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