Macroeconomics: Policy and its Effects Quiz_2023.
Macroeconomics: Policy and its Effects Quiz_2023. Which statement best describes the idea of monetarism? What are the main purposes of regulatory policies? Check all that apply. Which of these outcomes are possible negative externalities? Check all that apply. - - Read this sample food label. Which regulatory goals are met by the label? Check all that apply. According to the chart, which regulatory agency provides the greatest monetary benefit to the public? According to the chart, which regulatory agency had the fewest regulations studied? - Which of these are duties of the SEC? Check all that apply. Which of these are goals of financial regulation? Check all that apply. According to President Obama, what are the reasons for the financial crisis? According to the president's speech, what were some effects of the financial crisis? Check all that apply. According to the video, how was the Banking Act of 1933 a reaction to the Great Depression? According to the video, what are the purposes of the Dodd-Frank Act? Check all that apply. Why was the Food Safety Modernization Act passed? Check all that apply. According to the video, which food safety regulations have been created by the passage of the Food Safety Modernization Act? Check all that apply. Why is there a need for government regulation, and what limits need to be placed on these regulations? Give your answer in the form of a short paragraph. According to the information presented about Country Y, the classical economic concept of _________ can be seen. The economic events of Country Y demonstrate the idea of laissez faire because the government _________ intervene in economic events. - Keynes was an avid believer in _________ intervention to help solve economic issues. Keynes believed that _________ aggregate demand could help solve economic problems during a recession. Keynes recommended that the government _________ taxes during economic contraction. During the Great Depression, Keynes promoted _________ actions to encourage economic recovery. - - Hayek is best known for his contribution to the understanding of _________. Hayek disagreed with Keynes about expansionary policy because it could cause _________ and _________ influence consumer decisions. Unlike Keynes, Hayek believed that consumer actions _________ be accurately displayed on a supply and demand curve. - A mixed-market economy is best defined as an economy In which situation would government regulation most likely be necessary? The Food and Drug Administration sets standards for Which regulatory agencies provide general oversight for the banking industry? - The most efficient way to ensure that producers are responsible for products is through Which are results of regulation in a mixed-market economy? Check all that apply. - - A regulatory agency that makes sure banks follow federal laws is - A purpose of government regulation in a mixed-market economy is to protect - A regulatory agency that protects workers is - Regulatory agencies such as the OCC and the FDIC add _______ to the banking system. _________ was an economist who led a new school of classical economics. The concept of laissez faire refers to _______ government intervention in the economy. The theory that governments should assist in economic crises through fiscal and monetary policy can be credited to ________ - According to the theories of Friedrich August von Hayek, the economy may be too complicated to think in terms of ______. Hayek believed that ______ was dangerous and could lead to severe inflation. Milton Friedman supported changes to ______ policy to influence economic growth. According to the Fed, what were the major problems during the financial crisis of 2008? Check all that apply. - Identify the actions taken by the Fed to assist banks during the financial crisis of 2008. Check all that apply. - A notable action taken by the Fed during the financial crisis of 2008 was carrying out open market operations, which was intended to lower the ______. The actions taken by the Fed ______ have immediate positive results, despite the fact that the Federal Funds Rate reached nearly ______. - According to the video, did the Federal Reserve pursue an expansionary or a contractionary monetary policy? Give at least two examples of actions that support your answer. Based on the video, which economic theories were most clearly applied by the Federal Reserve in response to the economic crisis? Describe the connections between the Fed's actions and the theories of Smith, Keynes, Hayek, or Friedman. - Classical economics played an important role in helping the United States establish - Why did Friedrich Hayek call expansionary spending dangerous? - How did Adam Smith's economic ideas help the United States establish a free enterprise system? Check all that apply. - Milton Friedman led a new economic school of thought called - A government might enact expansionary spending when it is trying to Which economist most likely would have agreed with the US government's intervention during an economic crisis in 2008? - Friedrich Hayek believed that - The graph shows how individuals affect economic growth. Which best describes how individuals help the economy grow? Which occurred during the Great Depression? Check all that apply. Which best summarizes the philosophical difference between economists John Maynard Keynes and Adam Smith?
Connected book
- 2015
- 9781317379430
- Unknown
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- Macroeconomics: Policy and its Effects
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- Macroeconomics: Policy and its Effects
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- March 8, 2023
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- 2022/2023
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- Exam (elaborations)
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macroeconomics policy and its effects
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which statement best describes the idea of monetarism
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what are the main purposes of regulatory policies check all that apply
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which of these outcomes are possi
