Marketplaces - The Economy Exam Questions and Answers Fully Solved
What is expansionary policy used for? - Answers -to stimulate growth in the economy
Which of the these situations are more likely to happen in a GOOD economy? - Answers -alex just
graduated from technical school and took a new job that pays her a high salary
Which of the following behaviors are more likely to happen in a BAD economy? - Answers -fresh mart, a
local grocery store, had to lay off employees to keep costs down
The ____ phase in the business cycle is a period when the level of business activity rises and GDP grows.
- Answers -expansion
Even if the economy is declining, the financial market can still do well. - Answers -true
An increasing unemployment rate is associated with a growing economy. - Answers -false
Which of the following statements about monetary policy is FALSE? - Answers -monetary policy adjusts
the amount of money and credit available in the economy(wrong)
-
Which of the following statements about economic policy are FALSE? - Answers -economic policy helps
manage the level of unemployment(wrong)
-
Which of the following statements about GDP (gross domestic product) is TRUE? - Answers -gdp
measures the increase in prices and services across many markets in the economy(wrong)
-gdp measures the total value of all finished goods and services produced in a country over a certain
period of time
-
In order to implement contractionary policy, the government and Central Bank must ______
government spending, _____ taxes, and ______ interest rates. - Answers -
increase,decrease,decrease(wrong)
-decrease, increase,increase
What is monetary policy? - Answers -monetary policy is policy set by the government to influence the
amount of money and credit available in the economy(wrong)
Which of the following behaviors are more likely to happen in a GOOD economy? - Answers -david
invests his money in a new tech startup company(wrong)
The state of the economy alone can predict how the financial market will perform. - Answers -false
What is expansionary policy used for? - Answers -to stimulate growth in the economy
Which of the these situations are more likely to happen in a GOOD economy? - Answers -alex just
graduated from technical school and took a new job that pays her a high salary
Which of the following behaviors are more likely to happen in a BAD economy? - Answers -fresh mart, a
local grocery store, had to lay off employees to keep costs down
The ____ phase in the business cycle is a period when the level of business activity rises and GDP grows.
- Answers -expansion
Even if the economy is declining, the financial market can still do well. - Answers -true
An increasing unemployment rate is associated with a growing economy. - Answers -false
Which of the following statements about monetary policy is FALSE? - Answers -monetary policy adjusts
the amount of money and credit available in the economy(wrong)
-
Which of the following statements about economic policy are FALSE? - Answers -economic policy helps
manage the level of unemployment(wrong)
-
Which of the following statements about GDP (gross domestic product) is TRUE? - Answers -gdp
measures the increase in prices and services across many markets in the economy(wrong)
-gdp measures the total value of all finished goods and services produced in a country over a certain
period of time
-
In order to implement contractionary policy, the government and Central Bank must ______
government spending, _____ taxes, and ______ interest rates. - Answers -
increase,decrease,decrease(wrong)
-decrease, increase,increase
What is monetary policy? - Answers -monetary policy is policy set by the government to influence the
amount of money and credit available in the economy(wrong)
Which of the following behaviors are more likely to happen in a GOOD economy? - Answers -david
invests his money in a new tech startup company(wrong)
The state of the economy alone can predict how the financial market will perform. - Answers -false
