Unit VIII Macroeconomics

Front

If the intent of the Federal Reserve is to raise GDP, they will most likely

Back

purchase government securities in the open market

Front

What is the main purpose of a quota?

Back

to limit the amount of foreign goods imported

Front

Which consumer protection law was designed to ensure competition in business, eliminated illegal mergers?

Back

Clayton-Anti Trust Act

Front

What action could the US government reasonably take in order to protect domestic competition from foreign producers in other countries?

Back

impose a tariff on produces produced outside the US

Front

If the Federal reserve works to decrease the money supply, what would you expect to happen to prices?

Back

prices will decrease

Front

Who is in charge of Monetary Policy?

Back

The Federal Reserve

Front

The excerpt above is illustrating ________ policy

Back

Fiscal

Front

Which of the following is a characteristic of economic expansion? Decreased stock market averages, Decrease in building permits, Increased unemployment, increased employment

Back

increased employment

Front

Suppose the Federal Government needs to impose an “Expansionary Fiscal Policy.” What will most likely happen? A) spending will decrease and taxes will go up, B) Spending will go up and taxes will go down

Back

Spending will go up and taxes will go down

Front

How often is GDP Measured?

Back

4 times a year