Debt Reduction- Advice On Credit Card Debt Reduction, Debt Reduction Services, And Debt Reduction Plans

Ashely B asked:


1) the difference between real and nominal income or GDP arises beacuse of the existance of_________
a)the difference between report and actual corporate profits
b)differnce in values od currencies
c)people thar dont report all their earnings
d)price changes
2)Increase in the rate of growth in the money supply have been shown to most likley result in:
a)higher unemployment
b)higher rates of inflation
c)higher rates of economic growth
d)smaller governmnet budget deficits

3)The US federal debt has grown whenever
a)the federal budget shows a deficit
b)the federal government borrows
c)the federal gov. issues Treasury secuirities
d)allof the above

4)Which best defines recession?
a)rising unemployment
b)rising prices
c)falling output
d)falling stock prices

5)The money supply is controlled by:
a)the president
b)congress
c)the federal reservs
d) all of the above

6) a decrease in the value of the dollar will caise all of the following except:
a)rise in imports
b)rise in exports
c)an increase in inflation rate
d)a reduction in the trade deficit

7)Fiscal policy has been most sucessful when
a)taces were raised during recession
b)government spending was increased with the economy at full employment
c)the government purposely increased the size of the deficit during a recession
d)when efforts were made to eliminate a budget deficit during a recession

8)The high rates of inflation in the 1070s and early 1980s have been shown to be primarly due to_______
a)rapid money supple growth
b)high oil prices
c)the veitnam war
d)unions and big business

9)If the federal reserves increase the money supply at approximatly the growth rate of output then,____
a)it has over-stimulated the economy
b)the unemployment rate should rise
c)the inflation rate should be near zero
d)the unemployment rate should approach zero

10)Which of the following deos not increase aggregate demand?
a)rising unemployment
b)rising prices
c)falling output
d)falling stock prices

Violet Casteneda

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