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6. To boost economic growth the government is most likely to: a. increase interest rates b. increase taxation rates c. provide incentives to inve st d. provide incentives to save

6. To boost economic growth the government is most likely to: a. increase interest rates b. increase taxation rates c. provide incentives to inve st d. provide incentives to save

Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
Problem 8QP
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1. F there is cyclical unemployment in the economy the government might: c. cut income tax d. reduce government spending a. increase interest rates b. encourage savings 2. To reduce cyclical unemployment the government might: a. increase the budget surplus b. increase balance of payment 3. The natural rate of unemployment is likely to fall if: a. unemployment benefits increase c. impose low interest rates d. encourage savings b. income tax increases more training for the unemployed d. geographical immobility increases 4. What is the 'nature-focused' account of hunger? a. no enough food to go around b. hunger is a distribution problem c. hunger is a part of human nature C. d. none from ABC 5. According to critical alternative views, poverty is a a. monetary condition brought about by people's own laziness. b. monetary condition where people do not have enough to satisfy needs. c. monetary and non-monetary condition and people lack access to regulated resources, opportunities and income. d. all of the options given are correct. 6. To boost economic growth the government is most likely to: c. provide incentives to invest d. provide incentives to save a. increase interest rates b. increase taxation rates 7. Potential growth measures the: a. growth of the fastest economy in the world b. fastest growth an economy has ever achieved c. present rate of growth of an economy d. growth rate that could be achieved if resources were fully employed 8. In a potential economic growth rate: c. demand is likely to fall d. imports are likely to fall 9. In consumer behavior the culture, social class, and reference group influences a. unemployment is likely to fall b. prices are likely to fall have been related to purchase and c. consumption decisions d. physiological influences a. economic situations b. situational influences 10. Changes in consumer values have been recognized by entrepreneurs expanding a. latest technology b. timesaving and convenience- a. health related b. communication öriented II
Transcribed Image Text:1. F there is cyclical unemployment in the economy the government might: c. cut income tax d. reduce government spending a. increase interest rates b. encourage savings 2. To reduce cyclical unemployment the government might: a. increase the budget surplus b. increase balance of payment 3. The natural rate of unemployment is likely to fall if: a. unemployment benefits increase c. impose low interest rates d. encourage savings b. income tax increases more training for the unemployed d. geographical immobility increases 4. What is the 'nature-focused' account of hunger? a. no enough food to go around b. hunger is a distribution problem c. hunger is a part of human nature C. d. none from ABC 5. According to critical alternative views, poverty is a a. monetary condition brought about by people's own laziness. b. monetary condition where people do not have enough to satisfy needs. c. monetary and non-monetary condition and people lack access to regulated resources, opportunities and income. d. all of the options given are correct. 6. To boost economic growth the government is most likely to: c. provide incentives to invest d. provide incentives to save a. increase interest rates b. increase taxation rates 7. Potential growth measures the: a. growth of the fastest economy in the world b. fastest growth an economy has ever achieved c. present rate of growth of an economy d. growth rate that could be achieved if resources were fully employed 8. In a potential economic growth rate: c. demand is likely to fall d. imports are likely to fall 9. In consumer behavior the culture, social class, and reference group influences a. unemployment is likely to fall b. prices are likely to fall have been related to purchase and c. consumption decisions d. physiological influences a. economic situations b. situational influences 10. Changes in consumer values have been recognized by entrepreneurs expanding a. latest technology b. timesaving and convenience- a. health related b. communication öriented II
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