Economic Policy

Question 1

Rules ensuring that businesses offer safe products to consumers are part of a nation's

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regulatory policy.

Question 2

Which of these policies would a government take when it comes to employment?

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working toward making unemployment is as low as possible

Question 3

Read the scenario.The citizens of Country D have noticed that the average prices of most goods within their nation have begun to rise. At the same time, employers are not raising wages at the same rate. The combination of these challenges has resulted in a decrease in overall demand, causing a decline in GDP.

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the workers of Country D

Question 4

A government's monetary policy is its plan to control

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the money supply.

Question 5

The graph shows the number of employed workers in the United States in nonfarm jobs from 2008 to 2013.

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The United States faced an economic crisis that started in 2008.

Question 6

The diagram shows a challenge for government policy-makers.

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Economic policy must reach a balance between needs and ideals.

Question 7

What is a primary economic goal of governments?

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reducing income inequality

Question 8

When an economy suffers from low production, a country cannot

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enjoy a steady rate of economic growth.

Question 9

Economic interdependence means that economic policies must balance the needs of

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governments, individuals, and businesses.

Economic Policy Answers

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