Fiscal Policy: Spending

Question 1

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

Question 2

Which statements describe a free enterprise system? Check all that apply.Citizens can own property.The government employs all workers.Supply and demand drives production.Consumers and producers make their own decisions.Citizens can accumulate wealth.The government sets prices and wages.

Revolt · Accepted Answer

Citizens can own property.; Supply and demand drives production.; Consumers and producers make their own decisions.; Citizens can accumulate wealth.

Question 3

Country Q has experienced a rapid increase in its unemployment rate and a sharp decline in its GDP.What might policymakers do in the face of these economic indicators?

Revolt · Accepted Answer

try to trade with other nations to increase production and create new jobs

Question 4

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

Revolt · Accepted Answer

decrease taxes to increase consumers' money supply

Question 5

The diagram shows the three-step process by which economic policy is created.

Fiscal Policy: Spending Answers

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