Answers26-27 Ignite Economics-KY-EconomicsInflation and Stagflation (continued)

Inflation and Stagflation (continued) Answers

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1
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How does this graph show the importance of government spending to millions of Americans?

A
State and local governments get the most money.
B
The largest portion is spent on national defense.
C
The largest portion is in the form of direct payments to workers and citizens.
D
The government’s payments all take the form of grants.
2
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A contractionary fiscal policy can inflation and unemployment and interest rates.

A
increase
B
reduce
3

An expansionary fiscal policy can the number of jobs and can inflation and reduce interest rates.

A
increase
B
reduce
4

An expansionary fiscal policy can the number of jobs and can inflation and reduce interest rates.

A
increase
B
reduce

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Inflation and Stagflation (continued) Answers —…