Macroeconomics — Test Answers

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Which best describes a central bank's primary role?

controlling inflation

increasing credit

creating monetary policy

printing money

The most common business organizations in the United States are

sole proprietorships.

franchises.

partnerships.

corporations.

How are progressive taxes and regressive taxes similar?

Both are determined based on income.

Both are considered flat taxes.

Both charge high-income individuals more.

Both are types of indirect taxes.

What course of action might a government take to respond to the downturn revealed in this graph?

laying off unnecessary workers

reducing the size of its armed forces

decrease taxes to increase consumers' money supply

encouraging people to travel overseas

The best conclusion that can be drawn from the graph is that the number of nonfarm jobs

went up every year since 2008.

started going down in 2010.

remained consistent over time.

started going down in 2008.

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