Unit Test — Unit test Answers

Economic interdependence means that economic policies must balance the needs of

This graph shows changes in GDP and the unemployment rate in the United States in recent years.In what year would someone looking for work have had the hardest time finding a job?

Which scenario is an example of cost-push inflation?

Why does the Fed pay interest to banks?

The graph shows data for the years 2010 through 2012.Which might be a better title for this graph?

When economists determine that a nation’s GDP has declined, they can point to this as a sign of

Which best describes the purpose served by economic models within an economic system?

Which best describes why taxes and savings are considered leakage factors?

Which body or group is most able to use money to influence the economy?

Gino is writing a paper about the effects of fiscal policies on the economy. Gino is describing a fiscal policy that aims to improve inflation.How does the policy that Gino is describing most likely affect interest rates and unemployment?

Under a contractionary taxation policy, the government can reduce the deficit by

Which unemployment rate do most economists consider to be acceptable in the United States?

Which programs or projects are most likely funded by taxes paid by the citizens of the United States? Select three options.constructing a highwaypublic school fundingdeveloping a vacation resortbuilding of private homesmaintaining state parks

"Meeting the spending targets in this budget meant some very difficult choices."President Barack Obama,2012 Budget Message of the President

losegain

Typically, high inflation is a sign of

A disadvantage of forming a partnership is that owners

Governments collect taxes to ensure that

The map shows GDP per capita in the United States for a given year.What conclusion can someone draw from the map?

Which of the following is a characteristic of prosperity in the peak phase of the business cycle?