Unit Test Answers

What happens when a bank is required to hold more money in reserve?

Which best describes a regressive tax?

Expansionary spending takes place when a government makes the decision to

Read the paragraph.Government officials in Country M have determined that they need to take action to encourage the growth of their economy. To do this, they have introduced an incentive policy that offers citizens free education. This is extended to all individuals who sign a contract agreeing to work within their specific industry for the next ten years.Country M hopes to encourage economic growth by investing in

The government of Country C has passed a law protecting the physical safety of factory workers. This is an example of

In which of the following ways do governments spend money to meet public needs? Check all that apply.by protecting the publicby arming the publicby providing health careby supporting educationby building roads and bridges

Which of these are goals of an expansionary policy? Check all that apply.increased available creditdecreased available creditincreased money supplyincreased inflationincreased interest ratesdecreased interest rates

Spending that can change from year to year is known as

This graph shows changes in GDP and the unemployment rate in the United States in recent years.Which statement most accurately describes the trends shown on this graph?

The diagram shows different types of policies.

As a result of decreased production, David lost his job designing cars. Which terms can be used to describe David? Select two options.cyclically unemployeddomestically unemployedfrictionally unemployedstructurally unemployedstill employedunemployed

When a government decides to limit the number of goods that can be sold to another nation, that government is creating

Which group does the Fed serve?

Which body manages the Fed?

Which of the following are taxes on income or wealth that individuals pay in the United States? Select three options.property tax on a homeincome earned from wagessales tax on clothingexcise tax on gasolineprofits from investments