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Which statement best reflects the government's involvement in the America economy?
natural tendency of consumers to go through periods of spending more and saving more
changing governemnt spending and taxes to increase economic activity or control inflation
the government routinely intervenes to "fine-tune" the economy
Real GDP is adjusted for inflation
consumers spend less and unemployment increases
increasing or decreasing the money supply to increase economic activity or control inflation
increase taxes
Real GDP has been slowly increasing for the last few years
What is an action the governement can take to fight a fast growing inflation rate?
natural tendency of consumers to go through periods of spending more and saving more
changing governemnt spending and taxes to increase economic activity or control inflation
the government routinely intervenes to "fine-tune" the economy
Real GDP is adjusted for inflation
consumers spend less and unemployment increases
increasing or decreasing the money supply to increase economic activity or control inflation
increase taxes
Real GDP has been slowly increasing for the last few years
During a contracting economy...
natural tendency of consumers to go through periods of spending more and saving more
changing governemnt spending and taxes to increase economic activity or control inflation
the government routinely intervenes to "fine-tune" the economy
Real GDP is adjusted for inflation
consumers spend less and unemployment increases
increasing or decreasing the money supply to increase economic activity or control inflation
increase taxes
Real GDP has been slowly increasing for the last few years
Whish statement best reflects the current Real GDP in America?
natural tendency of consumers to go through periods of spending more and saving more
changing governemnt spending and taxes to increase economic activity or control inflation
the government routinely intervenes to "fine-tune" the economy
Real GDP is adjusted for inflation
consumers spend less and unemployment increases
increasing or decreasing the money supply to increase economic activity or control inflation
increase taxes
Real GDP has been slowly increasing for the last few years
Which statement best describes the causes for periods of increased and decreased economic activity?
natural tendency of consumers to go through periods of spending more and saving more
changing governemnt spending and taxes to increase economic activity or control inflation
the government routinely intervenes to "fine-tune" the economy
Real GDP is adjusted for inflation
consumers spend less and unemployment increases
increasing or decreasing the money supply to increase economic activity or control inflation
increase taxes
Real GDP has been slowly increasing for the last few years
How is Real GDP different than GDP?
natural tendency of consumers to go through periods of spending more and saving more
changing governemnt spending and taxes to increase economic activity or control inflation
the government routinely intervenes to "fine-tune" the economy
Real GDP is adjusted for inflation
consumers spend less and unemployment increases
increasing or decreasing the money supply to increase economic activity or control inflation
increase taxes
Real GDP has been slowly increasing for the last few years
What is monetary policy?
natural tendency of consumers to go through periods of spending more and saving more
changing governemnt spending and taxes to increase economic activity or control inflation
the government routinely intervenes to "fine-tune" the economy
Real GDP is adjusted for inflation
consumers spend less and unemployment increases
increasing or decreasing the money supply to increase economic activity or control inflation
increase taxes
Real GDP has been slowly increasing for the last few years
What is fiscal policy?
natural tendency of consumers to go through periods of spending more and saving more
changing governemnt spending and taxes to increase economic activity or control inflation
the government routinely intervenes to "fine-tune" the economy
Real GDP is adjusted for inflation
consumers spend less and unemployment increases
increasing or decreasing the money supply to increase economic activity or control inflation
increase taxes
Real GDP has been slowly increasing for the last few years
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