2s Acthons by the Federal govermment that decrease the progressivity ot the tas

Question

2s Acthons by the Federal govermment that decrease the progressivity ot the tas system A. Decrease the amount of governmeot spending B. Increase the effect of automatic stabilizens C. Decrease the effect of automatic stabilizers D. Increase the multiplier efflect 26, which or the following serves as an automatic stabilizer in the economy? A. Interest rates B. Exchange rates C. The inflation rate D. The progressive income tax 27 . Assume that the economy is in a recession and there is a budget deficit. A strict balanced budget amendment that would require the Federal govenment to balance its budget during a recession would be: A. Expansionary and worsen the effects of the recession B. Contractionary and worsen the effects of the recession C. Contractionary and counter the effects of the recession D. Expansionary and counter the effects of the recession 28. The functions of money are to serve as a: A. Resource allocator, method for accounting, and means of income distribution B. Unit of account, store of value, and medium of exchange C. Determinant of consumption, investment, and govemment spending D. Factor of production, exchange, and aggregate supply When a consumer wants to compare the price of one product with another, money is primarily functioning as a: A. Store of value B. Unit of account C. Checkable deposit D. Medium of exchange _-729, 30, when a banker records how many dollars each of his borrowers owes the bank, money is serving as a: A. Store of value B. Unit of account C. Medium of exchange D. Legal tender 31, what function is money serving when you deposit money in a savings account? A. A store of value B. A unit of account C. A checkable deposit D. A medium of exchange 32, what function is money serving when you use it when you go shopping? A. A store of value B. A unit of account C. A medium of deferred payment D. A medium of exchange 33. Which of the following functions of money enables society to gain the benefits of geographic and labor specialization? A. Unit of account B. Store of value C. Medium of exchange D. Medium of deferred payment

Explanation / Answer

25 Ans: C. decrease the effect of automatic stabilizers.

26.Ans: D. the progressive income tax

27.Ans: B. Contractionary and worsen the effects of the recession

28.Ans: B . unit of account and a store of value and medium of exchange

29.Ans: B. Unit of account

30.Ans: B. Unit of account

31.Ans:A. a store of value.

32.Ans:D. a medium of exchange

33.Ans: C. Medium of exchange.

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