The proper monetary and fiscal policy to use in times of recession is policy: la
ID: 1215373 • Letter: T
Question
The proper monetary and fiscal policy to use in times of recession is policy: laissz faire policy mercantilist policy expansionary fiscal and monetary policy contractionary fiscal and monetary policy stationary policy In times of recession, Congress has often acted to extend unemployment benefits beyond the usual 26 weeks of benefits because unemployment is still high. This kind of policy in an example of: discretionary fiscal policy a tax on unemployment insurance recipients an automatic stabilizer a strategy to soak the rich In calculating the Consumer Price Index, the 'market basket' is: the tangible goods, but not services, the typical consumer purchases during a given period the hypothetical bundle of goods that consumers would purchase if they had enough income the goods that can comfortably fit into a bushel basket sum total of all grocery items the typical consumer purchases during a given time period. the combination of goods and services that the typical consumer purchases. A barter economy can be characterized as one where people negotiate directly oxer the monetary price of the items exchanged. where goods and services are exchanged after a monetary price is determined where the government's role in the economy is nonexistent where goods and services are directly exchanged without the use of a specific money asset. The three main functions of money are: a medium of exchange, means of credit, valuing transaction costs. a medium of exchange, unit of account, store of goods. a unit of account, medium of exchange, a store of value a unit of account, medium of communication, medium of exchange. Liquidity refers to: the case of transporting money assets. the ease of converting any given asset into a medium of exchange. the ability of a money asset to retain its value the ability to hide a money asset. The "money supply" refers to: how much money banks have in their vaults. how much money households have to spend the amount of money assets circulating throughout the economy. the number of bills being printed by the Bureau of Printing and Engraving. Money supply as measured by M2 includes: saving accounts, small time deposits, and money market mutual funds Plus saving accounts, small time deposits (CDs), and money market mutual funds. MI plus checkable deposits, currency, and traveler's checks savings accounts, bonds, and stocks.Explanation / Answer
8) C
9) A
10) E
11) D
12) C
13) B
14) C
15) B
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