Introduction to Macroeconomics Answers

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1
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unemploymentinflation

A
unemployment
B
inflation
2
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the government onlyindividuals onlybusinesses onlyall are affected

A
the government only
B
individuals only
C
businesses only
D
all are affected
3

citizensforeign governments

A
citizens
B
foreign governments
4

✔ monetary policyregulatory policy

A
monetary policy
B
regulatory policy
5

What are the qualities of a free-enterprise system? Check all that apply.Free-enterprise systems encourage free interaction between producers and consumers.Producers cannot control what they produce in a free-enterprise system.Governments create policies to protect the safety of citizens and fairness in the market.In a free-enterprise system, ideals and needs must be balanced.In free-enterprise systems, governments never become involved in social and economic issues.

A
Free-enterprise systems encourage free interaction between producers and consumers.
B
Producers cannot control what they produce in a free-enterprise system.
C
Governments create policies to protect the safety of citizens and fairness in the market.
D
In a free-enterprise system, ideals and needs must be balanced.
E
In free-enterprise systems, governments never become involved in social and economic issues.
6

✔ develop a plancreate new public policy

A
develop a plan
B
create new public policy
7

✔ citizensforeign governments

A
citizens
B
foreign governments
8

monetary policy✔ regulatory policy

A
monetary policy
B
regulatory policy
10

What are the qualities of a free-enterprise system? Check all that apply.Free-enterprise systems encourage free interaction between producers and consumers.Producers cannot control what they produce in a free-enterprise system.Governments create policies to protect the safety of citizens and fairness in the market.In a free-enterprise system, ideals and needs must be balanced.In free-enterprise systems, governments never become involved in social and economic issues.

A
Free-enterprise systems encourage free interaction between producers and consumers.
B
Producers cannot control what they produce in a free-enterprise system.
C
Governments create policies to protect the safety of citizens and fairness in the market.
D
In a free-enterprise system, ideals and needs must be balanced.
E
In free-enterprise systems, governments never become involved in social and economic issues.
13

✔ fiscal policytrade policy

A
fiscal policy
B
trade policy
15

She has identified the , so her next step is to .

A
develop a plan
B
create new public policy
17

monetary policy✔ trade policy

A
monetary policy
B
trade policy

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