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Economics

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Monica Abbott

Lvl 10
2022-02-04 20:57:24
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Cards in this guide (8)
Which scenario indicates that an expansionary monetary policy is needed

The economy has been growing rapidly.

Which scenario indicates that a contractionary monetary policy is needed

The economy has grown too quickly.

Which stage of policy making includes writing new laws confirming new policy

adoption

Which opinion would a Republican most likely hold about entitlement programs

Many Republicans and US taxpayers wrongly think Social Security Retirement and Social Security Disability are "entitlement" programs---- they are not.

Most Republicans believe the "entitlement" programs cost the government too much money. However, most federal dollars are matching dollars or in support of State programs, such as Medicaid and SNAP. Without the Federal dollars, States would not be able to help poor, ill, disabled, and elderly. *NOTE: Most of these groups had worked before needing help, or now still work part-time as they are able and allowed under program rules. NOTE2: The amount of the typical Soc. Sec. check is not enough to live on; there are no extra dollars for anything. NOTE3: Most people pay high prices for Part D medications or part D premiums.

When would the government most likely decrease its spending

. When unemployment has decreased

Which statement is true about the Federal Reserve discount rate

It influences bank behavior in order to control the money supply.

How big a share of the global economy is the U.S. economy

22 percent

What statement refers to per capita GDP

The average household level of production declined last year.

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