National Fiscal and Monetary Policy - Lecture 4

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1. Which of the following are Economic Objectives?

  • Economic Growth, Stable Prices, Low Unemployment, Favourable Balance of trade, A low level of inflation.
  • Economic Growth, Stable Prices, Low Unemployment, Favourable Balance of trade, A high level of inflation.
  • Stable Prices, High Import Taxes, Low Exports, Low Employment, High taxation
  • Economic Growth, Stable Prices, Low Unemployment, Low Exports, A high level of inflation.
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2. The Great Depression resulted in how many citizens jobless?

  • 20 Million
  • 14 Million
  • 15 Million
  • 13 Million

3. How many months does no economy growth have to surpass in order to be known as a Recession?

  • 4 months
  • 2 months
  • 3 months
  • 1 month

4. What is the Monetary Policy?

  • Controlling the money supply and interest rates.
  • Controlling the money supply and tax.
  • Controlling the interest rates and tax.
  • Controlling the government spending and tax.

5. Deflation can be due to:

  • High economy growth.
  • Hyperinflation.
  • Increased competition, Technological Advancements, Supply outweighing Demand.
  • Increased competition, Technological Advancements, Demand outweighing Supply.

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