Other questions in this quiz

2. fiscal policy is

  • government spending, plus exports and imports
  • is the use of government revenue collection and expenditure to influence the economy
  • is not the use of government revenue collection and expenditure to influence the economy

3. business cycle stages are

  • series or cycle of economy contraction
  • series or cycle of economy expansion and contraction
  • series or cycle of economy expansion
  • series or cycle of bankruptcy

4. What is a command economy

  • is a system when the government determines what goods should be produced
  • is a system when the parents determines what goods should be produced
  • is a system when the free market determines what goods should be produced
  • is a system when the employees determines what goods should be produced

5. Elasticity is

  • when the price of goods go up and demand goes down
  • when the price of goods down and demand goes up

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