1.

The purchasing power of money in an economy rises when the overall price level decreases.

Group of answer choices

True

False

2.

Monetary policy is the use of tax and spending policies by Congress and the President of the United States, for the purpose of achieving macroeconomic goals.

Group of answer choices

True

False

3.

A person is considered unemployed if she is:

working at a part-time job.

taking a vacation from a job.

working at a full-time job in a foreign country.

not working but is actively looking for work.