21. When we are heading toward a recession, where GDP is declining and the unemployment rate is rising, the FED (Federal Reserve Board) in its Open Market Committee meetings is likely to announce lowering the federal funds rate. This is the enactment of a. Employment rights policy b. Fiscal policy C. SEC (Securities & Exchange) policy d. Monetary policy 22. The is now over $20 trillion. Some of the largest contributors to government spending are the defense program, Social security, Medicare, and Medicaid. a. Social society b. National debt C. Monetary policy I d. National deficit 23. Economists do their best to predict which are the periodic rises and falls that occur in economies over time. For example, at this time, there is an ebb (slowdown) in the economy of China. One would say that business is not booming in China as it has for the past twenty years. a. Recessions b. Business cycles c. Depressions d. booms goes down, it is 24. Of the key economic indicators we discussed in clss, when the indicative of good economic conditions. a. Gross domestic product b. Stock market c. Consumer price index d. Unemployment rate