7. Closing gaps in an economy that have the following characteristics is easiest:

Select one:

a.there is an inflationary gap in an economy that has had a negative supply shock

b.there is a recessionary gap in an economy that has had a demand shock

c.There is a recessionary gap in an economy that does not have unions

d.there is an inflationary gap in an economy that has had a demand shock

8. Using expansionary fiscal policy will result in:

Select one:

a.increases a government budget deficit or decreases a government budget surplus.

b.may include reductions in taxes.

c.may include increases in government spending.

d.may include discretionary increases in transfer payments.

Clear my choice

9. The measure that the Canadian government will use to see if they can pay off their debt overtime would be

Select one:

a.Debt to GDP ratio

b.The budget balance

c.The multiplier

d.Deficit to GDP ratio

Clear my choice