70. Read the passage and answer the question. After making campaign promises to support Americans who are not wealthy or politically connected, the president of the United States 75. Increased aggregate demand has caused unveiled his priorities for his first one hundred inflation, as measured by the CPI. What 77. Who will be MOST negatively affected by days in office. The president planned to increase social security benefits and expand access to combination of fiscal policies might be used to unanticipated inflation? Medicaid programs. Further, the president lower the general level of prices and check outlined a plan to forgive a large portion of student loans held by the government. The inflation? a person who has recently sold a president also promised that no new taxes would business be imposed. O increase taxes and cut government a person who has recently taken a new What is the MOST LIKELY effect of the spending president's policies? job decrease taxes and increase government The government will operate with a a bank that has recently allowed multiple budget surplus and the national debt will spending shrink new customers to open savings accounts The government will operate with a decrease taxes and cut government budget deficit and the national debt will spending a bank that has recently extended a shrink. substantial loan to a customer at a fixed The government will operate with a increase taxes and increase government budget deficit and the national debt will rate grow. spending The government will operate with a budget surplus and the national debt will grow. 79. What is one example of contractionary 80. Which statement about free trade is MOST accurate? 82. When does the US government operate with a monetary policy in the United States? budget deficit? O raising the reserve requirements for banks O Free trade allows industries to use their resources for production and import what O when the government spends less than it O lowering the federal interest rate they cannot produce efficiently. generates in revenue increasing the personal income tax rate Free trade frequently leads to high rates when the government spends more than of unemployment because it encourages it generates in revenue reducing government spending inefficiency. when the United States exports more Free trade causes the price of goods to goods and services than it imports 83. What determines the daily exchange rates? ncrease by creating more competitive when the United States imports more abor markets. goods and services than it exports the forces of supply and demand Free trade discourages economic O the US federal reserve specialization because consumers can the International Monetary Fund purchase goods from multiple markets. the lending of foreign national banks