9. In the Recession Stage of the business cycle, relative to a peak, we expect that the

	a.	Unemployment rate is high
	b.	Inflation is high
	c.	Interest rates are high
	d.	Consumer spending is high

10. Fiscal and Monetary Policy are different in that

		Only fiscal policy tools may include taxation and stimulus checks for a country residents
		Only monetary policy tools may include targeting the Fed Funds rate
		Only Congress is authorized to approve spending associated with fiscal policy
		All of the above

11. Adopting the Gold Standard for a countrys economy implies that

	a.	Money supply can be easily increased or decreased
	b.	Interest rates become flexible
	c.	Utilizing monetary policy tools becomes constrained
	d.	Fiscal policy becomes flexible

12.

It has been observed that houses that tend to burn more often are

	a.	most likely are not insured against fire incidents
	b.	most likely are insured against fire incidents
	c.	most likely forgot to get insurance against fire incidents
	d.	All of the above

13.In 2021, WSJ reported that in September of that year, 4.4 million workers quit their jobs, primarily because they found better work elsewhere. This is an example of

	a.	Frictional unemployment
	b.	Cyclical unemployment
	c.	Structural unemployment
	d.	Declining labor force participation