As the economy nears the end of a recession,what do we typically see?

Question 41 options:

increased spending on capital goods by firms

all of the above

increasing interest rates

further decreases in consumer spending

Monetary policy refers to the actions the

Question 42 options:

Prime Minister and Parliament take to manage government spending and taxes to pursue their economic objectives

Prime Minister and Parliament take to manage the money supply and interest rates to pursue their economic objectives

Bank of Canada takes to manage government spending and taxes to pursue its economic objectives

Bank of Canada takes to manage the money supply and interest rates to pursue its macroeconomic policy objectives

Economics is the study of the ________ people make to attain their goals, given their ________ resources.

Question 43 options:

choices; scarce

purchases; unlimited

decisions; household

income; available

Rising prices erode the value of money as a ________ and as a ________.

Question 44 options:

store of value; unit of barter

store of value; unit of liquidity

medium of exchange; store of value

unit of barter; unit of account

Most economists believe that the best monetary policy target is

Question 46 options:

the money supply.

total bank reserves.

the discount rate.

an interest rate.

Which of the following functions of money would be violated if inflation were high?

Question 49 options:

certificate of legal tender

store of value

unit of account

medium of exchange

An increase in individual income taxes ________ disposable income, which ________ consumption spending.

Question 50 options:

decreases; decreases

increases; decreases

decreases; increases

increases; increases

If the growth rate of real GDP rises from 3% to 4% per year, then the number of years required to double real GDP will decrease from

Question 51 options:

23.3 years to 21.4 years

28.0 years to 21.4 years

11.2 years to 10.8 years

23.3 years to 17.5 years