Federal, state, and local government organizations fulfill several roles within the economy. Which of the following are roles provided by government organizations? Select ALL that apply.

A.) Encouraging unregulated and untaxed activity

B.) Restricting access to economic information

C.) Acting as a consumer of goods and services

If the federal government wants to increase production and purchasing activity levels in the economy, which of the following policy tools could it use? Select ALLl that apply.

A.) Increase the money supply.

B.) Decrease the money supply.

C.) Reduce tax rates.

D.) Increase tax rates.

An expansion period is characterized by the following attributes: businesses that are operating with _________( A.) Higher B.) Lower ) levels of production activity, low unemployment, _________ ( A.) Increasing B.) Decreasing ) retail sales, low or decreasing prices and interest rates, a _______ ( A.) Declining B.) Rising ) stock market, and expectations of higher business profits. Expansion periods tend to end with a __________ ( A.) Trough B.) Peak ) , whereas contraction periods end with a __________ ( A.) Trough B.) Peak ) .