Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I really need help with these questions, please or do much as you can. Please and Thank you. 1. The debt-to-GDP ratio of Canadian government:

I really need help with these questions, please or do much as you can. Please and Thank you.

1.The debt-to-GDP ratio of Canadian government:

a.is lower than it has ever been.

b.has remained steady for the past decade.

c.is higher than it has ever been.

d.has reached higher levels in the past.

2.What is the expected change in the debt-to-GDP ratio in Canada for the period 2020-2021?

a.An increase of about 31percent.

b.An increase of about 9percentage points.

c.An decrease of about9 percentage points.

d.An increase of about 49percent.

3.When the central bank decides to increase the monetary policy rate,what happens to the money supply or the interest rates in the economy?:

a.money supply increases.

b.interest rates are unaffected.

c.interest rates decrease.

d.interest rates increase.

4.What do economists believe about the objectives a Central Bankshould pursue?

a.Economists believe that a Central Bank should pursue low unemployment rates.

b.Economists believe that a Central Bank should pursue steadyeconomic growth.

c.Economists have reached no consensus about the objectives of a Central Bank.

d.Economists agree thata Central Bank shouldtarget low and stable inflation.

5.What was the percentage change in theaverage level of tariffs on imported goods over the period1946--1990 in the industrialized countries?

a.It has increased by 87.5%.

b.It has decreased by 87.5%.

c.It has decreased by 12.5%.

d.It has increased by12.5%.

6.A Big Mac is C$6in Canada and US$4.5in the U.S.If the exchange rate is 0.75 US$/C$, where is the Big Mac cheaper?

a.In the U.S.

b.It is equally expensive in both countries.

c.In Canada

d.Not enough information to tell.

7.Division oflabourfulfills its purposeonly if whatattributeof the economy is present?

a.government regulation

b.perfect competition

c.altruistic cooperation

d.the possibility oftrade

8.What do economists believe about the effect of expansionary fiscal policies?

a.Economists disagree that government spending increases inflation.

b.There is no consensus among economiststhat government spending crowds out private investment.

c.Economistsdisagree that government spending crowds out private investment.

d.Economists agree that government spending raises interest rates.

9.Consider the AD-AS model. Withthe economy initially in equilibrium well below the potential level of GDP, whateffectswillmost likely have acontractionarymonetary policy?

a.increase unemployment and decrease inflation.

b.increase unemployment, but have little effect on inflation.

c.increase output and increase inflation.

d.have no effect on output, but decrease inflation.

10.Which of the following best describes the historical evolution of economic growth in the world?

a.World economy has been virtually stagnating for most of its history,with a period of growth which started relatively recently., just a couple ofcenturies ago.

b.World economy has been growing at a relatively steady rate overthecenturies.

c.World economy has always been fluctuating about a constant upward trend.

d.A first phase of rapid growth,followed by a long period of slow but steadygrowth.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Capitalism Its Fall And Rise In The Twentieth Century

Authors: Jeffry Frieden

1st Edition

039332981X, 9780393329810

More Books

Students also viewed these Economics questions

Question

1. Walk to the child, look into his or her eyes.

Answered: 1 week ago