macroeconomics

QUESTION 4 "The recent comments by Federal Open Market Committee member James Butler suggest a shift in policy by the FOMC, one stressing economic growth and employment over their usual focus on inflation." This passage suggest that the Fed will move to a easier monetary policy, lowering interest rates tighter monetary policy, lowering interest rates easier monetary policy, raising interest rates tighter monetary policy, raising interest rates QUESTION 5 The correct ordering of the intermediate steps of the chain of causation from a change in central bank policy to a change in GDP is the central bank buys bonds, increases price of bonds, decreases interest rates, decreases aggregate demand. sells bonds, lowers price of bonds, increases interest rates, decreases aggregate demand. buys bonds, increases price of bonds, increases interest rates, increases aggregate demand. sells bonds, lowers price of bonds, decreases interest rates, increases aggregate demand. buys bonds, lowers bond prices, decreases interest rates, increases aggregate demand QUESTION 6 "The chief tax policy expert from the Fraser Institute, Leslie Bothman, stated last month that the federal deficit in Canada will increase in 2019, noting that her forecasts suggest Canadian economic growth will slow to 1 percent in real terms, from 2.2 percent for 2018." Which of the following statements is reasonable in this context? the fall in the deficit caused the high economic growth the predicted rise in the Canadian federal deficit is the reason economic growth is predicted to fall. the predicted fall in economic growth is the reason the Canadian federal deficit is predicted to rise in 2019. slower economic growth means the Canadian government will increase spending on quality infrastructure in 2019. economic growth has nothing to do with the deficit