Need an expert in macroeconomics to answer these 10 questions:

41. President Reagan often states that he preferred supply sides policies. Which of the following federal government policies would be supply side?

1. Lower taxes
2. Increase the quantity of money
3. Lower the interest rate
4. Decrease government spending

42. When calculating the unemployment rate, the BLS counts those over 16 and in jail as

1. Unemployed
2. Institutionalized and therefore not in the working-age population
3. Employed if they hold a job in prison
4. Institutionalized and therefore not in the working-age population but in the labor force

43. During a recession, the unemployment rate generally ___ and ___ during an expansion

1. Rises; does not change
2. Does not change; falls
3. Rises; falls
4. Falls; rises

44. When the tax revenue is equal to government spending, the situation is referred to

1. An equilibrium budget
2. A balanced budget
3. An equal budget
4. An equivalent budget

45. The regulation that sets the lowest price at which it is legal to trade a good is

a. Price ceiling b. Price floor c. Production ceiling d. Subsidy

46. GDP is 1240, Consumption is 900, gross private domestic investment is 150, exports are 50, and imports 125. Depreciation is 40. Government spending (government consumption and gross investment) is

1. 225 b. 265 c. 285 d. 305

47. A business cycle has two turning points

1. Trough and peak
2. Recession and trough
3. Expansion and recession
4. Boom and slum

48. The federal reserve is organized into

1. 50 districts, one per state
2. The district, one for each of the countries in North America
3. 12 district, dividing up the United States
4. 50 districts, one per state

49. If the supply of money increases as a result of an open market ___ of securities by the Fed, the interest rate will ___

1. Purchase; increase
2. Purchase; decrease
3. Sales; increase
4. Sales; decrease

50. If the nominal interest rate is greater than the real interest rate

1. It is an indication of economic growth
2. None of the above answers in correct because it is not possible for the nominal interest rate to exceeds the real interest rate
3. The real interest rate must be negative
4. Inflation must be occurring