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No Explanation needed! 20. Fiscal policy concerns the implementation of the government's A. spending and taxing plans. B. money supply and interest rate strategy. C.

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20. Fiscal policy concerns the implementation of the government's A. spending and taxing plans. B. money supply and interest rate strategy. C. foreign trade policy. D. attitude towards business investment. 21. Fiscal policy is implemented by: A. the President of the U.S. B. the Senate. C. the Federal Reserve. D. Congress (the House and the Senate). 22. Which of the following are true statements? A. When a country's economy is healthy, its citizens will spend more in general. B. When a country's economy is healthy, its citizens will import more high-priced luxury goods. C. When a country's economy is healthy, its currency rises against its trading partners. D. A and B are both correct 23. The breakdown of U.S. Gross Domestic Product into its major categories is usually as which of the following? A. Personal Consumption, Government Purchases, Net Exports B. Personal Consumption, Government Purchases, Gross Private Domestic Investment, Net Exports C. Personal Consumption, Corporate Consumption, Government Consumption D. Domestic Consumption and consumption of foreign goods by U.S. citizens 24. Capacity utilization measures current manufacturing output against potential output. Which of the following statements is correct? A. When capacity utilization is low, companies use their most productive and efficient plants and equipment. B. As capacity utilization increases, companies bring less efficient plants and equipment on line. C. When the capacity utilization rate moves above 80%, inflationary pressures may start to build in the economy. D. All of the above are true 25. In the comparative international arena of real GDP growth rates, which country has had the highest growth in real GDP over the years 1993 to 2005? A. The United States B. Japan C. China D. Germany

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