PLEASE CAN YOU ANSWER THESE QUESTIONS WITH THE CORE ECONOMY 16.10 TO 17.3

QUESTION 1

Recessions rarely turn into episodes of persistent contract. This is because:

Select one:

a.Governments can promote the use automatic stabilizers to help dampen economic shocks.

b.Households take preventative measures that amplify economic shocks.

c.Governments reduce the use of automatic stabilizers.

d.Governments and central banks try and take actions that produce positive feedback cycles when economic shocks occur.

QUESTION 2

REPLACE ANSWER BY THE REAL ANSWER

AANSWER (two words) refers to an individual with a low credit rating and a high risk of default.

QUESTION 3

REPLACE ANSWER BY THE REAL ANSWER

TheAnswer (two words) referred to a system of fixed exchange rates by which the value of currency was defined in terms of gold, for which the currency could be exchanged.

QUESTION 4

Figure 17.2 provides information on unemployment levels, productivity growth and inequality in the US between 1914 and 2015.

From stagflation to Great Depression epoch Golden age epoch financial crisis epoch (1921-29; 1929-41) (1948-73; 1973-79) (1979-2008; 2008-15) 30 6 Dashed lines show period averages of the series Productivity growth 5 25 Unemployment rate 4 20 Unemployment rate (%) 15 Annual productivity growth (%) N H 10 O -1 0 -2 1914 1922 1930 1938 1946 1954 1962 1970 1978 1986 1994 2002 2010 Year 24 20 16 Income share of the top 1% (%) 12 8 Income share of the top 1% 4 0 1914 1922 1930 1938 1946 1954 1962 1970 1978 1986 1994 2002 2010 YearUK US Germany Japan Korea Taiwan China 50 45 40 35 Industry share of total employment (%) 30 25 20 15 1870 1880 1890 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 Year