Question 67 Suppose the stock of government debt in Canada at the end of year 1 is $475 billion. If the stock of debt falls to Not yet $461 billion by the end of year 2 and debt-service payments during year 2 were $38 billion, then we know that answered the government had... Marked out of 1.00 O a. An annual budget surplus of $38 billion. O b. A primary budget surplus of $24 billion. Flag question O c. An annual budget deficit of $14 billion. O d. A primary budget surplus of $52 billion. O e. A primary budget surplus of $14 billion.Question 70 would be most appropriate for reducing cyclical unemployment. Not yet answered O a. A decrease in the money supply. Marked out of O b. Increased government spending. 1.00 O c. Reduced benefits for workers covered by employment insurance. Flag question O d. The introduction of programmes for the retraining and relocation of labour. O e. Increased benefits for workers covered by employment insurance.Question 71 Not yet answered Marked out of 1.00 V Flag question Actual inflation is the sum of three separate components: Validated, expected and output gap inflation. Output gap, wage-push and demand ination. Accelerated, expected and output gap inflation. Accelerated, demand and supply inflation. Output gap, expected and supply-shock inflation. QUGSHM 72 Canada's employment insurance (El) programme provides benefits to eligible unemployed workers. If the N01 yet programme is designed such that benefits are more generous in regions with higher rates of unemployment, then answered we can expect that... Marked out of 1 00 O a. Frictional unemployment will decrease because workers have more time to find a well-suited job. 0 b. Cyclical unemployment will increase. '7 Flag question 0 0. Structural unemployment will increase and the NAIRU will be higher than othenrvise. 0 d. Labour markets will adapt to changes more quickly as a result. 0 e. The NAIRU will decrease. Question 73 Not yet answered Marked out of 1 .00 '7 Flag question Central banks should never validate a negative supply shock because... Of the possibility of entrenching expectations and creating a wage-price spiral. There are no short-run effects on any real variables and so it is not worthwhile. The monetary validation results in a higher level of unemployment. The monetary validation causes downward pressure on wages. The economy's adjustment process is ineffective