ECO100 knowledge check 9.docx - Question 1 3 out of 3 points When inflation begins to climb to unacceptable levels in the economy the government should

ECO100 knowledge check 9.docx - Question 1 3 out of 3...

This preview shows page 1 - 3 out of 4 pages.

Question 1 3 out of 3 points When inflation begins to climb to unacceptable levels in the economy, the government should: Selected Answer: use contractionary fiscal policy to shift aggregate demand to the right. Answers: use contractionary fiscal policy to shift aggregate demand to the right. use contractionary fiscal policy to shift aggregate demand to the left. use expansionary fiscal policy to shift aggregate demand to the right. use expansionary fiscal policy to shift aggregate demand to the left. Question 2 3 out of 3 points A(n) ________________________________ is calculated as a flat percentage of income earned, regardless of level of income. Selected Answer: proportional tax Answers: progressive tax regressive tax proportional tax estate and gift tax Question 3 3 out of 3 points The government can use _____________ in the form of ____________________ to increase the level of aggregate demand in the economy. Selected Answer: an expansionary fiscal policy; an increase in government spending
Image of page 1
Answers: an expansionary fiscal policy; an increase in
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 4 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture