201_HW5_(11-05-09) - ECO201: MACROECONOMICS Homework #5...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ECO201: MACROECONOMICS Homework #5 Multiple-Choice Questions (one point each): Please put your answers on scantron 882-E. 1. In the Employment Act of 1946, the Federal government: A) applied the unemployment compensation program to intrastate workers. B) agreed to subsidize unemployed workers to the extent of 50 percent of their average incomes. C) committed itself to accept some degree of responsibility for the general levels of employment and prices. D) agreed to hire, through public works programs, any employees who cannot find jobs with private industry. 2. Fiscal policy is carried out primarily by: A) the Federal government. B) state and local governments working together. C) state governments alone. D) local governments alone. 3. Fiscal policy refers to the: A) manipulation of government spending and taxes to stabilize domestic output, employment, and the price level. B) manipulation of government spending and taxes to achieve greater equality in the distribution of income. C) altering of the interest rate to change aggregate demand. D) fact that equal increases in government spending and taxation will be contractionary. 4. Expansionary fiscal policy is so named because it: A) involves an expansion of the nation's money supply. B)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/18/2009 for the course ECONOMICS 122112 taught by Professor Kimrahg during the Spring '09 term at George Mason.

Page1 / 2

201_HW5_(11-05-09) - ECO201: MACROECONOMICS Homework #5...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online