Sophia Macroeconomics Milestone 4.docx - Sophia...

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Sophia Marcoeconomics Milestone 41Which statement below is true of ONLY fiscal policy?A policy typically set by a banking authorityIncreases the availability of moneyUses government expenditures to create demandUsed to alter ADCONCEPTMonetary and Fiscal Policy
2Select the equation below that corresponds to income that can be consumed, saved or paid as taxes.
Y=C+S+T+MX=MY=C+I+G+XCONCEPTRole of International Trade3Select the true statement below regarding economic indicators.Trends that describe what has already happened are considered coincident indicators.Economic indicators provide a long term view of the economy.Economic indicators are macroeconomic by their very nature.One single indicator can perfectly describe what is going on in the economy.CONCEPTUnderstanding Indicators
4
CONCEPTCorporate Social Responsibility5GDP would be a poor indication of how well a country is doing economically for which of the scenarios below?

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