Lecture 4 Govt Resp for Economy 2013

Lecture 4 Govt Resp for Economy 2013 - Government...

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9/25/13’ 1’ Government’responsibility’for’ the’economy ’ ADMN3400’ Sept’30,’2013’ Is’the’government’responsible’for’ employment’and’unemployment?’ A. Yes:’the’government’is’responsible’for’the’ overall’rate’of’employment.’ B. No.’It’is’up’to’individuals’to’Fnd’a’job’if’they’ really’want’one.’ C. The’government’should’o±er’employment’ insurance’to’pay’part’of’a’person²s’salary’for’a’ few’weeks’a³er’lay-o±.’ D. Employment’in’Canada’depends’on’ internaVonal’trade’and’there’is’nothing’the’ government’or’people’in’Canada’can’do’about’ it.’ Is’the’government’responsible’for’ controlling’the’rate’of’inflaVon?’ A. Yes’(if’you’include’The’Bank’of’Canada’as’part’of’ the’government).’ B. No.’Prices’for’all’products’should’be’set’by’ businesses’who’sell’them.’ C. No.’InflaVon’is’not’a’problem’in’Canada’so’there’ is’nothing’that’needs’controlling.’ D. No.’InflaVon’is’caused’by’increases’in’the’price’ of’resources’on’world’markets’and’there’is’ nothing’anyone’can’do’about’it.’ E. I’don²t’know’what’‘inflaVon²’is.’
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9/25/13’ 2’ Is’the’government’responsible’for’ se\ng’interest’rates?’ A. Yes’(if’you’include’The’Bank’of’Canada’as’part’of’the’ government).’ B. No,’the’big’banks’set’interest’rates.’ C.
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Lecture 4 Govt Resp for Economy 2013 - Government...

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