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.Management Sciences
Category: Macroeconomic Issues and Analysis
Government policies that focus on changing taxes and government spending are called ?
A. fiscal policies
B. incomes policies
C. supply-side policies
D. monetary policies
If the economy is in the though phase of the business cycle, aggregate demand ____ unemployment ______ inflation ______ and the current account of the balance of payments is likely to move towards ________?
A. falls; falls; falls; surplus
B. falls; rises; falls; surplus
C. is static; low; rises; deficit
D. rises; falls; rises; deficit
In the EMU a country’s competitiveness can change because of ?
A. interest rate adjustment
B. central bank intervention in the Forex
C. domestic wage and price adjustment
D. devaluation
If VAT rates rise, then costs are likely to ___ and demand is likely to ____?
A. rise; rise
B. rise; fall
C. fall; fall
D. fall; rise
The single European Act committed ________ governments to a ________ in 1992?
A. European union, single market
B. Western European, single currency area
C. European Union, single currency area
D. Western European, single market
A monetary union means ________, ________ and ________?
A. permanently fixed capital movements floating exchange rates a fixed structure of interest rates
B. permanently fixed exchange rates, free capital movements, a single interest rates
C. a common currency a single central bank, common monetary policy
D. a common currency floating exchange rates common monetary policy
Classifying discouraged workers as unemployed would ?
A. not change the unemployment rate
B. decrease the unemployment rate
C. increase the unemployment rate
D. have an indeterminate impact on the unemployment rate
Aggregate supply is the total amount ?
A. of products produced by a given industry.
B. produced by the government
C. of labour supplied by all households
D. of goods and services produced in an economy.
Government policies that focus on changing interest rates are called ?
A. fiscal policies
B. monetary policies
C. supply-side policies
D. incomes policies
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