14) During a period when economic growth is very strong and inflation rates are rising to uncomfortable levels, Federal Reserve policymakers might decide to pursue which type of monetary policy?15) Which of the following pairs of terms is used to describe fluctuations in the economy?16)During a contractionary phase of the business cycle which of the following most likely occurs?17) Which of the following regulations prevent price gouging?18) what does fiscal policy include? 14. During a period when economic growth is very strong and inflation rates are rising touncomfortable levels, Federal Reserve policymakers might decide to persue which type ofmonetary policy?a) Price Controlsb) Stimulus billsc) Expansionary monetary policyd) Contractionary monetary policyob 100 quarellot sift to doid W.01(s15. Which of the following pairs of terms is used to describe fluctuations in the economy?da) Real and Nominalb) Expand and contractc) Revenue and expenditured) Deficit and debtotsib to doinW 116. During a contractionary phase of the business cycle, which of the following most likelyoccurs?a) More tax revenues are remittedb) More goods and services are producedc) Fewer people are unemployedd) Fewer people are employed17. Which of the following regulations prevent price gouging?a) Price floorsb) Price fixingc) Price ceilingsd) Price inflation18. What does fiscal policy include?a) Taxesb) Interest ratesc) Government spendingd) a and c4

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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14) During a period when economic growth is very strong and inflation rates are rising to uncomfortable levels, Federal Reserve policymakers might decide to pursue which type of monetary policy? 15) Which of the following pairs of terms is used to describe fluctuations in the economy? 16) During a contractionary phase of the business cycle which of the following most likely occurs? 17) Which of the following regulations prevent price gouging? 18) what does fiscal policy include?

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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