3 and 4

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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3 and 4 

O A6.03.2_S x
O Stellar_Ev x
Bb Module 0 X
Taxes
Bb Take Test: X
b Search re x
Q Search Q x
G a. What V X
O A3.06.1 F x
* Fiscal anc X
Bb Module 0 X
Bb
i cobbk12.blackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id=_339675_1&course_id=_34384_1&content_id=_2539968_18step=null
Update :
M Gmail
O YouTube
G Google
O Rate Tutoring Sessi..
2 Мaps
O Chattahoochee Tec...
Bb Cobb Virtual Acade..
G Rachel finds a new...
ias been unable to find one.
0/2
QUESTION 3
Directions: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow
The economy of Northhurst is currently experiencing GDP growth of over 7% with inflation rates of 4% and unemployment of 1% Jaelyn finds that everything she wants to buy costs m ore money, but her wages haven't increased. She is
worried about being able to afford everything she needs.
Congress and the President also notice this change in the economy and decide to take steps to correct it. They can use their 2 tools in the following ways:
What will the federal government do to taxes?
a
b
What will the federal government do to government spending?
C.
What impact will this have on consumer spending?
QUESTION 4
Directions:
Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow
Over the past 3 years, prices in Belarus have risen by 4%, as overall economic growth has increased by 5% while unemployment rates are 1.3%. Aram is finding that all goods, even necessities cost more at the stores. He is worried he may
have to cut back on certain purchases.
The Results
businesses will get (more/less)
as the economy (expands/contracts)
As the money supply (increases/decreases)
money and eventually unemployment (increases/decreases)
When that happens Aram will see prices (rise/fall)
QUESTION 5
Directions:
Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow
The economy of Andorra is currently experiencing unemployment rates of 5% while economic growth is stagnating at 2%. Naomi recently lost her job as a systems analyst and is struggling to find new employment in the current economic
conditions.
The Business Cycle and the Problem
a.
What stage of the business cycle is the economy currently in?
What is the current problem in the economy?
С.
Does it need money in or out of the economy?
d.
What type of monetary policy is that?
e.
What type of fiscal policy is that?
60°F
2:07 PM
Clear
4/16/2022
Transcribed Image Text:O A6.03.2_S x O Stellar_Ev x Bb Module 0 X Taxes Bb Take Test: X b Search re x Q Search Q x G a. What V X O A3.06.1 F x * Fiscal anc X Bb Module 0 X Bb i cobbk12.blackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id=_339675_1&course_id=_34384_1&content_id=_2539968_18step=null Update : M Gmail O YouTube G Google O Rate Tutoring Sessi.. 2 Мaps O Chattahoochee Tec... Bb Cobb Virtual Acade.. G Rachel finds a new... ias been unable to find one. 0/2 QUESTION 3 Directions: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow The economy of Northhurst is currently experiencing GDP growth of over 7% with inflation rates of 4% and unemployment of 1% Jaelyn finds that everything she wants to buy costs m ore money, but her wages haven't increased. She is worried about being able to afford everything she needs. Congress and the President also notice this change in the economy and decide to take steps to correct it. They can use their 2 tools in the following ways: What will the federal government do to taxes? a b What will the federal government do to government spending? C. What impact will this have on consumer spending? QUESTION 4 Directions: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow Over the past 3 years, prices in Belarus have risen by 4%, as overall economic growth has increased by 5% while unemployment rates are 1.3%. Aram is finding that all goods, even necessities cost more at the stores. He is worried he may have to cut back on certain purchases. The Results businesses will get (more/less) as the economy (expands/contracts) As the money supply (increases/decreases) money and eventually unemployment (increases/decreases) When that happens Aram will see prices (rise/fall) QUESTION 5 Directions: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to complete the questions that follow The economy of Andorra is currently experiencing unemployment rates of 5% while economic growth is stagnating at 2%. Naomi recently lost her job as a systems analyst and is struggling to find new employment in the current economic conditions. The Business Cycle and the Problem a. What stage of the business cycle is the economy currently in? What is the current problem in the economy? С. Does it need money in or out of the economy? d. What type of monetary policy is that? e. What type of fiscal policy is that? 60°F 2:07 PM Clear 4/16/2022
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