Which of the following government policy will not have long term effects on the economy. Question 2 options: government funded early childhood development program the Canada Worker Lock Down benefits  immigration policy that changes labour supply policy for productivity growth

The economy of a hypothetical country has been stable for two or three years with very low unemployment. Wages have been gradually increasing during this time. Now an aggressive policy of increasing tariffs on foreign goods imported into the country results retaliatory actions from the other countries against the country’s products and services. This causes great loss of business in the country and results in significant portion of workers losing their jobs. 1. What kind of economic gap will start to occur (inflationary or recessionary)? 2. What part of the Federal Reserve’s congressional mandate does this scenario trigger (price stability and maximum sustainable employment)? 3. What kind of monetary policy might be helpful to stabilize the economy (expansionary or contractionary)? 4. What specific monetary policy tools does the Federal Reserve have available to use in this scenario? 5. Explain in detail, how should the Federal Reserve use each of these tools to maximize their effect…

Question 10 Which statement describes the effect on the economy of Russia caused by the collapse of the Soviet Union? A B с D Russia had to transition from a command economy to a market economy. The government had to seize control of a market economy. The economy became very strong because of increased trade with foreign nations. Russia's economy became dominated by state-owned business.