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Economics

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Hazel Pacocha

Lvl 10
βˆ™ 2022-04-15 19:32:53
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Cards in this guide (10)
Which of these is the best description of a standard of living

It is the amount of material goods and luxuries that can be afforded compared to a person's income level.

Which of these occurs during the decline of prices due to insufficient money supply
What statement does not apply to high aggregate demand

the concern is that unemployment may increase because fewer workers are needed.

Which of these is not a goal of monetary policy

to manage how tax revenue will be spent

What statement about fiscal policy is not true

It refers to the adjustment of an economy’s money supply by a central bank.

What is the adjustment of an economys money supply by a central bank

Monetary policy

If money supply growth exceeds the growth of the overall economy what is the result

Inflation

What of these describes a weak economy

Aggregate demand is low

What is aggregate demand'

the total demand for final goods and services in the economy

What is discretionary incomes

Discretionary income is the amount of money available in a budget after all identified expenses have been paid.

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