Macroeconomics: Policy and its Effects 2023 Exam 100% Accurate
0 view 0 purchase
Course
Macroeconomics: Policy and its Effects
Institution
Macroeconomics: Policy And Its Effects
Macroeconomics: Policy and its Effects 2023 Exam 100% Accurate
Hey yo follow me on Instagram lmao
@haikuhamster
Which statement best describes the idea of monetarism?
Monetary policy is the best way to influence economic growth.
What are the main purposes of regulatory policies? Check all th...
macroeconomics policy and its effects 2023 exam 100 accurate hey yo follow me on instagram lmao haikuhamster which statement best describes the idea of monetarism monetary policy is the best way
Written for
Macroeconomics: Policy and its Effects
All documents for this subject (4)
Seller
Follow
magdamwikash23
Reviews received
Content preview
Macroeconomics: Policy and its Effects 2023 Exam 100%
Accurate
Hey yo follow me on Instagram lmao
@haikuhamster
Which statement best describes the idea of monetarism?
Monetary policy is the best way to influence economic growth.
What are the main purposes of regulatory policies? Check all that apply.
-to protect constitutional rights, safety, and fairness
-to ensure that property rights are protected
-to create regulation in a mixed-market economy only when needed
Which of these outcomes are possible negative externalities? Check all that
apply.
-increased traffic in the neighborhood surrounding the factory
-pollution from trucks making deliveries to the factory
Read this sample food label. Which regulatory goals are met by the label? Check
all that apply.
-informing consumers about products
-helping consumers make educated choices
-ensuring that producers are responsible for product contents
According to the chart, which regulatory agency provides the greatest monetary
benefit to the public?
EPA
According to the chart, which regulatory agency had the fewest regulations
studied?
USDA
Which of these are duties of the SEC? Check all that apply.
-overseeing the actions of brokers and financial advisers
-ensuring the security and fairness of mutual funds and exchanges
-bringing suits against businesses that are not following securities laws
Which of these are goals of financial regulation? Check all that apply.
-preventing monopolies
-ensuring that businesses accurately report their earnings
-keeping prices fair
According to President Obama, what are the reasons for the financial crisis?
President Obama indicates that there are several reasons for the financial crisis.
According to the president, one reason is irresponsible practices by financial institutions.
The amount of risk involved in newly created investments was high, and few investors
or consumers understood this. These types of investments were made possible due to a
lack of regulation within the system.
According to the president's speech, what were some effects of the financial
crisis? Check all that apply.
-the loss of savings for many workers
-the loss of credit in the economy
-growing economic challenges for many
, According to the video, how was the Banking Act of 1933 a reaction to the Great
Depression?
The Banking Act of 1933 was a reaction to the Great Depression because it worked to
protect deposits from risky investments by banks. These investments caused many
citizens to lose their money during the Great Depression. Protections occurred through
the creation of regulations and new agencies to oversee financial institutions.
According to the video, what are the purposes of the Dodd-Frank Act? Check all
that apply.
-to improve accountability for banks
-to end bailouts
-to protect consumers from abusive financial practices
Why was the Food Safety Modernization Act passed? Check all that apply.
-Many citizens are in danger of contracting a food-borne illness.
-More people are living with chronic illnesses.
-Pathogens are becoming stronger and harder to defeat
According to the video, which food safety regulations have been created by the
passage of the Food Safety Modernization Act? Check all that apply.
-a requirement for farmers to prevent hazards when growing or harvesting foods
-a requirement for facilities that produce food to monitor cooking temperatures to
prevent hazards
-a set of rules for importers to make sure that food is inspected before it is shipped
Why is there a need for government regulation, and what limits need to be placed
on these regulations?
Give your answer in the form of a short paragraph.
Government regulations are necessary because they protect public safety and market
fairness. For example, food safety regulations help protect consumers from pathogens
that could cause widespread illness. By creating regulations, the government can make
food-borne illness less likely. However, even though these regulations are necessary,
they must still meet constitutional requirements. Producers and consumers have the
right to own and use property, among other constitutional rights.
According to the information presented about Country Y, the classical economic
concept of _________ can be seen.
The economic events of Country Y demonstrate the idea of laissez faire because
the government _________ intervene in economic events.
-the invisible hand
-did not
Keynes was an avid believer in _________ intervention to help solve economic
issues.
Keynes believed that _________ aggregate demand could help solve economic
problems during a recession.
Keynes recommended that the government _________ taxes during economic
contraction.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller magdamwikash23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
