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    Federal Reserve Banks directly affect the national economy by
    administering consumer protection lawsincreasing and decreasing the money supplyproviding oversight and services for financial institutionsraising and lowering interest rates
    Which of the following circumstances usually comes before a period of economic contraction?
    Decreasing inflationHigh unemploymentLow GDPPeak production
    [04.05 HC]
    Which are more popular with citizens contractionary or expansionary government actions and why?
    Contractionary because they decrease the amount of money held by the government and put more in the hands of its citizensContractionary because they decrease the amount of money held by the people and put more in the hands of the governmentExpansionary because they increase the amount of money held by the government and put less in the hands of its citizensExpansionary because they increase the amount of money held by the people and put less in the hands of the government
    [04.04 MC]
    Lowering the discount rate can promote full employment because
    employees are more likely to apply for multiple jobsemployees are able to get better offers for hourly wagescompanies are more likely to expand and hire more workerscompanies are less likely to sign up employees for unemployment insurance
    [04.01 MC]
    Inflation is low but the unemployment rate is the highest seen in several years. Economists report signs that show in six months the economy is likely to improve. The economy is likely in
    contractionexpansiona peaka trough
    [04.02 MC]
    Why do governments regulate natural monopolies?
    To allow only certain consumers to have access to goods and servicesTo have access to the resources when national security is at riskTo prevent prices from rising too high and to increase efficiencyTo prevent single suppliers from continuing to dominate a market
    [04.05 MC]
    How does the U.S. government slow economic growth?
    By decreasing taxes and decreasing spendingBy decreasing taxes and increasing spendingBy increasing taxes and decreasing spendingBy increasing taxes and increasing spending
    [04.02 LC]
    Some products are produced most efficiently when there is a single supplier. What is this called?
    Natural monopolyNatural resourcesPrice controlsWage controls

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