(Test Bank)Economics Today The Macro View, 19th Edition by Roger LeRoy Miller chapter 17

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1、EconomicsToday:TheMacroView,19e(Miller)Chapter17StabilizationinanIntegratedWorldEconomy17.1ActiveversusPassivePolicymakingandtheNaturalRateofUnemployment1)ActivepolicymakingreferstoA)actionstakenbypolicymakersinresponsetoachangeintheoveralleconomy.B)policymakingt

2、hatiscarriedoutinresponsetoarule.C)relyingonpoliciesthatactasautomaticstabilizers.D)nondiscretionarypolicymaking.Answer:ADiff:1Topic:17.1ActiveversusPassivePolicymakingandtheNaturalRateofUnemploymentLearningOutcome:Macro-17:Discussthefundamentalsofkeymacroeconomi

3、ctheoriesAACSB:Analyticalthinking2)ActivepolicymakingwouldincludeallofthefollowingEXCEPTA)interestratechangesbytheFed.B)taxincreases.C)unemploymentinsurancebenefits.D)increasedgovernmentspendingbytheCongress.Answer:CDiff:2Topic:17.1ActiveversusPassivePolicymaking

4、andtheNaturalRateofUnemploymentLearningOutcome:Macro-17:DiscussthefundamentalsofkeymacroeconomictheoriesAACSB:Analyticalthinking3)Whichofthefollowingwouldbeanexampleofpassivepolicymaking?A)establishingasystemofautomatictaxstabilizersB)marginalratetaxcutsintendedt

5、oincreaserealGrossDomesticProduct(GDP)C)governmentspendingdecreasesintendedtodecreaserealGrossDomesticProduct(GDP)D)raisingthemoneysupplywhentheunemploymentrateincreases.Answer:ADiff:2Topic:17.1ActiveversusPassivePolicymakingandtheNaturalRateofUnemploymentLearnin

6、gOutcome:Macro-17:DiscussthefundamentalsofkeymacroeconomictheoriesAACSB:Analyticalthinking107Copyright©2018PearsonEducation,Inc.4)Monetaryandfiscalpolicymakingthatiscarriedoutinresponsetoapre-setruleanddoesNOTrespondtochangesineconomicactivityisknownasA)activepol

7、icymaking.B)discretionarypolicymaking.C)nondiscretionarypolicymaking.D)Keynesianpolicymaking.Answer:CDiff:1Topic:17.1ActiveversusPassivePolicymakingandtheNaturalRateofUnemploymentLearningOutcome:Macro-17:DiscussthefundamentalsofkeymacroeconomictheoriesAACSB:Analy

8、ticalthinking5)Whenpolicymakersmakedecisionsinresponsetoapre-specifiedrule,theyareundertakingA)activepolicy.B)discretionarypolicy.C)passivepolicy.D)irrationalp