8)Economists generally are: Answer a. more concerned about structural deficits t

ID: 1100670 • Letter: 8

Question

8)Economists generally are:

Answer

more concerned about structural deficits than cyclical deficits.

equally concerned about structural and cyclical deficits.

more concerned about cyclical deficits than structural deficits.

not concerned about structural or cyclical deficits.

9)The concept of fiscal policy refers to the:

Answer

running of a deficit or surplus to affect the level of output in the economy.

changing of interest rates to affect the level of output in the economy.

management of exchange rates to affect the trade deficit in the economy.

setting of wage policies by institutions to affect spending in the economy.

18)The target rate of unemployment is defined as the:
Answer

highest sustainable rate of unemployment achievable under existing conditions.

lowest sustainable rate of unemployment achievable under existing conditions.

unemployment rate at which there is no cyclical or structural unemployment.

the rate of unemployment that will eliminate the business cycle.

19)Structural unemployment:
Answer

includes cyclical unemployment.

is generally greater than cyclical unemployment.

is generally less than cyclical unemployment.

cannot be reduced with demand side policies.

more concerned about structural deficits than cyclical deficits.

equally concerned about structural and cyclical deficits.

more concerned about cyclical deficits than structural deficits.

not concerned about structural or cyclical deficits.

8. c more concerned about cyclical deficits than structural deficits

9.b.changing of interest rates to affect the level of output in the economy.

18.a.highest sustainable rate of unemployment achievable under existing conditions.

19..c is generally less than cyclical unemployment.

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