. Among the tools available to macroeconomic policy makers is_______. (Points: 1

Question

. Among the tools available to macroeconomic policy makers is_______. (Points: 1)
      fiscal policy, control of government spending,and taxation
       anti-trust policy, to breakup monopolies
       environmental policy, toclean up the economy
       all of theabove


2. The labor force is ______. (Points: 1)
       the total of peopleemployed
       the totalpopulation
       the total of the populationof working age
       the total of peopleemployed and unemployed


3. Secular long-run growth is the sustainedupward trend in ______. (Points: 1)
       aggregate output per personover several decades
       nominal GDP overtime
       real GDP overtime
       aggregate output per personover the business cycle

Explanation / Answer

Among the tools available to macroeconomic policy makers is_______. (Points: 1)       fiscal policy, control ofgovernment spending, and taxation - This is used to adjustspending (more taxes means less spending andmore Government spending would help relieve recessionaryeconomy)        anti-trust policy, to break up monopolies - monopolycannot be formed in the first place since Sherman Anti-TrustAct is still in place (No one can be allowed 100% of marketshare, unless given patent or natural monopoly over regions)        environmental policy, toclean up the economy - not really, do not make anysense        all of theabove 2. The labor force is ______. (Points: 1)        the total of peopleemployed        the totalpopulation        the total of thepopulation of working age        the total of people employed and unemployed - Notevery one is in the labor force (people who gave up looking forjobs and house wives are examples that are not in the laborforce) 3. Secular long-run growth is the sustainedupward trend in ______. (Points: 1)        aggregate output per person over severaldecades - that's where the answer came from:http://answers.yahoo.com/question/index?qid=20080619082624AAmAbXy        nominal GDP overtime        real GDP overtime        aggregate output perperson over the business cycle

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