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Which best describes the economic effect that results when the government increases interest rates and restricts the lending?
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What best describes the economic effect that results when the government increase interest rates and restricts the lending of money?
Borrowing money becomes more expensive and there is less investment in production.
Which of these describes the far right of the economic spectrum?
the government has no direct influence
Which best describes Eisenhower's approach to the role of government in economic affairs?
interventionist.
Which of these describes the economic theory of laissez-faire?
An economic system should be driven by free market forces, not government intervention. A+
Which situation most likely results when the government lowers interest rates to banks?
Economic activity increases.
What best describes the economic effect that results when the government increase interest rates and restricts the lending of money?
Borrowing money becomes more expensive and there is less investment in production.
Which of these describes the far right of the economic spectrum?
the government has no direct influence
Equity function of government?
which of these describes the far right of the economic spectrum
Which best describes Eisenhower's approach to the role of government in economic affairs?
interventionist.
Which of these describes the economic theory of laissez-faire?
An economic system should be driven by free market forces, not government intervention. A+
Which of the following best describes the economic effect that results from the government having budget surplus?
Demand increases, pushing producers to increase supply --> overal demand decreases, reducing the incentivefor producers to icrease production
Which the following describes a major legacy of the Progressive era?
That the government can act to fix the economic and political problems.that the government can act to fix economic and political problems - novanet
Which situation most likely results when the government lowers interest rates to banks?
Economic activity increases.
Which phrase best describes the economic policy of laissez- fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
Which phrase best describes the economic policy of laissez-fairs?
A laissez-faire economic policy involves a minimum of government interference in business.
A consequence of the economic problem of scarcity is that?
Scarcity restricts options and demands choices
What term describes the belief that economic problems can work themselves out in the marketplace without government help or controls?
Delusion
