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How would the us government most likely react to a boom in the economy?
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∙ 6y ago
Increase government spending in order to stimulate the economy
Elicia Jones
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How would the U.S. government most likely react to a boom in the economy?
raise taxes to avoid-out-of-control economic growth
How would the US government most likely react to a slump in the economy?
Lower taxes to make it easier for consumers and businesses to spend money.
How would a government most likely respond to a slowdown in the economy?
Lowering taxes in order to stimulate spending
What type of economy has the government make all choices?
Command Economy
Who would you most likely find particpating in a market economy?
A government official deciding how much wheat to plant this season
How would the U.S. government most likely react to a boom in the economy?
raise taxes to avoid-out-of-control economic growth
How would the US government most likely react to a slump in the economy?
Lower taxes to make it easier for consumers and businesses to spend money.
Under what circumstances would the government most likely raise taxes?
The economy is growing rapidly.
Which fiscal policy strategy would the federal government most likely use to stablize the economy?
The fiscal policy strategy that the Federal government would most likely use to stabilize the economy during times of inflation is to raise taxes. However, they could also decrease government spending.
How would a government most likely respond to a slowdown in the economy?
Lowering taxes in order to stimulate spending
What type of economy has the government make all choices?
Command Economy
Who would you most likely find particpating in a market economy?
A government official deciding how much wheat to plant this season
In which type of economy would prices be set by the government?
command economy
In the 1790s a federalist would most likely have supported what?
a national bank, a limited national government, an economy based on farming, and the strict interpretation of the Constitution.
How would the Chinese economy be characterized?
china's economy is a centrally planned economy with a high level of government control
What was the whig position of the economy?
They believed that the government should spend money to help the economy.
How might citizens most likely react to their country's imperialist activites during the age of discovery?
citizens would be wary of the methods used by the government to acquire new power?
