1. ast pygh inflation might be caused by A. falling in component costs B. increasing in labour costs C. higher indirect taxes imposed by government D. lower direct taxes imposed by government 2. Syamel has quit his job as an accountant to pursue his master degree. With degree in hand, he is now searching for a position in management. Currently, Syamel is O A. frictionally unemployed B. structurally unemployed O Ccyclically unemployed D. not a member of the labour force 3. What is the main purpose of contractionary fiscal and monetary policy? A. to increase the price level B. to reduce the interest rate O C to reduce the level of aggregate demand O D. to achieve an equal distribution of income

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
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1. Cast pysh inflation might be caused by
A. falling in component costs
B. increasing in labour costs
O C. higher indirect taxes imposed by government
D. lower direct taxes imposed by government
2. Syamel has quit his job as an accountant to pursue his master degree. With degree in hand, he is
now searching for a position in management. Currently, Syamel is
O A. frictionally unemployed
O B. structurally unemployed
O C. cyclically unemployed
D. not a member of the labour force
3. What is the main purpose of contractionary fiscal and monetary policy?
O A. to increase the price level
B. to reduce the interest rate
C. to reduce the level of aggregate demand
D. to achieve an equal distribution of income
Transcribed Image Text:1. Cast pysh inflation might be caused by A. falling in component costs B. increasing in labour costs O C. higher indirect taxes imposed by government D. lower direct taxes imposed by government 2. Syamel has quit his job as an accountant to pursue his master degree. With degree in hand, he is now searching for a position in management. Currently, Syamel is O A. frictionally unemployed O B. structurally unemployed O C. cyclically unemployed D. not a member of the labour force 3. What is the main purpose of contractionary fiscal and monetary policy? O A. to increase the price level B. to reduce the interest rate C. to reduce the level of aggregate demand D. to achieve an equal distribution of income
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