1) Generally if a county(the domestic county) has a trade deficit, if will correct itself

by:

A) the domestic currency getting weaker

B) the domestic currency getting stronger

C) using tariffs to slow the imports

D) increased gov. Spending

2)inflation and unemployment are tradeoffs under which economic view.

A) Neoclassical B) Isolationist C )Keynesian D) all of the above

3) increasing the requires reserves will:

A) increase money supply

B)decrease money supply

C) Not affect the money supply

D) you need the reserves on hand to answer

4)which of the following is a correct fiscal policy initiative during a recession?

A)tax increase

B) required reserve increase

C)government spending increase

D) discount rate increase