ECON 201 Study Guide - Quiz Guide: Capital Market, Business Cycle, Aggregate Supply

• School: University of Maryland
• Department: Economics
• Course: ECON 201
• Professor: All

Document Summary

Written: jan 17, 2017 4:08 am - jan 17, 2017 6:22 am. Which of the following best describes a monetary policy tool? a) government spending b) taxes c) interest rates d) household savings. The two main tools of macroeconomic policy include monetary policy, and fiscal policy, which involves. __________ spending. a) capital market b) business c) household d) government. Which of the following is generally accepted as a valid criticism of the production of useful goods and services? a) economic freedom b) the black market c) environmental pollution d) government involvement. In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of: a) producers and input suppliers. b) all consumers. c) producers and government planning committees. d) buyers and sellers. In the ____________, households work and receive payment from firms. a) labor market b) financial capital market c) financial investment market d) savings market.