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Economic Policy Quiz
Public policy can be best defined as
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to ensure safety for its citizensto ensure that citizens' needs are metto solve the problem of povertyto ensure that the market is fair
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a course of action the government takes in response to an issue or problem.
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citizens' needs are met and protected.
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the money supply.
In a free enterprise system, what are the goals of government? Check all that apply.
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to ensure safety for its citizensto ensure that citizens' needs are metto solve the problem of povertyto ensure that the market is fair
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a course of action the government takes in response to an issue or problem.
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citizens' needs are met and protected.
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the money supply.
The best conclusion that can be drawn from the graph is that the number of nonfarm jobs
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governments, individuals, and businesses.
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regulatory policy.
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started going down in 2008.
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enjoy a steady rate of economic growth.
Which of these statements describes what the diagram is showing?
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NOT By 2012, the United States had solved its economic problems.
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Economic policy must reach a balance between needs and ideals.
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Identify a problem.
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ensuring that as many workers are employed as possible
An organization whose members have a common cause for which they seek to influence public policy is called an _________
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interest group
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the money supply.
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citizens' needs are met and protected.
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to ensure safety for its citizensto ensure that citizens' needs are metto solve the problem of povertyto ensure that the market is fair
Based on the scenario, who is most affected by the situation taking place within Country D?
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the government, workers, and businesses of Country D
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to ensure safety for its citizensto ensure that citizens' needs are metto solve the problem of povertyto ensure that the market is fair
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the money supply.
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citizens' needs are met and protected.
In a free enterprise system, governments address public problems through policy to ensure that
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to ensure safety for its citizensto ensure that citizens' needs are metto solve the problem of povertyto ensure that the market is fair
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the money supply.
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citizens' needs are met and protected.
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a course of action the government takes in response to an issue or problem.
Which is the best label for the first step in the process?
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regulatory policy.
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ensuring that as many workers are employed as possible
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enjoy a steady rate of economic growth.
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Identify a problem.
A government's monetary policy is its plan to control
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to ensure safety for its citizensto ensure that citizens' needs are metto solve the problem of povertyto ensure that the market is fair
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citizens' needs are met and protected.
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the money supply.
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a course of action the government takes in response to an issue or problem.
According to the scenario, what is the greatest economic challenge that Country D is facing?
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Identify a problem.
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regulatory policy.
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started going down in 2008.
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inflation
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