Read a passage from a speech given by President Barack Obama.Because of this plan, families who are struggling to pay tuition costs will receive a $2,500 tax credit . . . And Americans who have lost their jobs in this recession will be able to receive extended unemployment benefits.-President Barack Obama, February 4, 2009Which statement best explains this passage?It describes government measures to stimulate demand and bring about a recovery.It describes government measures to increase production and bring about a depression.It describes a shift in government policies during a trough on the business cycle.It describes a shift in government policies during a peak on the business cycle.
  • NOT DNOT B
  • A-- It describes government measures to stimulate demand and bring about a recovery.
  • NOOOOT by stopping government spending
  • As unemployment rates rise, average prices fall.
Which scenario best reflects the relationship between production and demand in a recession?a.) Car dealerships have minimal overstock.b.) Car dealerships are not restocking.c.) Car dealerships cannot sell their stock. d.) Car dealerships cannot obtain stock.
  • NOT DNOT B
  • NOT 1, 3, 4NOT 3, 4
  • 4, 3, 2, 1, 3
  • 2, 1, 3, 2
During a recession, what is one way governments try to encourage growth?by increasing unemployment benefitsby stopping government spendingby requiring firms to maintain productionby eliminating all tax breaks
  • NOOOOT by stopping government spending
  • NOT DNOT B
  • NOT 1, 3, 4NOT 3, 4
  • As unemployment rates rise, average prices fall.
Which event most likely explains renewed demand in a recovery period?a.) Increased employment means increased availability of funds.b.) Need, and therefore demand, increases as goods wear out.c.) Producers decrease prices to prompt demand and recovery.d.) Economic policy renews consumer confidence and, hence, demand.
  • 1,4, 5
  • NOT A
  • NOT 1, 3, 4NOT 3, 4
  • NOT DNOT B
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