Macroeconomic Aims
What macroeconomic goal does the government hope to achieve in reducing unemployment?
full employment
The two major tools of fiscal policy are government spending and ________.
tax
Which institution is responsible for monetary policy?
Central bank
What is the phenomenon of sustained price increases called?
inflation
A decrease in GDP means an economic recession. （T/F）
T
What is the type of short-term unemployment that still exists when fully employed (such as unemployment when changing jobs)?
frictional unemployment
Is government tax reduction an expansionary or contractionary fiscal policy during an economic recession?
Expansionary
Is the central bank's interest rate hike an expansionary or contractionary monetary policy?
contractionary monetary policy
The harm of deflation includes a decrease in corporate profits and ________ (hint: related to employment).
Rising unemployment rate
Should we adopt expansionary fiscal or monetary policies when corporate investment decreases and unemployment rates rise?
expansionary fiscal
The four major macroeconomic goals include economic growth, full employment, balance of international payments, and ________.
Price stability
What type of fiscal policy measure is issuing consumption vouchers to stimulate the economy during the epidemic?
Increase government spending
One of the core objectives of monetary policy is to control ________ (related to prices).
Inflation
Malignant inflation may lead to the loss of currency (such as the ability to purchase goods).
value
Is China Bank a central bank?
No