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1. What would most likely happen if Congress decreased taxes and increased spending?

Economic contraction

Economic expansion

Economic stability

Economic stagnation

2. The Federal Reserve includes twelve

governing bodies

regional banks

member offices

city officials

3. The country of Lilliput has low unemployment and high consumer spending, and small businesses are thriving. However, prices are starting to rise throughout the economy. What should Lilliput's government do to prevent inflation from happening?
Lower the income tax, which gives citizens less money to spend, and buy services from civilian-owned businesses, which creates more jobs.

Lower the income tax, which gives citizens more money to spend, and buy more services from civilian-owned businesses, which creates more jobs.

Raise the income tax, which gives citizens less money to spend, and stop buying services from civilian-owned businesses, which eliminates jobs.

Raise the income tax, which gives citizens less money to spend, and buy more services from civilian-owned businesses, which creates more jobs.

4. The accumulation of years of spending more money than is collected in revenues over several years creates a budget

debt

deficit

surplus

reversal

5. Lowering the discount rate can promote full employment because

employees are more likely to apply for multiple jobs

employees are able to get better offers for hourly wages

companies are more likely to expand and hire more workers

companies are less likely to sign up employees for unemployment insurance

Respuesta :

meerkat18
The questions are asking to choose among the following choices to your questions, and base on my research, the answers to your questions are the following, I hope that this would help
#1 Economic contraction.
#2 regional banks 
#3  raise the income tax, which gives citizens less money to spend, and buy more services from civilian - owned businesses, which creates more jobs. 
#4  debt 
#5  companies are more likely to expand and hire more workers 

1. What would most likely happen if Congress decreased taxes and increased spending? Economic contraction. An economic contraction is phase within the business cycle where the entire economy is in a decline. 


2. The Federal Reserve includes twelve regional banks. The Federal Reserve System is the central banking system of the United States of America. This system has give general functions it does which helps the operation of the United States economy as a whole. 


3. The country of Lilliput has low unemployment and high consumer spending, and small businesses are thriving. However, prices are starting to rise throughout the economy. What should Lilliput's government do to prevent inflation from happening?

Raise the income tax, which gives citizens less money to spend, and buy more services from civilian-owned businesses, which creates more jobs. Low unemployment means that the country of Lilliput is able to employee the majority of the country who are willing and able to work. Due to so many people working, the spending is high because they all are making money to spend. 


4. The accumulation of years of spending more money than is collected in revenues over several years creates a budget debt. A budget debt refers to the debt that is accumulating even though there is a set and strict budget that should be followed. 


5. Lowering the discount rate can promote full employment because companies are more likely to expand and hire more workers. The distinct rate is the minimum interest rate that the Federal Reserve sets when it lends money to other banks. By lending this money, companies are able to expand which would increase the amount of workers that can be hired. 

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