Pearson 19 supply side

Advocates of supply-side economics argue that spending by the federal government _______. 

• helps stimulates economic growth
• has no effect on economic growth
• slows economic growth
• can crash the economy completely 

Supply-siders generally favor _______. 

• tax increases
• decreases in demand
• deregulation
• government intervention

Which characteristic of money do precious stones not have?

• uniformity
• acceptable
• limited supply
• durability

When the government spends more in a year than it brings in they run a

• deficit
• debt
• surplus
• default

Laissez-faire economics holds which of the following to be true?

• The government should not take an active role in the economy.
• The government should do everything possible to reduce unemployment.
• The government should lower interest rates during a recession.
• The government should actively intervene in the economy.

Liberalisation implies 

• greater role of public sector
• reduction in govt. control over the private sector
• free economy with no controls
• none of these

Which one of the following is NOT a supply side policy?

• the government increasing competition in all industries
• the government reducing import controls
• the government investing in training and education
• the government privatising national industries

This economic model encourages lowering taxes on the wealthy and discourages the use of monetary policies to affect the economy.

• Supply-Side
• Demand-Side
• Voodoo Economics
• Keynesian

the origin of supply side economics is 

• keynesian economics 
• monetarist economics 
• neo classical economists 
• post marxist reform economists 

which is not a form of market based supply side policy 

• allowing in more foreign banks 
• making labour costs cheaper 
• offering incentives to encourage productivity 
• spending less government money and not relying on a deficit