Remaining Thme: T hour, 06 v Question Completion Status: Question 9 4 points Mon
ID: 1130282 • Letter: R
Question
Remaining Thme: T hour, 06 v Question Completion Status: Question 9 4 points Monetary and fiscal policies are designed to combat cyclical unemployment rather than frictional or seasonal True O False 4points Save An Question 10 Which of the following is the most likely to be the first indicator of a recession occurring? O Fall in unemployment rate O Increase in labor productivity O Encouraged worker effect Fall in labor productivity 4 points Save Answe Question 11 The transformation of productive resources such as labor and capital into useful goods and services at the firm is more correctly called production than consumption O True False 4 points Save Answer Question 12 Which of the following is a government transfer payment? O compensation to employees O corporate profits O excise taxes O Medicaid Question 13 LGExplanation / Answer
9 ) True
The main agenda of a fiscal or a monetary policy is to reduce cyclical fluctuations in the economic indicators like inflation and unemployment, and not seasonal or frictional.
10) Fall in Labor Productivity
This causes a decline in GDP due to decrease in output produced, and thus giving a trigger to economic recession.
11) True
Production is defined as the conversion of inputs like capital and human labor into goods and services whereas consumption is defined as the usage of such goods and services for deriving utility.
12) Medicaid
Medical aid by government is a tranfer payment to it's citizens.