Unit 45 On Economic Policy

3 Questions | Total Attempts: 44

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Unit 45 On Economic Policy

Unit 45 has to do with fiscal and monetary policies. It also deals with competition and education policies.


Questions and Answers
  • 1. 
    Fiscal policy deals with government spending and ____________________. (8)
  • 2. 
    Monetary policy controls the amount of _______________ (5) in the economy and the interest rates.
  • 3. 
    The price for a particular consumer durable1 was quoted as $45,345.50 in error.  The sales assistant had forgotten to add the VAT which was 17.5% at the time.  What is the correct price inclusive of VAT?1. A consumer durable is long-lasting product.
    • A. 

      $53,235.88

    • B. 

      $53, 266.43

    • C. 

      $53,280.96

    • D. 

      $53,244.55