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How would the us government most likely react to a boom in the economy?
Increase government spending in order to stimulate the economy
How would the U.S. government most likely react to a boom in the economy?
raise taxes to avoid-out-of-control economic growth
How would the US government most likely react to a slump in the economy?
Lower taxes to make it easier for consumers and businesses to spend money.
How did the Mexican government react to the founding of liberty?
How did the mexican government react to the founding of liberty?
How did the American react to being the superpower?
Economy in the 1980s
How did management react and government react to the labor movement?
help
Which of the following terms best describes an economy in which producers of goods and services react to consumer choices?
market economy
How did the south African government react to the wind of change speech?
How did the south African government react to the speech? "Wind of change".
How do individuals and the government influence the economy?
The government determines the policy such as taxation and interest rates. This of course has a great effect on the economy as a whole but also on the individual. Individuals are the ones who react to the policy one way or the other and basically play out the hand of cards the government has dealt. With that being said there is also great power in the hands of the individual and the basic laws of economics are based on the individual acting in a certain way in order to maximize his or her profit.
How do individuals and the government influences the economy?
The government determines the policy such as taxation and interest rates. This of course has a great effect on the economy as a whole but also on the individual. Individuals are the ones who react to the policy one way or the other and basically play out the hand of cards the government has dealt. With that being said there is also great power in the hands of the individual and the basic laws of Economics are based on the individual acting in a certain way in order to maximize his or her profit.
How does the price system in a free market economy react to shortage of commodity?
Higher prices
In which type of economy are the producers of the goods in services able to react to consumer choices?
market
