Strayer BUS 100 Quiz 3 Chapter 3
1. Demand is defined as
2. When tax revenue is higher than government expenditures, the government incurs a
3. The economy, as a system, represents the
4. _____ refers to actions that shape the economy by influencing interest rates and the supply of money.
5. In the broadest sense, economics studies the choices that
STATUS
6. _____ is a structure for allocating scarce resources
7. _____ measures the total value of all final goods and services produced within a nation’s borders over a given period of time
8. Changes in the PPI can predict changes in the Consumer Price Index (CPI) because
9. A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow
10. In the U.S., the control of the money supply is the responsibility of the
