Ask Question
BusinessBusiness
17 July, 19:28

Which statement best describes why a government's actions are important in macroeconomics? Check all that apply.

a. Government controls industry through policy.

b. Government is both a consumer and a producer.

c. Government can prevent changes and challenges.

d. Government can use policy to influence the economy.

e. Government can accurately predict economic trends.

+3
Answers (2)
  1. 17 July, 19:54
    0
    c, d and e are correct
  2. 17 July, 22:36
    0
    Answer: Option D, option A and option B.

    Explanation: The Government of a country takes several actions to keep the inflation or deflation in an economy controlled. There are two kinds of policies that a government can use for these objectives, that are, monetary policy and the other is fiscal policy.

    Using these policies the government controls economy and indirectly the industry as well.

    Government is the consumer for many services produced by the industry and also the producer of many services to the economy.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which statement best describes why a government's actions are important in macroeconomics? Check all that apply. a. Government controls ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What happens when there are only a few large customers in the market?
Answers (1)
Fanning Corporation expects to incur indirect overhead costs of $156,600 per month and direct manufacturing costs of $15 per unit. The expected production activity for the first four months of the year are as follows.
Answers (1)
On January 1st, Great Designs Company had a debit balance of $1,450 in the Office Supplies account. During the month, Great Designs purchased $115 and $160 of office supplies and journalized them to the Office Supplies asset account upon purchasing.
Answers (1)
The top governing body of a corporation is known as the incorporators. stockholders. management. officers. board of directors.
Answers (1)
Marshall Company purchases a machine for $200,000. The machine has an estimated residual value of $80,000. The company expects the machine to produce four million units. The machine is used to make 440,000 units during the current period.
Answers (1)
New Questions in Business
Diego has been hired as a consultant to review a company's contracting and purchasing procedures. He began by reviewing recent contracts that were awarded and ones that the company lost.
Answers (1)
When an individual sells a $100 bond to the Fed, she may either deposit the check she receives or cash it for currency. How do reserves, currency in circulation and monetary base change in the banking system?
Answers (1)
Company expects to produce and sell12,000 units for $80 DM costs are $8 DL is $40 MOH is $12 per unit Beginning inventory Target Ending inventory Finished goods inventory 800 units 1000 units What are the 2020 budgeted costs for direct materials,
Answers (1)
The board of directors of True Goods Inc., a company that has a large product mix, has decided to get actively involved in research and development for the next three financial years.
Answers (1)
What are the most important elements of Toyota's organizational structure
Answers (2)
Home » Business » Which statement best describes why a government's actions are important in macroeconomics? Check all that apply. a. Government controls industry through policy. b. Government is both a consumer and a producer. c.
Sign Up Forgot Password?