Run the policy gates

Exercise and reference answers

Questions

1. Correct

   Expansionary

   Choices

   1. Expansionary
   2. Contraction
   3. Neither

2. Correct

   Contraction

   Choices

   1. Expansionary
   2. Contraction
   3. Neither

3. Correct

   Recession

   Choices

   1. Recession
   2. Boom
   3. Neither

4. Correct

   Boom

   Choices

   1. Recession
   2. Boom
   3. Neither

5. Correct

   Deposit ins

   Choices

   1. Deposit ins
   2. Last resort
   3. Neither

6. Correct

   Last resort

   Choices

   1. Deposit ins
   2. Last resort
   3. Neither

Instructions

Pick the stance, then the state, then the protection.

Explanation