Author Question: The total amount of money the government owes to its creditors is the A) federal debt. B) ... (Read 342 times)

naturalchemist · **on:** Jun 29, 2018

The total amount of money the government owes to its creditors is the

A) federal debt.
B) federal government budget deficit.
C) federal withholding tax.
D) federal fiscal IOU.

Question 2

How might government policies differ when attempting to reduce the three types of unemployment? Be specific.

What will be an ideal response?

firehawk60 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

If the government is attempting to reduce frictional unemployment, it would need to devise a way to do a better and faster job of matching workers and jobs.
If the government is attempting to reduce structural unemployment, it would need to address the underlying structural problem, such as setting up job training programs for the structurally unemployed.
If the government is attempting to address cyclical unemployment, it would need to find a way to get people to accelerate their own spending or find some way to replace the lost spending, such as increasing government spending.