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Free U.S. Bureau of Labor Statistics (BLS) Economist Exam Exam Questions and Answers
Last updated: April 7, 2025
Examtopics U.S. Bureau of Labor Statistics (BLS) Economist Exam Prepaway Real Exam Questions and dumps free download
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U.S. Bureau of Labor
Statistics (BLS) Economist Exam
#Question
What does "economic liberalization" involve?
A.
Protecting domestic industries
B.
Increasing regulation
C.
Reducing government barriers to trade
D.
Increasing trade restrictions
#Question
How does inflation typically impact fixed-income earners?
A.
Stabilizes income
B.
Reduces their purchasing power
C.
Has no effect
D.
Increases their purchasing power
#Question
What is "purchasing power"?
A.
Total money supply
B.
Total consumer debt
C.
Value of money in terms of goods and services
D.
Government spending
#Question
How do changes in interest rates influence business investment?
A.
Both A and B
B.
Lower rates encourage investment
C.
No effect
D.
Higher rates discourage investment
#Question
What is the main objective of monetary policy?
A.
Manage inflation and stabilize currency
B.
Increase government spending
C.
Control fiscal policy
D.
Regulate trade
#Question
How can rising raw material prices impact the overall economy?
A.
Increase employment
B.
Increase production costs
C.
Stabilize prices
D.
Decrease production costs
#Question
What does "crowding out" refer to in economics?
A.
Reduced private investment due to government borrowing
B.
Decreased public debt
C.
Increased government spending
D.
Increased private investment due to government spending
U.S. Bureau of Labor Statistics (BLS) Economist Exam
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