Question

QUESTION 23 Which of the following shifts aggregate demand to the left? a. The price level falls. b. The dollar depreciates for some reason other than a change in the price level. c. Stock prices fall for some reason other than a change in the price level. d. The price level rises.

QUESTION 24

1. Aggregate demand shifts left when the government

   	a.	decreases taxes.
   	b.	cuts military expenditures.
   	c.	creates a new investment tax credit
   	d.	None of the above is correct.

QUESTION 25

1. Aggregate demand shifts right when the government

   	a.	raises personal income taxes.
   	b.	increases the money supply.
   	c.	repeals an investment tax credit.
   	d.	All of the above are correct.

QUESTION 30

1. Which of the following shifts long-run aggregate supply right?

   	a.	an increase in either the physical or human capital stock
   	b.	an increase in the human but not the physical capital stock
   	c.	an increase in the physical capital stock, but no the human capital stock
   	d.	neither an increase in the physical capital stock or the human capital stock

QUESTION 31

1. The discovery of a large amount of previously-undiscovered oil in the U.S. would shift

   	a.	the long-run aggregate-supply curve to the right.
   	b.	the long-run aggregate-supply curve to the left.
   	c.	the aggregate-demand curve to the left.
   	d.	None of the above is correct.

Answer 1

23) c. Stock prices fall for some reason other than a change in the price level.

24) b. cuts military expendiure

25) b. Increases money supply

30) a. An increase in either the physical or human capital stock

31) a. the long-run aggregate-supply curve to the right.