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QUESTION 21 2 C1 0 Income Refer to the given graph. A shift of the consumption...
Question 25 (2.5 points) Which of the following would cause a downward shift in the consumption...
Question 25 (2.5 points) Which of the following would cause a downward shift in the consumption function? a tax decrease an increase in wealth a stock market crash a decrease in the price level expectations of higher future income Question 26 (2.5 points) According to supply-side economists, the by curve will shift to the caused AD; right; more investment AD; left; more saving AS; right; more investment AS; left; more saving money supply; right; lower interest rates Question 28 (2.5...
Question 16 1 pts In the aggregate expenditures model of the economy, a downward shift in...
Question 16 1 pts In the aggregate expenditures model of the economy, a downward shift in aggregate expenditures can be caused by a decrease in government spending or an increase in taxes. taxes or an increase in government spending. interest rates or a decrease in taxes. saving or an increase in government spending Question 18 As disposable income decreases, consumption and saving both increase. and saving both decrease. increases and saving decreases. decreases and saving increases. Question 19 1 pts...
11 & 12 Use the following graph for questions 11 & 12. AS, Price level Real...
11 & 12
Use the following graph for questions 11 & 12. AS, Price level Real domestic output, GDP 11. In the above diagram, a shift from ASi to AS3 might be caused by a(n): A. increase in productivity B. decrease in the prices of imported resources C. increase in the prices of domestic resources D. decrease in business taxes. 12. In the above diagram, a shift from AS1 to AS2 might be caused by a(n): A. decrease in productivity...
QUESTION 17 45° C 2 Disposable Income 3 Refer to the consumption schedule shown in the...
QUESTION 17 45° C 2 Disposable Income 3 Refer to the consumption schedule shown in the graph. As income falls from level 3 to level 2, the amount of consumption decreases and the amount of dissaving decreases consumption decreases and the amount of saving increases. consumption increases and the amount of dissaving increases consumption decreases and the amount of saving decreases.
3,4,5 please! QUESTION 3 An increase in planned real investment spending causes O a shift of...
3,4,5 please!
QUESTION 3 An increase in planned real investment spending causes O a shift of the C+I+ G+X curve and a movement along the aggregate demand curve. O a shift of the C + I+ G +X curve that causes the aggregate demand curve to shift. O a shift of the C+1+ G+X curve but has no effect on the aggregate demand curve. a movement along the C + I+ G+X curve and a shift of the aggregate demand...
Saved Refer to the graph shown. A movement from A to B is most likely to...
Saved Refer to the graph shown. A movement from A to B is most likely to be caused by: SAS1 SASO Price level Yo Y Real output Multiple Choice o an increase in input prices. o a decrease in input prices. o an increase in aggregate demand. o a decrease in aggregate demand.
ce Level Long Run Aegregate Supply 110 LRAS 1 105 100 95 13 5 14.5 15.5...
ce Level Long Run Aegregate Supply 110 LRAS 1 105 100 95 13 5 14.5 15.5 165 Real GDP or Output amlbon of 2009 dollars Refer to the economic model pictured above: Decrease in price levels from 105 to 100 will cause Real GDP to O remain constant in the long run increase to 16.5 trillion in the long run O decrease to 13.5 trillion in the long run O increase to 15.5 trillion in the long run Price Level...
1. According to Keynesian theory, the primary determinant of the level of consumption and saving in...
1. According to Keynesian theory, the primary determinant of the level of consumption and saving in the economy is the: a. level of investment. c. level of prices. b. level of income. d. interest rate. 2. If a family's MPC is. 7, it is: a. spending 70 percent of its income on consumer goods. b. necessarily dissaving. c. spending seventenths of any increment to its income d. operating at the breakeven point. The size of the MPC is assumed to...
A decrease in the price level causes households to purchase more goods and services. This is...
A decrease in the price level causes households to purchase more goods and services. This is illustrated on the AD/AS model as a shift of the aggregate demand curve to the right. Select one: True False A realistic unemployment rate in the U.S. that corresponds with a real GDP growth rate of 0.5 percent growth would be a rate that is above 5 percent. Select one: True False Suppose a stock market crash makes people feel less wealthy. The decrease...
ents is true concerning the consumption function et e n between ale Ince ction lies above...
ents is true concerning the consumption function et e n between ale Ince ction lies above the 45-degree line, then that is independent of the level of disposable income is a. It alopes upward. b. Ito alope equals the MC. It represents the direct positive relation naumption spending and the level of real If the consumption function lies above saving is positive. e. All of the above. 9. Consumption spending that is independent of the known as: a marginal consumption....
Question 25 (2.5 points) Which of the following would cause a downward shift in the consumption function? a tax decrease an increase in wealth a stock market crash a decrease in the price level expectations of higher future income Question 26 (2.5 points) According to supply-side economists, the by curve will shift to the caused AD; right; more investment AD; left; more saving AS; right; more investment AS; left; more saving money supply; right; lower interest rates Question 28 (2.5...
Question 16 1 pts In the aggregate expenditures model of the economy, a downward shift in aggregate expenditures can be caused by a decrease in government spending or an increase in taxes. taxes or an increase in government spending. interest rates or a decrease in taxes. saving or an increase in government spending Question 18 As disposable income decreases, consumption and saving both increase. and saving both decrease. increases and saving decreases. decreases and saving increases. Question 19 1 pts...
11 & 12
Use the following graph for questions 11 & 12. AS, Price level Real domestic output, GDP 11. In the above diagram, a shift from ASi to AS3 might be caused by a(n): A. increase in productivity B. decrease in the prices of imported resources C. increase in the prices of domestic resources D. decrease in business taxes. 12. In the above diagram, a shift from AS1 to AS2 might be caused by a(n): A. decrease in productivity...
QUESTION 17 45° C 2 Disposable Income 3 Refer to the consumption schedule shown in the graph. As income falls from level 3 to level 2, the amount of consumption decreases and the amount of dissaving decreases consumption decreases and the amount of saving increases. consumption increases and the amount of dissaving increases consumption decreases and the amount of saving decreases.
3,4,5 please!
QUESTION 3 An increase in planned real investment spending causes O a shift of the C+I+ G+X curve and a movement along the aggregate demand curve. O a shift of the C + I+ G +X curve that causes the aggregate demand curve to shift. O a shift of the C+1+ G+X curve but has no effect on the aggregate demand curve. a movement along the C + I+ G+X curve and a shift of the aggregate demand...
Saved Refer to the graph shown. A movement from A to B is most likely to be caused by: SAS1 SASO Price level Yo Y Real output Multiple Choice o an increase in input prices. o a decrease in input prices. o an increase in aggregate demand. o a decrease in aggregate demand.
ce Level Long Run Aegregate Supply 110 LRAS 1 105 100 95 13 5 14.5 15.5 165 Real GDP or Output amlbon of 2009 dollars Refer to the economic model pictured above: Decrease in price levels from 105 to 100 will cause Real GDP to O remain constant in the long run increase to 16.5 trillion in the long run O decrease to 13.5 trillion in the long run O increase to 15.5 trillion in the long run Price Level...
1. According to Keynesian theory, the primary determinant of the level of consumption and saving in the economy is the: a. level of investment. c. level of prices. b. level of income. d. interest rate. 2. If a family's MPC is. 7, it is: a. spending 70 percent of its income on consumer goods. b. necessarily dissaving. c. spending seventenths of any increment to its income d. operating at the breakeven point. The size of the MPC is assumed to...
ents is true concerning the consumption function et e n between ale Ince ction lies above the 45-degree line, then that is independent of the level of disposable income is a. It alopes upward. b. Ito alope equals the MC. It represents the direct positive relation naumption spending and the level of real If the consumption function lies above saving is positive. e. All of the above. 9. Consumption spending that is independent of the known as: a marginal consumption....
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