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QUESTION 53 • 1 POINT Which of the following will not cause inflationary pressures in the...
1. 2. 3. 4. 5. QUESTION 9.1 POINT Which of the following is not an example...
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QUESTION 9.1 POINT Which of the following is not an example of an economic model Select the correct answer below: the production possibilities frontier O the demand and supply framework o the market price of a good o the flow of payments in the economy FEEDBACK QUESTION 10 . 1 POINT Which of the following are considered financial intermediaries Select the correct answer below: insurance companies O pension funds banks O All of the above....
Multiple Choice Questions Question 1 (1 point) Which of the following is a microeconomic question (not...
Multiple Choice Questions Question 1 (1 point) Which of the following is a microeconomic question (not a macroeconomic question)? Will raising cigarette taxes cause cigarette sales to fall? Will a decrease in the income tax rate help the economy recover from a recession? What is the effect of a recession on the number of people who are employed and the total number of workers in the economy who lose their job? Will an increase in consumer spending cause higher inflation?
(6) Imagine that the economy is in a recession. Which one of the following tactics is...
(6) Imagine that the economy is in a recession. Which one of the following tactics is a way to increase output by shifting aggregate demand outward? Raising taxes to increase the government surplus Increasing government spending Increasing the required reserve ratio Imposing tariffs on foreign goods (7) In the short run, supply shocks cause prices to __________ and the quantity demanded to __________. increase; increase increase; decrease decrease; increase decrease; decrease (8) Good deflation...
19. Which of the following explains why the government should not increase spending by the entire...
19. Which of the following explains why the government should not increase spending by the entire amount of the AE shortfall to move the economy to full employment? A. Price level changes will make up for the difference between the fiscal stimulus and the AE shortfall. B. The multiplier process will contribute to an additional increase in aggregate demand that will cause an inflationary gap. C. The government can increase taxes to create an additional increase in aggregate expenditure. D....
Which of the following statements is not correct? A. The Fed was created in 1913 to...
Which of the following statements is not correct? A. The Fed was created in 1913 to provide central banking functions. B. The Fed is a central bank of the U.S.; it plays a role in regulating banks; and it is responsible for conducting the nation's monetary policy C. The Fed makes loans to any qualified business that requests one. D. Federal Open Market Committee makes decisions regarding monetary policy. QUESTION 56 Which of the following statements is not true? A....
te G Which of the follo... True O False Question 13 4 pts A change in...
te G Which of the follo... True O False Question 13 4 pts A change in the money supply or a change in velocity will change aggregate demand, which causes the aggregate demand curve to shift. O True O False Question 7 4 pts Suppose the economy is at below full employment. To improve this situation, Keynesian economists might propose that the government should expenditures, which will cause the aggregate demand curve to shift to the in an attempt to...
(1) Which of the following is not a tool of fiscal policy? Government spending Taxes Tax...
(1) Which of the following is not a tool of fiscal policy? Government spending Taxes Tax incentives Private investment (2) Which of the following statements helps to explain why the economy can be slow to recover from a recession? Workers are less motivated because of reduced expectations, which reduces total output. There is not as much money in circulation to fuel new investment. Wages do not fall quickly, which delays an adjustment to a higher output level....
1.) In the Keynesian framework, which of the following events might cause a recession? Which might...
1.) In the Keynesian framework, which of the following events might cause a recession? Which might cause inflation? Sketch AD/AS diagrams to illustrate your answers. a.) A large increase in the price of the homes people own. b.) Rapid growth in the economy of a major trading partner. c.) The development of a major new technology offers profitable opportunities for business. d.) The interest rate rises. e.) The good imported from a major trading partner become much less expensive. 2.)...
1 pts D Question 9 Let's assume that the economy is experiencing a recession. A government...
1 pts D Question 9 Let's assume that the economy is experiencing a recession. A government economist advises the president to put pressure on the Federal Reserve Chair to increase the money supply. She also recommends for the government to increase spending on Social Security, welfare programs, roads, highways and other construction projects. According to our text, what are potential disadvantages if this recommendation is implemented? The economy will grow too fast in the short run and unemployment will fall...
QUESTION 1 Price level AS P1 P2 AD1 AD2 Y2 Y1 Real national output Which of...
QUESTION 1 Price level AS P1 P2 AD1 AD2 Y2 Y1 Real national output Which of the following would cause the shift in the AD curve (from ADto AD2) shown in the diagram above? A. The government increases interest rates B. The rate if income tax is reduced CA depreciation of the US dollar An improvement in technology QUESTION 2 Which combination of fiscal policies would be the most expansionary? A. an increase in government spending and an increase in...
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QUESTION 9.1 POINT Which of the following is not an example of an economic model Select the correct answer below: the production possibilities frontier O the demand and supply framework o the market price of a good o the flow of payments in the economy FEEDBACK QUESTION 10 . 1 POINT Which of the following are considered financial intermediaries Select the correct answer below: insurance companies O pension funds banks O All of the above....
Multiple Choice Questions Question 1 (1 point) Which of the following is a microeconomic question (not a macroeconomic question)? Will raising cigarette taxes cause cigarette sales to fall? Will a decrease in the income tax rate help the economy recover from a recession? What is the effect of a recession on the number of people who are employed and the total number of workers in the economy who lose their job? Will an increase in consumer spending cause higher inflation?
19. Which of the following explains why the government should not increase spending by the entire amount of the AE shortfall to move the economy to full employment? A. Price level changes will make up for the difference between the fiscal stimulus and the AE shortfall. B. The multiplier process will contribute to an additional increase in aggregate demand that will cause an inflationary gap. C. The government can increase taxes to create an additional increase in aggregate expenditure. D....
Which of the following statements is not correct? A. The Fed was created in 1913 to provide central banking functions. B. The Fed is a central bank of the U.S.; it plays a role in regulating banks; and it is responsible for conducting the nation's monetary policy C. The Fed makes loans to any qualified business that requests one. D. Federal Open Market Committee makes decisions regarding monetary policy. QUESTION 56 Which of the following statements is not true? A....
te G Which of the follo... True O False Question 13 4 pts A change in the money supply or a change in velocity will change aggregate demand, which causes the aggregate demand curve to shift. O True O False Question 7 4 pts Suppose the economy is at below full employment. To improve this situation, Keynesian economists might propose that the government should expenditures, which will cause the aggregate demand curve to shift to the in an attempt to...
1 pts D Question 9 Let's assume that the economy is experiencing a recession. A government economist advises the president to put pressure on the Federal Reserve Chair to increase the money supply. She also recommends for the government to increase spending on Social Security, welfare programs, roads, highways and other construction projects. According to our text, what are potential disadvantages if this recommendation is implemented? The economy will grow too fast in the short run and unemployment will fall...
QUESTION 1 Price level AS P1 P2 AD1 AD2 Y2 Y1 Real national output Which of the following would cause the shift in the AD curve (from ADto AD2) shown in the diagram above? A. The government increases interest rates B. The rate if income tax is reduced CA depreciation of the US dollar An improvement in technology QUESTION 2 Which combination of fiscal policies would be the most expansionary? A. an increase in government spending and an increase in...
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