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1. When individuals spend all of an income increase, the marginal propensity to save is zero....

1. When individuals spend all of an income increase, the marginal propensity to save is zero. True or False?

13. Which of the following could cause a recession?

Multiple Choice

  • An increase in aggregate supply

  • An increase in government spending

  • a decline in aggregate demand

  • a decline in unemployment

17. Aggregate Supply and Demand

Price Level Value of Aggregate Quantity Demanded Value of Aggregate Quantity Supplied
140 $1000 $1700
130 1200 1550
120 1400 1400
110 1600 1250
100 1800 1100

According to the Aggregate Supply and Demand table, at which of the following price levels would a surplus occur?

Multiple Choice

  • 130

  • 100

  • 120

19. Which of the following is NOT a component of aggregate demand?

Multiple Choice

  • net exports

  • income transfers

  • consumption

  • investment

28. The total amount of output producers are willing and able to produce at alternative price levels in a given time period is known as

Multiple Choice

  • aggregate demand.

  • real GDP.

  • macro equilibrium.

  • aggregate supply.

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Homework Answers

Answer #1

Then ble MPC-se sy Then mps=1-MPC=0 A decline in AD will lead to deureos in output & could lead to reussoi А simples our whenI

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