An increase in net exports will shift the AD curve to the: Group of answer choi
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An increase in net exports will shift the AD curve to the:
Group of answer choicesright by the same amount as the change in investment.right by a multiple of the change in investment.
left by the same amount as the change in investment.
left by a multiple of the change in investment.
Flag question: Question 2Question 21 pts
Other things equal, a decrease in the real interest rate will:
Group of answer choicesexpand investment and shift the AD curve to the right.reduce investment and shift the AD curve to the left.
expand investment and shift the AD curve to the left.
reduce investment and shift the AD curve to the right.
Flag question: Question 3Question 31 pts
The shape of the immediate-short-run aggregate supply curve implies that:
Group of answer choicesoutput prices are flexible, but input prices are not.government cannot bring an economy out of a recession by increasing spending.
total output depends on the volume of spending.
increases in aggregate demand are inflationary.
Flag question: Question 4Question 41 pts
Other things equal, a reduction in personal and business taxes can be expected to:
Group of answer choicesincrease both aggregate demand and aggregate supply.decrease aggregate demand and increase aggregate supply.
decrease both aggregate demand and aggregate supply.
increase aggregate demand and decrease aggregate supply.
Flag question: Question 5Question 51 pts
Graphically, the full-employment, low-inflation, rapid-growth economy of the last half of the 1990s is depicted by a:
Group of answer choicesrightward shift of the aggregate demand curve along a fixed aggregate supply curve.rightward shift of the aggregate supply curve along a fixed aggregate demand curve.
leftward shift of the aggregate demand curve and a leftward shift of the aggregate supply curve.
rightward shift of the aggregate demand curve and a rightward shift of the aggregate supply curve.
Flag question: Question 6Question 61 pts
The equilibrium price level and equilibrium level of real GDP occur at the intersection of the aggregate demand curve and the aggregate supply curve.
Group of answer choicesTrueFalse
Flag question: Question 7Question 71 pts
Which of the following are tools of fiscal policy to positively stimulate the economy?
[select all that apply]
Group of answer choicesdecreases in government spendingtax increases
increases in government spending
tax reductions
a combination of both decreasing government spending and increasing taxes
Flag question: Question 8Question 81 pts
The public debt is essentially the total accumulation of budget _______ that the Federal government has incurred over the years.
Group of answer choicessurpluseslaws
taxes
deficits
Flag question: Question 9Question 91 pts
A $70 price tag on a sweater in a department store window is an example of money functioning as a:
Group of answer choicesstandard of deferred paymentsmedium of exchange
store of value
unit of account
Flag question: Question 10Question 101 pts
The paper money used in the United States is:
Group of answer choicesNational Bank NotesTreasury Notes
Federal Reserve Notes
United States Notes
Flag question: Question 11Question 111 pts
Visualize the money demand and money supply curves. The vertical money supply curve, Sm, reflects the fact that:
Group of answer choicesbond prices and interest rates are inversely relatedlower interest rates result in lower opportunity costs of supplying money
the velocity of money is zero
the stock of money is determined by the Federal Reserve System and does not change when the interest rate changes
Flag question: Question 12Question 121 pts
The equilibrium rate of interest in the money market is determined by the intersection of the:
Group of answer choicessupply of money curve and the asset demand for money curvesupply of money curve and the transactions demand for money curve
supply of money curve and the total demand for money curve
investment demand curve and total demand for money curve
Flag question: Question 13Question 134 pts
a. On the planet Tatooine, Republic Credits are seen as a valid form of money. How would this be possible? Please give a thorough examination and explanation.
b. If a person from Tatooine were to magically appear in America and attempt to use their Republic Credits to a make a purchase, would they be able to? Why or why not?
In your answer, please fully define all economic terms used.
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pView keyboard shortcutsAccessibility Checker0 wordsSwitch to the html editorFullscreenFlag question: Question 14Question 144 pts
What are the differences and/or similarities between the supply curve and the aggregate supply curve?
In your answer, please be sure to address and define any relevant terms, such as: the axis on the graph(s), the overall shape of each curve, the reason behind the shape of each curve, what these concepts are measuring, when they might be relevant/used within economics etc.
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