1a cut in government spending a decrease in income abroad

Assignment Help Microeconomics

Reference no: EM13377338

1)A cut in government spending, a decrease in income abroad, an increase in taxes, or an expectation that future consumer income will fall will all cause aggregate:

A) demand to shift outward

B) demand to shift inward

C) supply to shift outward

D) supply to shift inward

E) supply and aggregate demand to both shift equally inward

2) Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate demand curve will increase:

A) both the price level and real GDP

B)only real GDP

C)only the price level

D)real GDP and reduce the price level

3)Using the AD-AS model, if consumers and business become more optimistic about the future direction of the economy and increase spending, then:

A)aggregate demand will decrease

B)aggregate demand will increase

C)long-run aggregate supply will increase

D)long-run aggregate supply will decrease

Reference no: EM13377338

Questions Cloud

There are 20 million households in country x and 4 million : there are 20 million households in country x and 4 million of them are below the poverty line. what is the poverty

12 mrs smith is operating a firm in a competitive market : 12. mrs. smith is operating a firm in a competitive market. the market price is 6.50. at her profit-maximizing level of

You have been hired by nobody state university nsu as a : you have been hired by nobody state university nsu as a consultant to help the university with how to increase their

A paper mill is considering two types of pollution control : a paper mill is considering two types of pollution control equipment.neutralization -initial cost 700000annual chemical

1a cut in government spending a decrease in income abroad : 1a cut in government spending a decrease in income abroad an increase in taxes or an expectation that future consumer

1 a bank can lend out its excess reserves but not its : 1 a bank can lend out its excess reserves but not its required reserves.a trueb false2 a bank creates money when ita

Hurricane delayed the cash inflows that the managers of : hurricane delayed the cash inflows that the managers of firm metro expected from a project that being built and

If the ce if the of pepsi-cola increases from 40 cents to : if the ce if the of pepsi-cola increases from 40 cents to 50 cents per can and the quantity demanded decreases from 100

Wh of the following statements is correcta : which of the following statements is correct?a managerial decisions are affected primarily by microeconomic

User Account

All Pages