Trang chủ 19. Test - Economics - No 15





Which one of the following is incorrect regarding money?

Which of the following will most likely result from an unanticipated decrease in aggregate supply due to unfavorable weather conditions in agricultural areas?

The Central Bank decides to have the money supply increase by exactly 5% each year. Which of the following statements would be false?

If the inflation rate is 3.5%, how much will a basket of goods that currently costs $25 cost in 50 years?

If a recession is about to begin, the Keynesian view indicates that policy makers should

A nation has recently emerged from several years of war, in which the government used debt to support the war effort without raising taxes. Which of the following economic problems is this nation most likely facing?

Which of the following is/are accomplished by automatic stabilizers?
I. In a recession, they cause a greater budget deficit than would prevail in their absence.
II. In a recession, they cause a greater budget surplus than would prevail in their absence.
III. In a boom, they cause a greater budget deficit than would prevail in their absence.
IV. In a boom, they cause a greater budget surplus than would prevail in their absence.



Which of the following will most likely occur during the expansionary phase of a business cycle?

Which of the following will lead to an increase in aggregate demand in the U.S. ?

In year 0, $10 could purchase a certain basket of goods. In year 5, the identical basket of goods cost $13. What was the average annualized inflation rate during this period?

Which of the following would increase both GDP and GNP?

Which one of the following would add to this year's GDP?

Which of the following items is NOT used in calculating the GDP using the Resources Cost-income approach?

"The velocity of money is not affected by money supply." This view is held by:

Commercial depository institutions and the federal government are the only customers of ________.

Which of the following conditions would be necessary for spending increases to be an effective fiscal policy measure?
I. The government percentage of GDP is unusually high
II. The spending increases are offset by tax hikes
III. The legislation can be enacted and implemented well in advance of problematic unemployment
IV. GDP is currently below potential GDP



The government budget deficit is currently at 600 billion dollars. The government is following:

The fact that consumption demand is stable over the business cycle and that changes in real interest rates help redirect economic fluctuations can both be cited as evidence that

Some households and firms hold money balances so they can respond quickly to profit-making opportunities. This reason for holding money is known as

Which of the following would be officially classified as unemployed?