Trang chủ 25. Test - Economics - No 21





Which one of the following factors will most likely cause an increase in aggregate demand?



If a country has attracted a relatively large number of foreign workers and a large amount of foreign

Investment, then



Other things being equal, the slope of the Keynesian aggregate expenditure schedule will increase as

The result of a(n)

Monetary policy involves manipulation of ________. This is most often accomplished by changing

________.



The type of unemployment that increases as the economy sinks into a recession is called



A country has a total civilian population of 91 million, of which 72 million are over the age of 16, all of

Whom are ready to accept work. 52 million people have full-time jobs and 11 million have part-time

Jobs. The unemployment rate and the employment/population ratio equal:



If inflation is higher than expected this will benefit ________ while harming ________.



The permanent income hypothesis implies that the consumption component of aggregate demand will




Within the AD/AS model, how does an economy adjust to an output beyond the economy's long-run

Capacity (such as would result from an unanticipated increase in aggregate demand)?



Economists use the phrase "business cycle" when referring to fluctuations in



Inflation tends to be self-perpetuating because of tendencies of consumers to _________ and

Producers to ________.



Large denomination money market mutual funds are part of the ________ money supply.



Which of the following will most likely accompany an unanticipated increase in aggregate demand?

Fiscal policy involves:



If the increase in nominal GDP equals 6% and the increase in the real GDP equals 4%, the GDP

Deflator has:



To stimulate a sluggish economy, which of the following would be advocated by a Keynesian?

I. Cutting taxes.

II. Increasing budgetary spending.

III. Increasing money supply.

IV. Lowering interest rates.




Congress passes a law stating that the government will pay up to $1,500 each month to any laid-off

Worker for up to one year or until s/he finds a new job. Assume all other government spending

Programs remain constant and tax policy does not change. How would economists categorize such a

Law?



Which of the following is the most common method used by central banks to enact monetary policy?



You have been given the following macroeconomic information for a given year:

Personal consumption = 3,000; Indirect business taxes = 425

Depreciation = 120; Gross private investment = 2,200

Government expenditures = 1,300; Imports = 2,300

Exports = 2,600; Employee income = 225

Corporate profits = 700; Government investments = 900

The GDP, calculated using the Expenditure approach, equals ________.




Which of the following would not be an expected impact of debt-financed new government spending?