Which of the following would be most likely to cause an increase in current aggregate demand in the United States?

ECN 151 Exam 3 SP23

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Ashleigh Gray
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A recession in Canada, Mexico, and Western Europe
An increase in the real interest rate
Sharp increase in the value of stocks owned by Americans
Increased fear that the US economy was going into a recession
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would be most likely to cause an increase in current aggregate demand in the United States?
A recession in Canada, Mexico, and Western Europe
An increase in the real interest rate
Sharp increase in the value of stocks owned by Americans
Increased fear that the US economy was going into a recession
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following will most likely accompany an unanticipated increase in aggregate demand?
A decrease in real GDP
An increase in real output
An increase in unemployment
A decrease in the demand for resources
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following will most likely result from an unanticipated decrease in aggregate supply due to unfavorable weather conditions in agricultural areas?
An increase in the natural rate of unemployment
An increase in the general level of prices
A decrease in unemployment
A decrease in inflation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in the long-run aggregate supply curve indicates that
Potential real GDP has increased
The natural rate of unemployment has increased
The general level of prices has increased
Unemployment has increased
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When output is less than the economy’s long-run capacity, which of the following is most likely to occur?
A sharp increase in imports
An abnormally low rate of unemployment
A government budget surplus
Reductions in real interest rates and resource prices
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would a Keynesian economist be most likely to stress?
You cannot spend your way out of a recession
Supply creates its own demand
When the unemployment rate is high, wages will fall
Businesses will not produce goods and services if they do not think people will buy them.
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