\[\begin{array} { c c c } \hline \begin{array} { c } \text { Aggregate demand } \\ \text { (quantity demanded, } \\ \text { in billions of dollars) } \end{array} & \text { Price level } & \begin{array} { c } \text { Aggregate supply } \\ \text { (quantity supplied, } \\ \text { in billions of dollars) } \end{array} \\ \hline \$ 100 & 150 & \$ 1,200 \\ 200 & 125 & 1,000 \\ 400 & 100 & 800 \\ 600 & 75 & 600 \\ 800 & 50 & 400 \\ 1,000 & 25 & 200 \\ \hline \end{array}\] -Refer to the aggregate demand and aggregate supply schedules in the exhibit.What is the equilibrium level of output?

A) 200 B) 400 C) 600 D) 800 A) 200 B) 400 C) 600 D) 800

Exam 6: Introduction to Macroeconomics

Suppose that firms expect greater demand for their products, invest in more capital, and hire more labour.Which of the following characterizes how the economy will be affected?

(Multiple Choice)

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Question 41

Which term refers to a period of sustained growth of output in the economy?

(Multiple Choice)

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Question 42

In terms of the aggregate demand and supply framework, how can the Great Depression be viewed?

(Multiple Choice)

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Question 43

Which of the following best describes the Keynesian approach to economic policy?

(Multiple Choice)

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Question 44

What is the aim of supply-side economics?

(Multiple Choice)

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Question 45

What did Keynes believe was the best method for ending the Great Depression?

(Multiple Choice)

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Question 46

According to John Maynard Keynes' The General Theory of Employment, Interest, and Money, what should the government do in order to get an economy out of a depression?

(Multiple Choice)

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Question 47

Which of the following is a lagging economic indicator?

(Multiple Choice)

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Question 48

Which of the following is a stock variable?

(Multiple Choice)

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Question 49

Which of the following best describes stagflation?

(Multiple Choice)

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Question 50

Which of the following news headlines is most closely related to what macroeconomists study?

(Multiple Choice)

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Question 51

Consider the period between 1929 and the depth of the Great Depression in 1933.In terms of aggregate demand and aggregate supply, which of the following best describes what happened in Canada during this period?

(Multiple Choice)

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Question 52

Which of the following best explains what inflation is?

(Multiple Choice)

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Question 53

Which of the following is NOT a flow variable?

(Multiple Choice)

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Question 54

Which of the following events did NOT occur in the 1970s?

(Multiple Choice)

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Question 55

Aggregate demand (quantity demanded, in billions of dollars) Price level Aggregate supply (quantity supplied, in billions of dollars) \ 100 150 \ 1,200 200 125 1,000 400 100 800 600 75 600 800 50 400 1,000 25 200 -Refer to the aggregate demand and aggregate supply schedules in the exhibit.What is the equilibrium level of output?

(Multiple Choice)

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Question 56

What does the Keynesian approach to government economic policy emphasize?

(Multiple Choice)

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Question 57

What does Adam Smith's "invisible hand" explain?

(Multiple Choice)

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Question 58

Which of the following is a flow variable?

(Multiple Choice)

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Question 59

Which of the following was a central argument of Keynes's General Theory?

(Multiple Choice)

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Question 60

Suppose that firms expect greater demand for their products, invest in more capital, and hire more labour.Which of the following characterizes how the economy will be affected?

Which term refers to a period of sustained growth of output in the economy?

In terms of the aggregate demand and supply framework, how can the Great Depression be viewed?

Which of the following best describes the Keynesian approach to economic policy?

What is the aim of supply-side economics?

What did Keynes believe was the best method for ending the Great Depression?

According to John Maynard Keynes' The General Theory of Employment, Interest, and Money, what should the government do in order to get an economy out of a depression?

Which of the following is a lagging economic indicator?

Which of the following is a stock variable?

Which of the following best describes stagflation?

Which of the following news headlines is most closely related to what macroeconomists study?

Consider the period between 1929 and the depth of the Great Depression in 1933.In terms of aggregate demand and aggregate supply, which of the following best describes what happened in Canada during this period?

Which of the following best explains what inflation is?

Which of the following is NOT a flow variable?

Which of the following events did NOT occur in the 1970s?

What does the Keynesian approach to government economic policy emphasize?

What does Adam Smith's "invisible hand" explain?

Which of the following is a flow variable?

Which of the following was a central argument of Keynes's General Theory?

The Art and Science of Economic Analysis

Economic Tools and Economic Systems

Economic Decision Makers

Demand, Supply, and Markets

Algebraic Approach to Demand, Supply, and Equilibrium

Tracking the Canadian Economy

Unemployment and Inflation

Productivity and Growth

Aggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy in an Open Economy

Macro Policy Debate: Active or Passive

International Finance

International Trade

Economic Development

Understanding Graphs

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