Question 1

In reference to the aggregate supply curve, what would a decrease in the price level cause?

Accepted Answer

A)  an increase in the quantity of aggregate output supplied 
B)  a decrease in the quantity of aggregate output supplied 
C)  a leftward shift of the aggregate supply curve 
D)  a rightward shift of the aggregate supply curve 
A)  an increase in the quantity of aggregate output supplied 
B)  a decrease in the quantity of aggregate output supplied 
C)  a leftward shift of the aggregate supply curve 
D)  a rightward shift of the aggregate supply curve

Question 2

During the Great Depression of the 1930s, U.S.president Herbert Hoover introduced an economic policy that turned out to be flawed.What was this policy?

Accepted Answer

A)  a decrease in taxes 
B)  an increase in taxes 
C)  an increase in government spending 
D)  a decrease in government spending 
A)  a decrease in taxes 
B)  an increase in taxes 
C)  an increase in government spending 
D)  a decrease in government spending

In reference to the aggregate supply curve, what would a decrease in the price level cause?

During the Great Depression of the 1930s, U.S.president Herbert Hoover introduced an economic policy that turned out to be flawed.What was this policy?

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

Filters

Exam 6: Introduction to Macroeconomics

In reference to the aggregate supply curve, what would a decrease in the price level cause?

During the Great Depression of the 1930s, U.S.president Herbert Hoover introduced an economic policy that turned out to be flawed.What was this policy?

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

Filters