Multiple Choice
Figure 12.2
-Consider the economy described in Figure 12.2. When macroeconomic equilibrium shifts from point A to point B,
A) cyclical unemployment decreases.
B) inflation decreases.
C) productive capacity decreases.
D) business profits decrease.
E) aggregate expenditures decrease.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: In the 1970s, the world price of
Q53: One of the goals of macroeconomic policy
Q54: The aggregate quantity of goods and services
Q55: Demand-pull inflation occurs when there is a
Q56: Government spending is set by the federal
Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt=" -Refer to Table
Q59: If there is a sudden burst in
Q60: Investment spending increases with<br>A) lower interest rates.<br>B)
Q61: Other things equal, a decrease in aggregate
Q62: Changes in technology have dramatically increased productivity,