Multiple Choice
Refer to the following table. What was the approximate output gap in 1974?
33
views
1. Introduction to Macroeconomics
Introduction to Economics
Back1. Introduction to Macroeconomics
Introduction to Economics
- Multiple ChoiceThe wealth effect along an aggregate-demand curve stems from the idea that a higher price level:63views
- Multiple ChoiceWhich of the following is the central argument of Keynesian economic theory?43views
- Multiple ChoiceWhich of the following best describes the state of the US economy during the 1970s?37views
- Multiple ChoiceWhy is a federal government decision to increase spending considered a matter of macroeconomic policy?44views
- Multiple ChoiceWhich of the following is an example of a policy lever that can influence macroeconomic performance?49views
- Multiple ChoiceWhich of the following best describes the role of automatic stabilizers in the economy?35views
- Multiple ChoiceWhich of the following statements most likely lies within the realm of macroeconomics?37views
- Multiple ChoiceWhich of the following will shift the aggregate demand curve to the left?39views
- Multiple ChoiceWhich one of the following is NOT true when the economy is in macroeconomic equilibrium?26views
- Multiple ChoiceWhich of the following best describes the relationship between interest rate, aggregate income, and price level in the context of macroeconomics?29views
- Multiple ChoiceIf macroeconomics looks at the economy as a whole, which of the following best describes what microeconomics studies?79views
- Multiple ChoiceWhat is the most likely short-run effect of an increase in the money supply in an economy?31views
- Multiple ChoiceWhich of the following best describes how expansionary policies can facilitate economic growth?52views
- Multiple ChoiceWhen the GDP growth rate slows, what is the most likely impact on a government's budget deficit, assuming other factors remain constant?55views