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macro_ national income and price determination 100- SURE ANSWERS_ (1).pdf
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8/4/24, 10:56 AMmacro: national income and price determination
Jeremiah
Terms in this set (9)
The graph below shows two levels of An increase in real interest rates
aggregate demand (AD) in Jabberton.
Which of the following changes would most
likely lead to the shift from AD1 to AD, end
subscript shown in this graph?
Which of the following best describes the quantify the size of the change in aggregate demand (AD) that occurs as a result of a
purpose of the expenditure multiplier? change in a component of AD
When the price level increases, goods in The exchange rate effect
other countries are relatively cheaper. As a
result, a country's imports increase,
displacing the demand for domestic
production.
Hamsterville, where the marginal propensity Taxes should be reduced by $20 million
to save is equal to 0.25, is currently
experiencing a negative output gap of $60
million.
How much would Hamsterville's government
have to change taxes to restore the full
employment level of aggregate output?
Which of the following best describes the The inverse relationship between the price level and the quantity of aggregate output
relationship illustrated by the aggregate demanded by households, firms, the government, and the rest of the world
demand (AD) curve?
Aggregate demand (AD) in the United States An increase in national income in a trading partner, such as the eurozone
has changed as shown in this graph.
Which of the following could cause the
change shown?
macro: national income and price determination
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