Question
(1)Other things being the same, which of the following would cause the aggregate demand curve to shift to the left? Group of answer choices lower
(1)Other things being the same, which of the following would cause the aggregate demand curve to shift to the left?
Group of answer choices
lower personal taxes
a rise in consumer confidence
reduced stock market wealth
an increase in transfer payments
(2)If Real GDP is $6 billion and the population is 180,002, per-capita Real GDP is
Group of answer choices
$30,000.
$20,000.
$33,333.
$39,434.
(3)If real GDP in Country A amounted to $1.62 trillion in 2019 and$1.71 trillion in2018, the real GDP growth rate in this country in 2019 is:
Group of answer choices
5.26%
5.56%
2.47%
-5.26%
-5.56%
(4)The short-run aggregate supply curve:
Group of answer choices
Is a schedule showing the relationship between the price level and the quantity of real GDP supplied.
Is typically upward sloping.
reflects output prices changing relative to input prices.
all of the above
(5)The government imposes a $2.50 per-unit tax on the consumption of good X. As a result the
Group of answer choices
supply curve forgood X shifts leftward and the price of good X rises.
quantity demanded of good X falls and the price of good X rises.
demand curve for good X shifts leftward and the price of good X falls.
demand curve for good X shifts rightward and the price of good X rises.
supply curve for good X shifts leftward and the price of good X falls.
(6)Country A and Country B initially have the same real GDP per capita. Country A experiences no economic growth, while Country B grows at a sustained rate of 4 percent. In 36 years, Country A's GDP will be approximately ____ that of Country B.
Group of answer choices
one-fourth
one-half
double
triple
(7)If real GDP per capita is increasing, therate of population growthis:
Group of answer choices
less than the rate of real GDP growth.
greaterthan the rate of real GDP growth.
less than the rate of inflation.
greaterthan the rate of inflation.
(8)Within the framework of the aggregate demand and supply model (AD-AS model), if consumers and investors become more pessimistic about the future direction of the economy, this will lead to
Group of answer choices
an increase in aggregate demand.
a decrease in aggregate demand.
an increase in long-run aggregate supply (LRAS shifts to the right).
a reduction in the natural rate of unemployment.
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