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22 ._|. 'U 9. 3 I... A81 A82 A32 A a a ' S1 :- 4 :- 2 2 8 8 ': 9 ': '

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22 ._|. 'U 9. 3 I... A81 A82 A32 A a a ' S1 :- 4 :- 2 2 8 8 ': 9 ': ' o. o. AD AD 0 Real domestic output 0 Real domestic output (A) (B) S 3 3 4 2 2 d) d) .2 .2 E E . A01 AD2 0 Real domestic output 0 Real domestic output (0) (D) Which of the above diagrams best portrays the effects of an improvement in business prot expectations? 0 O O O A C B D 1 point Which of the following fiscal policy actions would be most effective in combating a recession? 0 Taxes $25 billion decrease Government Spending $25 billion decrease Taxes $25 billion increase Government Spending $25 billion decrease Government Spending $25 billion increase 0 0 Taxes $25 billion decrease 0 Taxes $25 billion decrease Government Spending No change Previous ._a. 'U 9. 3 I... A81 A82 A32 A a a '- S1 3. 4 3|- 2 2 8 8 .= _, -: 4 o. 0. AD AD 0 Real domestic output 0 Real domestic output (A) (B) S 3 3 4 2 2 d.) d.) 2 2 E E . A01 AD2 0 0 Real domestic output Real domestic output (C) (D) Which of the above diagrams best portrays the effects of declines in the income of other major nations with whom we trade? 0 O O O 25 1 point AS1 AS2 AS2 Price level Price level AD AD Real domestic output Real domestic output (A) (B) AS AS Price level Price level AD, AD AD, Real domestic output Real domestic output (C) (D) Which of the above diagrams best portrays the effects of declines in the prices of imported resources? O A O D OO B Previous

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