Question
ASAP Please According to supply-side economists, the _____ curve will shift to the _______ caused by __________. Question 41 options: AD; right; more investment AD;
ASAP Please
According to supply-side economists, the _____ curve will shift to the _______ caused by __________.
Question 41 options:
AD; right; more investment | |
AD; left; more saving | |
AS; right; more investment | |
AS; left; more saving | |
money supply; right; lower interest rates |
An economist estimates that for every one percent rise in the unemployment rate, government tax revenue falls by $12 billion and spending rises by $15 billion. If the government's budget is in deficit by $200 billion at 4 percent unemployment, what would be the state of the budget at 10 percent unemployment?
Question 43 options:
a surplus of $38 billion | |
a deficit of $182 billion | |
a deficit of $218 billion | |
a deficit of $362 billion | |
none of the above |
Most economists agree that during a recession, the crowding-in effect is greater than the crowding-out effect.
Question 44 options:
True | |
False |
Classical economists point out that:
Question 45 options:
there is a trade-off between unemployment and inflation. | |
in the long run, we are all dead. | |
an increase in the money supply leads to a proportional rise in the price level. | |
government spending can affect aggregate demand. | |
the aggregate supply curve is horizontal. |
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