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Could you please double-check my work to see if I missed something? Longrun economic growth is consistent with Multiple Choice 0 expanding the aggregate demand
Could you please double-check my work to see if I missed something?
Longrun economic growth is consistent with Multiple Choice 0 expanding the aggregate demand cu we. . expanding the production possibilities cu WE. 0 an increase in government spending. 0 an increase in GDP per capita. Which of the following can reduce the level of long-run economic grolnrth':I Multiple Choice 0 a decrease in decit Spending by the government . an increase in government safety":r regulations 0 an increase in the savings rate 0 government enforced property rights \fThe use of money and credit controls to influence macroeconomic activity is Multiple Choice monetary policy. O fiscal policy. O supply-side policy. O classical policy.Which of the following is a monetarist solution for a recession? Multiple Choice increase government spending expand The moneyr supply at a faster rate provide greater work incentives O O O O patience Longrun macroeconomic policy focuses on shifting the Multiple Choice aggregate supply curve to the left production possibilities curve outward. mon e1; supplyr curve to the right 0 aggregate demand curve to the left The Fed uses monetary policy in an effort to change and shift the aggregate curve. Multiple Choice O interest rates; demand interest rates; supply O taxes; demand O taxes; supplyA major problem of discretionary policy levers is that Multiple Choice 0 consumers and producers may not respond as anticipated or desired. 0 the Fed lacks the flexibility to change its course. 0 supply siders advocate using only the tool of deregulation. . these policy options tend to happen automatically, and so Congress struggles to keep up. Which of the following is NOT true about macroeconomic models? Multiple Choice 0 O O O They are based on theories of macroeconomic behavior. They are mathematical summaries of the economy's performance. They attempt to identify key determinants of macro performance. They are very accurate predictors of economic occurrences. Which of the following is the best measure of the actual quantity of goods and services produced by an economy? Multiple Choice O nominal GDP real GDP O real GDP per capita O GDP per workerA major goal of shortrun macroeconomic polio...r is to move to a point on the curve. Multiple Choice investment cle mancl production function aggregate su poly . production possibilities Which of the following is used to measure labor productivity? Multiple Choice 0 labor inputdiuided by total output . output per labor hour O hourly wage rate divided by output per labor hour 0 dollarvalue of inputs per unit ofoutput In recent decades, a primary source of longrun growth in US. output haa been Multiple Choice 0 increased capacity utilization. a reduction in structural unemployment. . increased output per worker. rapid growth of the money supply. Labor productivityr is a meaaure of Multiple Choice . quantity of output per worker. 0 how hard individuals work, not how".r much theyr produce. 0 the amount of human capital workers obtain through training and experience. 0 the amount of capital per worker. Economic growth is only poo-Bible if the longrun aggregate curve shifts to the Multiple Choice . supply; right 0 so poly; left 0 demand; right 0 demand; leftStep by Step Solution
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