econ questions, give correct answers. multiple answers possible in some questions

Question 8 (1 point) During a recessionary gap, where is the equilibrium point of the SRAS and AD located relative to the LRAS curve? Q Left of LRAS 0 Above LRAS Q Right of LRAS 0 Below LRAS Question 9 (1 point) All else equal, which of the following could cause the shift in aggregate supply showr in the below diagram? (Select all that apply): [j A reduction in nominal wages D An increase in production costs [3 A reduction in government spending [3 An increase in nominal wages Question 10 (1 point) Which of the following will cause the short-run aggregate supply curve (SRAS) to shift leftward? (Select all that apply) [3 An increase in raw materials prices [3 An increase in taxation of company profits [3 A decrease in input import costs [3 A decrease in wage rates Question 11 (1 point) Which of the following is most likely to increase the component of the AD curve? 0 An increase in corporate taxes 0 An improvement in property rights 0 An increase in social security payments 0 None of the above Question 12 (1 point) GDP determines the size of an economy by measuring: 0 Total income for citizens of the economy 0 Total spending by domestic consumers within the economy 0 Total spending on domestically produced final goods and services 0 Total spending on domestic final and intermediate goods and services Question 13 (1 point) Which of the following would be an effective policy to reduce the inflation rate? 0 Increasing income taxes 0 Reducing interest rates 0 Cash transfers for poor families 0 None of the above Question 14 (1 point) Inflation harms the economy because: (Select all that apply) [3 Transaction and opportunity costs of trying to spend money quickly D It incentivizes consumers to hold onto cash [3 Changing listed prices and replacing bank notes is costly D It discourages businesses from investing in productive assets