Following an increase in government spending within the AD-AS framework, which of the following will occur in the short-run to the price level, employment, and real GDP? Price Level Employment Real GDP Increase Increase Indeterminate Price Level Employment Real GDP Decrease Increase Increase Price Level Employment Real GDP Increase Indeterminate Indeterminate Price Level Employment Real GDP Decrease Decrease Decrease Price Level Employment Real GDP Increase Increase Increase Question 30(Multiple Choice Worth 1 points) (05.02 MC) Use the graph to answer the question that follows. LRPC Inflation Rate B SRPC, SRPC, Unemployment Rate Which of the following explains the move from A to B on the accompanying graph of the short-run and long-run Phillips curves? Contractionary fiscal policy decreases aggregate demand in the AD-AS model. Expansionary monetary policy decreases short-run aggregate supply in the AD-AS model. Workers negotiate for a higher wage rate. Inflationary expectations fall. O The natural rate of unemployment increases.Under which of these circumstances will the outstanding debt of Country X increase? Part of the outstanding debt of Country X is sold to citizens of other countries. Interest rates increase and the price of bonds falls. l 0 Country X has current expenditures that exceed current tax revenues. The unemployment rate is falling, while the ination rate is rising. The economy has moved from a recession to a full-employment equilibrium. Use the graph to answer the question that follows. Dollar per Euro Euros The accompanying graph of the market for the euro shows a change in the equilibrium from E0 to E1, with a change in the equilibrium dollar price ofa euro. Which of the following statements is consistent with this change? Europeans are importing more goods from the United States, and the euro has depreciated. Higher real interest rates in the United States have led to an appreciation of the dollar. U.S. citizens are traveling more to Europe, appreciating the euro. Higher average incomes in Europe are leading to more exports from Europe and an appreciated euro. Americans are consuming fewer goods from Europe, depreciating the euro. In year 5, the nominal GDP is $11,000. Using the base year prices and same quantities of goods and services, the real GDP is $10,000. What is the value of the GDP price deflator? .909 $11,000 O1.1 90.0 110Assume that there is an excess demand for euros at the current dollar price per euro. Which of the following is true? The euro will appreciate as the euro market moves to equilibrium. The dollar price per euro will fall as the euro market moves to equilibrium. At the current price per euro, compared to the equilibrium price, European goods are relatively cheaper for US. citizens. At the current dollar price per euro, Europeans will find travel to the United States relatively cheaper, compared to the equilibrium exchange rate. The supply of euros will increase over time to equilibrate the quantity demanded and quantity supplied of euros