KPU Dashboard Tools Support Policies Search Question 7 Not yet Suppose we observe a decrease in real GDP and a decrease in the price level. Which of the following is a likely cause? answered Marked out of a. An increase in transfers from the government. 2.00 O b. A decrease in the Bank of Canada's policy interest rate. Flag question c. A decrease in the price of computer chips imported from abroad by domestic firms. O d. An increase in the expenditure multiplier. Question 8 Which of the following will cause the short-run Phillips curve to shift to the right, or up? Not yet answered a. A decrease in wages. Marked out of 2.00 O b. An increase in the price of oil. Flag O c. A decrease in expected inflation. question O d. Increase in interest rates. Question 9 According to the models covered in this course, an increase in government expenditure on domestic goods and Not yet services affects real GDP answered Marked out of a. only indirectly through increase in @ through the multiplier effect 2.00 O b. directly through an increase in G and indirectly through increase in C via the multiplier effect. Flag question O c. directly through an increase in G via the multiplier effect O d. only directly through the increase in G 20'C Cloudy Type here to search O 1994