lash Time left 0:20:56 Quiz 61 Use the following information to answer questions 61 The Canadian Economy is in equilibrium in the Classical Range of the I government wants to send every 10 Canadian a $300 cheque to help with Covid recovery ut o 19 This event effects: 28 2 Select one: 37 38 O a. Consumption 46 47 O b. Investment O c. Government Expenditures 55 56 O d. Net Exports 64 65 62 Finish atte Use the following information to answer questions 61 The Canadian Economy is in equilibrium in the Classical Range of the Short Run Aggregate Supply curve. The Federal government wants to send every Canadian a $300 cheque to help with Covid recovery. ut of The AD curve will: Select one: O a. Stay the same O b. Increase O c. Decrease O d. None of the above W - 11 C ~ 0 8Use the following information to answer questions 61 - 65 The Canadian Economy is in equilibrium in the Classical Range of the Short Run Aggregate Supply curve. The Federal government wants to send every Canadian a $300 cheque to help with Covid recovery The SRAS curve will: Select one: O a. Stay the same O b. Increase O c. Decrease O d. None of the above Use the following information to answer questions 61 - 65 The Canadian Economy is in equilibrium in the Classical Range of the Short Run Aggregate Supply curve. The Federal government wants to send every Canadian a $300 cheque to help with Covid recovery. If equilibrium remains in the classical range what will happen to the price level (P.)? Select one: O a. Stay the same O b. Increase O c. Decrease O d. None of the above on 65 W -11 'Cdle.nait.ca/mod/quiz/attempt.php?attempt=5267471&cmid= 11079761&page=6 WP WileyPLUS Alberta Road Test. WileyPLUS: Finan. Pearson myLAB Q Create a new stud. Q Le IT BACK TO MYNAIT - Time left 0:20: Question 65 Use the following information to answer questions 61 - 65 Not yet The Canadian Economy is in equilibrium in the Classical Range of the Short Run Aggregate Supply curve. The Federal government wants to send every answered Canadian a $300 cheque to help with covid recovery Marked out of 1.00 Flag If equilibrium remains in the classical range what will happen to GDP (GDP.) question Select one: O a. Stay the same O b. Increase O c. Decrease O d. None of the above Question 66 Use the following information to answer questions 66 - 70 Not yet Our Canadian government has determined that the Canadian Economy is in equilibrium in the Intermediate Range of the Short Run Aggregate Supply curve answered at $850 billion and full employment GDP is $950 billion. In addition, studies have shown that the expenditure multiplier is 2. Marked out of 1.00 Flag What type of gap is this Canada's economy experiencing? question Select one: a. Depressionary O b. Relfationary O c. Inflationary O d. Contractionary Question 67 Use the following information to answer questions 66 - 70 Not yet Our Canadian government has determined that the Canadian Economy is in equilibrium in the Intermediate Range of the Short Run Aggregate Supply curvemod/ quiz/attempt.pr lacmid= 1 10/9/61&page=6 WP WileyPLUS Alberta Road Test. WileyPLUS: Finan. Pearson myLAB Q Create a new stud.. Q Lesson 10 Fla BACK TO MYNAIT - Time left 0:19:54 Question 67 Use the following information to answer questions 66 - 70 Not yet Our Canadian government has determined that the Canadian Economy is in equilibrium in the Intermediate Range of the Short Run Aggregate Supply curve answered at $850 billion and full employment GDP is $950 billion. In addition, studies have shown that the expenditure multiplier is 2. Marked out of 1.00 The size of Canada's gap is? Flag question Select one: O a. $50B O b. $100B O c. $200B O d. $0B Question 68 Use the following information to answer questions 66 - 70 Not yet Our Canadian government has determined that the Canadian Economy is in equilibrium in the Intermediate Range of the Short Run Aggregate Supply curve answered at $850 billion and full employment GDP is $950 billion. In addition, studies have shown that the expenditure multiplier is 2. Marked out of 1.00 Flag What must happen to federal government expenditures (G) to eliminate the gap in Canada? question Select one: O a. Apply Ralph Klein School of Economic policy O b. Apply Keynesian School of Economic policy O c. Increase O d. DecreaseWP WileyPLUS Alberta Road Test... WileyPLUS: Finan... Pearson myLAB Q Create a new stud... O Lesson BACK TO MYNAIT - O d. Decrease Time left 0:19:37 Question 69 Use the following information to answer questions 66 - 70 Not yet Our Canadian government has determined that the Canadian Economy is in equilibrium in the Intermediate Range of the Short Run Aggregate Supply curve answered at $850 billion and full employment GDP is $950 billion. In addition, studies have shown that the expenditure multiplier is 2. Marked out of 1.00 By how much must government expenditures (G) change to eliminate the gap? Flag question Select one: O a. $50B O b. $100B O C. $200B O d. Government expenditures would not change Question 70 Use the following information to answer questions 66- Not yet Our Canadian government has determined that the Canadian Economy is in equilibrium in the Intermediate Range of the Short Run Aggregate Supply curve answered at $850 billion and full employment GDP is $950 billion. In addition, studies have shown that the expenditure multiplier is 2. Marked out of 1.00 Flag What type of fiscal policy would the government be employing in this situation? question Select one: O a. Contractionary O b. They are not implementing fiscal policy, but rather monetary policy O c. Expansionary O d. Keynesian fiscal policy