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May you please answer all the questions below:) 7- If induced spending inn-casts: from $3) to $315 when national income incmnats from $500 to 3525.

May you please answer all the questions below:)

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7- If induced spending inn-casts: from $3\") to $315 when national income incmnats from $500 to 3525. then the (mp6 mm} is equal In __. (a) 0-7 (b) 0.6 (c) 0.9 (d) ".8 18. The actual (observed) government balance depends simply on: (a) Government support for social programs and national defense (b) Government net tax rates, government expenditures on goods and services and the actual level of nominal GDP (c) The net tax rates set by the government (d) Government expenditures on goods and services19. What does fiscal policy refer to? (a) Using government spending and taxes to stabilize domestic output and employment (b) Using government spending and taxes to increase equality in the distribution of income (c) Using interest rates and exchange rates to increase equality in the distribution of income (d) Using interest rates and exchange rates to balance the fiscal budget 20. What does "discretionary" fiscal policy refer to? (a) It involves specific changes in T and G by the government (b) It involves specific changes by the country's central bank (c) It occurs automatically as the country's GDP changes (d) All of the answers are correct 21. Which of the following statements is (are) CORRECT? (a) The higher the reserve ratio, the lower is the deposit creation (b) The Bank of Canada cannot fully control the reserve ratio and the currency ratio (c) The higher the cash withdrawals by customers, the lower is the deposit creation (d) All of the answers are correct2- Suppose the multiplier is 2. The AF. CIII'VIL' shifts down by 30 due to a fall in inwstmcnt umdenoe. What will hapmn to the AD curve? (3.) It will shift to the right by 160 (b) It will shift to the: lift by l (c) It. will shift to the right by 80 (d) It will shift to the: left by 80

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