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Need some help with these practice questions, no working out needed, thanks! Question 13 2 pts The term inflation is used to describe a situation
Need some help with these practice questions, no working out needed, thanks!
Question 13 2 pts The term inflation is used to describe a situation in which O incomes in the economy are increasing. O stock-market prices are rising. O the overall level of prices in the economy is increasing. O the economy is growing rapidly. Question 14 2 pts The aggregate supply curve relating the price level to real GDP has three distinguishing segments. Which one of the following indicates the segments? O The horizontal segment reflects the full employment of all resources. The upward-sloping segment reflects the increasing pressure on the price level as firms bid for resources. The vertical segment reflects the availability of unused resources. O The horizontal segment reflects the increasing pressure on the price level as firms bid for resources. The upward-sloping segment reflects the availability of unused resources. The vertical segment reflects the full employment of all resources. O The horizontal segment reflects the availability of unused resources. The downward-sloping segment reflects decreasing pressure on the price level as firms bid for resources. The vertical segment reflects the full employment of all resources. O The horizontal segment reflects the availability of unused resources. The upward-sloping segment reflects increasing pressure on the price level as firms bid for resources. The vertical segment reflects the full employment of all resources. O The horizontal segment reflects the availability of unused resources. The upward-sloping segment reflects the full employment of all resources. The vertical segment reflects the increasing pressure on the price level as firms bid for resources.Question 15 2 pts Which of the following shifts aggregate demand to the left? 0 The price level rises. O The dollar depreciates for some reason other than a change in the price level. 0 Stock prices fall for some reason other than a change in the price level. 0 Interest rates fall. Question 16 2 pts In 2009 Congress passed legislation providing states with funds to build roads and bridges. It also instituted tax cuts. Which of these policies shifts aggregate demand right? 0 neither the increased funding for states nor the tax cuts 0 only the increased funding for states 0 both the increased funding for states and the tax cuts 0 only the tax cutsStep by Step Solution
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