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Please help me with these questions, I need help and have to get the correct answers. I'll leave a good review and five stars if

Please help me with these questions, I need help and have to get the correct answers. I'll leave a good review and five stars if the answers are correct.

Question 1)

Which of the following is the result of an economy implementing a contractionary fiscal policy?

The aggregate demand curve will shift to the left. The aggregate demand curve will shift to the right. The economy will experience a crowding-out effect. The government will increase its spending on education. The tax rates in the economy will decrease.

Question 2)

Which statement explains the shape of the long-run aggregate supply curve (LRAS)?

It is vertical and parallel to the y-axis because in the long run, the total output is not dependent on price level. It is horizontal and parallel to the xaxis because in the long run, the total output is dependent on price level. It is upward sloping because it is affected by the price level. It is a downward-sloping curve because it is affected by the price level. It is horizontal until the point where the price is flexible.

Question 3)

Which of the following statements about the short-run aggregate supply curve (SRAS) is true?

A higher price level will increase aggregate supply, shifting the SRAS to the right. An increase in the wage rate will increase aggregate supply, shifting the SRAS to the right. A lower price level will reduce the aggregate quantity of output supplied in the short run. A decrease in business taxes will reduce aggregate supply, shifting the SRAS to the left. A horizontal SRAS shows that higher output prices are needed to increase output in the short run

Question 4)

Which of the following is the expected outcome of a reduction in income taxes on high-income individuals?

Only decrease aggregate demand Increase aggregate demand and increase aggregate supply Increase aggregate demand and decrease aggregate supply Only increase aggregate supply Decrease aggregate demand and decrease aggregate supply

Question 5)

Which of the following is true about the monetary aggregate M2?

M2 includes assets used directly for transactions. M2 includes M1 and near money. M2 is as liquid as the basic money supply. M2 is called narrow money. M2 is the sum of circulated currency and bank reserves.

Question 6)

When the government borrows money to fund deficit spending, which of the following is likely to occur?

Nominal interest rates will fall as national savings increases. The central bank must reduce the money supply by an amount equal to the deficit. Supply of loanable funds to the private sector falls, and the real interest rate increases. The deficit tends to encourage additional private investment to match any new government spending. The government debt will fall by an amount equal to the new deficit.

Please answer all six questions. Thank you so much!

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