Q34.

When Australian dollar depreciates in value relative to other currencies

Select one:

a.the long-run aggregate supply curve shifts to the right.

b.the short-run aggregate supply curve shifts to the left.

c.the aggregate demand curve shifts to the right.

d.the aggregate demand curve shifts to the left.

Q35.

Jenny is a cook at a restaurant and her hourly wage is $200. For her husband's birthday, she cooks an elaborate meal at home that takes her 5 hours to complete. As a result, the country's GDP

Select one:

a.decreases by $1000

b.increases by $1000

c.remains the same

d.might increase or decrease, depending on her income tax rate

Q36.

GDP will include

Select one:

a.The sale of a used car to a consumer for private use

b.The sale of a new car to a consumer for private use

c.The sale of a used car to a car rental agency

d.The sale of a new car to a car rental agency

Q37.

If John is a 'discouraged worker', then

Select one:

a.he is considered to be out of the labour force

b.he is still considered to be part of the labour force

c.he is entitled to an income subsidy

d.he is counted as unemployed