Q38.

Fiscal policy primarily affects macroeconomic equilibrium in the economy by

Select one:

a. all answers are correct

b. changing the Short-Run Aggregate Supply

c. changing the Long-Run Aggregate Supply

d. changing the Aggregate Demand

Q39.

Suppose Australian dollar decreases in value relative to other currencies. One would expect to the following in the Australian economy

Select one:

a. decrease in exports.

b. none of the answers is correct

c. increase imports.

d. growth rate of GDP to decrease.

Q40.

To stimulate the economy Australian government buys more of the Australian made submarines. How will this affect the aggregate demand curve?

Select one:

a. This will move the economy up along a stationary short run aggregate supply curve.

b. This will move the economy down along a stationary aggregate demand curve.

c. This will shift the aggregate demand curve to the right.

d. This will move the economy up along a stationary aggregate demand curve.