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Question 1 5 out of 5 points Which of the following best describes a situation when there is slack in the economy? Selected Answer: More
- Question 1
5 out of 5 points
Which of the following best describes a situation when there is "slack" in the economy? | |||||||||||||
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- Question 2
0 out of 5 points
Which of the following is not a reason supply-side tax policy may result in 'trickle down' economics? | |||||||||||||
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- Question 3
0 out of 5 points
Which of the following best describes "slack"? | |||||||||||||
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- Question 4
0 out of 5 points
Which of the following cannot be thought of as a New Deal policy intended to stimulate the economy through the demand-side? | |||||||||||||
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- Question 5
0 out of 5 points
According to supply-side theory, periods of high inflation due to increased aggregate demand are corrected by which of the following? | |||||||||||||
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- Question 6
5 out of 5 points
Which of the following in not true of fiscal policy for the federal government? | |||||||||||||
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- Question 7
0 out of 5 points
Which of the following best describes the 'paradox of thrift'? | |||||||||||||
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- Question 8
5 out of 5 points
Which of the following is not a conclusion of demand-side economics? | |||||||||||
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- Question 9
5 out of 5 points
Government intervention is necessary according to demand side theory for which of the following reasons? | |||||||||||||
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- Question 10
5 out of 5 points
Which of the following describes the long-run aggregate supply curve according to supply-side theory? | |||||||||||||
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- Question 11
5 out of 5 points
Which of the following best describes demand-side economics? | |||||||||||||
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- Question 12
5 out of 5 points
Which of the following best describes Say's Law? | |||||||||||||
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- Question 13
0 out of 5 points
Which of the following best illustrates the intended effect of supply-side economic policy? | |||||||||||||
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- Question 14
0 out of 5 points
Which of the following is not a tax change recommended by supply-siders policy makers? | |||||||||||||
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- Question 15
0 out of 5 points
According to demand-side economics, wages are sticky, or inflexible downward, for all of the following reasons except: | |||||||||||||
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- Question 16
5 out of 5 points
Which of the following describes the long-run aggregate supply curve according to demand-side theory? | |||||||||||||
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