Question 13 1 pts If the MPC is 0.8, then the multiplier equals: O 1/(1-0.2) O 1/0.8 1/(1 -0.8) O 0.8 Question 14 1 pts A recessionary gap (sometimes referred to as a GDP gap) implies that O Aggregate demand is less than aggregate supply at the full employment price level The unemployment rate is falling O Aggregate demand exceeds aggregate supply at the full employment price level Inventories are being depleted faster than producer's desire 1 pts Question 15 If consumers become more negative about future sales, then: The AD curve will shift to the right The AD curve will shift to the left There will be a rightward movement along the AD curve There will be a leftward movement along the AD Curve D Question 16 1 pts of banks decrease the amount of consumer credit, then: There will be a movement to the left along the AD Curve There will be a movement to the right along the AD curve The AD curve will shift to the left The AD curve will shift to the right