Question
Question 17 If an increase in government spending in the short run raises incomes, shifts money demand to the right, raises the interest rate, and
Question 17
If an increase in government spending in the short run raises incomes, shifts money demand to the right, raises the interest rate, and lowers investment, it is called:
the multiplier effect
the crowding-out effect
the investment accelerator
supply-side economics
Question 15
A depreciation of Canadian dollar will please which of the following?
a Canadian tourist travelling in Europe
a Canadian importer of Russian vodka
a French exporter of wine to Canada
a Japanese importer of Canadian steel
Question 12
Unions increase pay disparity between unionized and non-unionized sectors by:
increasing wage in unionized sector, which increases labour supply in nonunionized sector.
increasing wage in unionized sector, which decreases labour supply in nonunionized sector.
increasing the demand for workers in the unionized sector.
decreasing the supply of workers in the unionized sector.
Question 7
Suppose the economy is initially in long-run equilibrium. Then suppose there is a reduction in exports and no change in imports. According to the model of aggregate demand and aggregate supply, in the short run:
prices rise, output rises
prices rise, output falls
prices fall, output falls
prices fall, output rises
Question 1
The short-run aggregate-supply curve can shift to the right due to:
a drop in oil prices
a decrease in the money supply
an increase in price expectations
an increase in government spending on military equipment
! Which statement supports the idea of using GDP as a measure of well-being?
a. Countries with higher GDP tent to have more luxury cars
b. Countries with higher GDP tend to have more schools
c. Countries with higher GDP tend to have more fast food restaurants
d. Counties with higher GDP tend to have more food
When a graph of the money market is drown with the value of money on the vertical axis, what will happen if the value of money is below the equilibrium level?
The price level will rise
The value of money will rise
Money demand will shift left
Money demand will shift right
If an individual's income increases from $500 to $700 and their spending increases by $120, what is the marginal propensity?
0.6
1.67
2.5
60
What happens when the price level falls?
Interest rates raise, so firms increase investment
Interest rates rise, so firms decrease investment
Interest rates fall, so firms increase investment
Interest rates fall, so firms decrease investment
If the US puts tariffs on Canadian- manufactures products and Canada has a flexible exchange, which of the following will occur ?
Canada interest rates will initially rise above the world interest rate
There will be no permanent effects on Canada's aggregate demand curve
Canadian net exports will increase in the long run
The Canada dollar will permanently appreciate
Which statement best defines collective bargaining?
It is the process by which the government sets exemptions form the minimum- wage low
It is setting the same wage for all employees to prevent jealously among workers
It is the situation when firms collude to set the wages of employees in order to keep them below equilibrium
It is the process by which unions and firms agree on terms of employment
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