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Question 21 2 pts If full time and part time employment are both rising, then average hours worked per person in the economy must also

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Question 21 2 pts If full time and part time employment are both rising, then average hours worked per person in the economy must also be rising. Answer true or false. Please briey explain your answer. Question 22 2 pts Consider a standard Keynesian model but with two types of consumers, Type Awho have low marginal propensities to consume and Type B who have high marginal propensities to consume. The government wants to stimulate the economy while balancing the budget. If spending is targeted equally on both types of consumers, but taxes are levied in greater amount on Type B consumers, then the balanced-budget multiplier will be greater than one. Answer true or false. Please briey explain your answer. Question 23 2 pts Consider a standard AD-AS model. If the consumption function displays high sensitivity to real interest rates, temporary supply shocks have relatively large effect on output. Answer true or false. Please briey explain your answer. Question 24 2 pts Consider a standard AD-AS model Suppose the Central Bank keeps real interest rates fixed in response to changes in the inflation rate. Then a temporary increase in autonomous government purchases will have a spending multiplier greater than 1. Answer true or false. Please briefly explain your

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