Question 22 (1 point) Saved Which would be considered an investment according to macroeconomists? the purchase of shares of stock by Manulife, a mutual fund company the purchase of government bonds by the nation's central bank the purchase of a laptop by a university student to prepare her class projects the construction of a new factory by Intel Question 23 (1 point) Saved Other things equal, a reduction in personal and business taxes can be expected to: decrease both aggregate demand and aggregate supply. decrease aggregate demand and increase aggregate supply. increase both aggregate demand and aggregate supply. increase aggregate demand and decrease aggregate supply. Question 24 (1 point) The case against economic growth is often made using which of the followingQuestion 28 (1 point) Other things equal, in which of the following instances would the increase in labour productivity be the greatest? OInputs of labour increase, and the stock of real capital remains constant. The increase in inputs of labour exceeds the increase in the stock of real capital. The increase in the stock of real capital exceeds the increase in inputs of labour. The stock of real capital and inputs of labour increase proportionately. Question 29 (1 point) A newspaper reports that in an urban area the average price of new homes had decreased, but the number of new homes sold had increased. This situation would best be explained by a(n): increase in supply. decrease in supply. O increase in demand. O decrease in demand.Question 24 (1 point) The case against economic growth is often made using which of the following arguments? Limiting growth will contribute to more income equality across nations. O Common property resources need to be protected by the price system. Economic growth will contribute to more economic security, but it will also produce more boring life styles. O Economic growth permits us to "make a living," but it does not provide us with "the good life." Question 25 (1.5 points) What can cause the aggregate supply curve to be perfectly inelastic? O Sticky input and output prices. O Flexible input and output prices. O Law of supply. O Inflexible output prices, but flexible input prices. Question 26 (1.5 points) Suppose one cup of coffee costs $1 in 2000 If theQuestion 26 (1.5 points) Suppose one cup of coffee costs $1 in 2000. If the average annual inflation rate in the economy is 3.5%, how much will a cup of coffee cost in 2100? Your Answer: Answer Question 27 (1 point) The GDP tends to: O understate economic welfare because it includes expenditures undertaken to offset or correct pollution. C understate economic welfare because it does not take into account increases in leisure. overstate economic welfare because it does not reflect improvements in product quality. overstate economic welfare because it does not include certain non-market activities such as the productive work of housewives