Question
Which of the following is not an automatic stabilizer? A. Personal Income taxes B. Business Profit taxes C. Welfare payments D. Gaverment spending for new
Which of the following is not an automatic stabilizer?
A. Personal Income taxes
B. Business Profit taxes
C. Welfare payments
D. Gaverment spending for new bridges and roads
If the price of inputs rises when a nations is in the intermediate range:
A. Real GDP remains the same and average price levels rises
B. Real GDP remains the same and average price levels remains the same
C. Real GDP falls and average price level rises
D. Real GDP falls and average price levels falls
E. Real GDP falls and average price level remains the same
If the price of inputs rises and personal income taxes rises:
A. Aggregate demand rises, and aggregate supply falls
B. Aggregate demand rises, but aggregate supply does not change
C. Aggregate demand falls, and aggregate supply rises
D. Aggregate demand and aggregate supply rise
E. Aggregate demand and aggregate supply fall
If a nation's real interest rate fell relative to foreign nations, it would cause the:
A. Domestic currency value to rise and net exports to fall
B. Domestic currency value to fall and net exports to rise
C. Domestic currency value to rise and net exports to rise
D. Domestic currency value to fall and net exports to fall
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