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Question 11 of 40 |
2.5 Points |
The change in equilibrium expenditure also equals the change in __________.
[removed] A. the potential GDP |
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[removed] B. the real GDP |
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[removed] C. income taxes |
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[removed] D. interest rates |
Question 12 of 40 |
2.5 Points |
Which of the following does NOT decrease aggregate demand in the United States?
[removed] A. a decrease in the price of oil |
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[removed] B. a decrease in GDP in Germany |
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[removed] C. a decrease in government spending |
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[removed] D. a decrease in the supply of money |
Question 13 of 40 |
2.5 Points |
The __________ curve summarizes the relationship between aggregate planned expenditure and the real GDP.
[removed] A. AES |
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[removed] B. AE |
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[removed] C. AD |
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[removed] D. APE |
Question 14 of 40 |
2.5 Points |
Why does the quantity of real GDP supplied change when the price level changes?
[removed] A. movement along the AS curve brings a change in the price of resources |
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[removed] B. movement along the AS curve brings a change in the potential GDP |
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[removed] C. movement along the AS curve brings a change in the GDP price index |
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[removed] D. movement along the AS curve brings a change in the real wage rate |
Question 15 of 40 |
2.5 Points |
To determine the equilibrium price level and equilibrium level of real GDP, the aggregate demand and aggregate supply must __________.
[removed] A. be considered separately |
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[removed] B. intersect |
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[removed] C. be disregarded |
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[removed] D. be considered as a multiplier |
Question 16 of 40 |
2.5 Points |
When the real wage rate changes, firms change the __________ and the level of production.
[removed] A. wage rate of employees |
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[removed] B. quality of goods or services produced |
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[removed] C. quantity of labor employed |
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[removed] D. production plans |
Question 17 of 40 |
2.5 Points |
All other things remaining the same, the lower the price level, the __________ the quantity of real GDP demanded.
[removed] A. smaller |
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[removed] B. greater |
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[removed] C. more constant |
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[removed] D. less constant |
Question 18 of 40 |
2.5 Points |
Expenditures such as investment, government expenditure on goods and services, and exports __________ on real GDP.
[removed] A. do not depend |
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[removed] B. depend greatly |
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[removed] C. remain constant based |
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[removed] D. vary in their individual dependence |
Question 19 of 40 |
2.5 Points |
What are the two main influences that the world economy has on aggregate demand?
[removed] A. foreign exchange rate and foreign income |
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[removed] B. foreign investments and foreign profit |
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[removed] C. revenues from overseas and foreign exchange rate |
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[removed] D. foreign expenditures and international trade |
Question 20 of 40 |
2.5 Points |
What is the total amount of final goods and service that firms in a country plan to produce, depending on the labor, capital, technology, natural resources, and entrepreneurial talent in the market?
[removed] A. the supply-demand model |
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[removed] B. the quantity of real gross domestic product (GDP. supplied |
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[removed] C. the quantity of potential GDP |
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[removed] D. the quantity of real GDP demanded |
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