Suppose the multiplier is 4. ceteris paribus, a change in autonomous spending will change total spending more if the aggregate supply curve is __________ than if it is __________
A) horizontal; upward sloping
B) upward sloping; horizontal
C) upward sloping; downward sloping
D) downward sloping; upward sloping
E) There is not enough information to answer the question.
A
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Refer to Figure 5-1. The market equilibrium quantity is ________ thousand vaccinations
A) 200 B) 400 C) 600 D) > 600
The effect of monetary policy on real output is ________ due to deregulation's effect on the LM curve alone, and ________ due to deregulation's effect on the IS curve alone
A) strengthened, strengthened B) strengthened, weakened C) weakened, strengthened D) weakened, weakened
The failure of the mercantilism policy and the tax policy during the Great Depression proves that economic policies are meaningless and they do more harm than good
a. True b. False Indicate whether the statement is true or false
Unemployment benefits tend to be higher in Europe and are offered for longer periods than in the United States
a. True b. False