Recall the Application about the success of the 2009 stimulus package to answer the following question(s).The Obama stimulus package was implemented to assist the economy in its recovery from recession. This package was designed to shift:
A. aggregate demand to the right.
B. aggregate demand to the left.
C. aggregate supply to the left.
D. aggregate demand and aggregate supply to the left.
Answer: A
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Which of the following does not influence the position of the long-run aggregate supply curve?
a. The quantity of raw materials available for production b. The quantity of capital used in production c. The quality of the labor force d. The actual price level e. The size of the labor force
Money serves as a store of value, which means:
a. it acts as an intermediary between the buyer and the seller. b. it will still hold its value. c. it is the ruler by which other values are measured. d. it must also be acceptable to make purchases today that will be paid in the future.
Exhibit 9-8 Keynesian aggregate expenditures model
?
In Exhibit 9-8, an increase in aggregate expenditures causes:
A. a movement down the aggregate demand curve from equilibrium real GDP $600 to equilibrium real GDP $1,000. B. a movement up the aggregate demand curve from equilibrium real GDP $1,200 to equilibrium real GDP $1,000. C. a shift of the aggregate demand curve to the right, causing equilibrium real GDP to increase from $600 to $1,000. D. a shift of the aggregate demand curve to the left, causing equilibrium real GDP to decrease from $1,200 to $1,000.
most frequently the federal reserve implements monetary policy by
What will be an ideal response?