A decrease in government purchases shift the aggregate demand curve ... and a decrease in taxes shifts the aggregate demand curve ...
What will be an ideal response?What will be an ideal response?
leftward; rightward
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Suppose in a given year, GDP was $7,242 billion and the GDP chain price index for that year is 117.5 . Real GDP is:
a. $5,488 billion. b. $6,163 billion. c. $6,740 billion. d. $7,789 billion.
If the price of inputs rises and consumer expectations about future economic activity worsens:
a. Price index rises, and the change in real GDP is uncertain. b. Price index falls, and real GDP rises. c. The change in price index is uncertain, and real GDP rises. d. The change in price index is uncertain, and real GDP falls. e. Price index falls, and the change in real GDP is uncertain.
the federal open market committee
What will be an ideal response?
Which of the following statements about Keynes' contribution to macroeconomics is correct?
A) Although he published his most important ideas about the economy long before the 1930s, few economists paid attention to Keynes until the Great Depression proved him correct. B) Keynes argued that depressions and recessions were almost always caused by changes in the money supply. C) Keynes argued that balancing the budget could be an effective way to cure a recession or depression. D) all of the above E) none of the above