Unit 5
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | An increase in income taxes and an increase in the central bank’s administered interest rates
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| show | A decrease in income taxes and a central bank bond purchase
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| show | A decrease in unemployment
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| An increase in the expected inflation rate will cause which of the following? | show 🗑
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| show | Real output is unchanged.
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| Assume an economy is in long-run equilibrium and the central bank engages in an expansionary monetary policy for a prolonged time period. If the velocity of money is constant, which of the following is true according to the quantity theory of money? | show 🗑
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| Nominal GDP is $25m, the price level is 1.25, and the money supply is $10m. What is real GDP and the velocity of money? | show 🗑
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| If tax revenues are less than the total of government spending plus government transfer payments, which of the following will happen | show 🗑
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| Which of the following describes a surplus in the government budget? | show 🗑
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| Assume policy makers increased spending and cut taxes to stimulate the economy. If the government’s budget was initially in balance, which of the following will occur? | show 🗑
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| Which of the following will most likely occur if a country’s government is continuously borrowing to finance its spending without changing taxes? | show 🗑
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| Which of the following terms describes the adverse effect that results when private sector investment spending competes with government deficit financing? | show 🗑
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| show | increase in human capital
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| show | The long-run aggregate supply curve will shift to the right, resulting in a higher full employment level of output.
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| show | LRAS shift to the right, PPC shift outward
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| show | Granting tax credits for businesses in the construction sector
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| show | Private savings would increase and real interest rates would decrease in the loanable funds market, the nation’s production possibilities curve would shift outward, and its
curve would shift to the right.
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| Which of the following policies will most likely promote long-run economic growth? | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
brabshar000