Someone please help with maroeconomics assignment?

Posted on 2015-01-19 06:30:00 in Economics by JENNIFER

Multiple Choice

1. If consumer wealth increases as the stock market rebounds, then there is a movement down the AD curve as output decreased.

AD shifts right and output would decrease.

AD shifts right and output would increase.

AD shifts left and output would decrease.

AD shifts left and the output would increase.





2. Congress decreases personal income taxes. Which determinant of aggregate demand causes the change?

Price

Consumer spending

Investment spending

Government spending

Net exports

Productivity

Resource cost

Government intervention (taxes, subsidies, or regulations)

None of the above





3. If interest rates increase, then there is a movement down the AD curve as output decreased.

AD shifts right and output would decrease.

AD shifts right and output would increase.

AD shifts left and output would decrease.

AD shifts left and the output would increase.





4. The Government Accounting Office (GAO) announces deep cuts to social security, Medicare, and welfare programs. Which determinant of aggregate demand causes the change?

Price

Consumer spending

Investment spending

Government spending

Net exports

Productivity

Resource cost

Government intervention (taxes, subsidies, or regulations)

None of the above

---

Answer Comment

No Answers Posted Yet.