A change in aggregate supply would be caused by a change in: O the quantity of real output supplied. O the price level.
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
A change in aggregate supply would be caused by a change in: O the quantity of real output supplied. O the price level.
QUESTION 31 Firms that help corporations and governments raise money by selling stocks and bonds are known as: O investment banks. O mutual fund companies. O thrifts. O insurance companies. QUESTION 32 The cyclically adjusted deficit as a percentage of GDP is 2 percent in year 1. This deficit becomes 3 percent of GDP in year 2. It can be concluded from year 1 to year 2 that: O the federal government is decreasing spending. fiscal policy was expansionary. Ofiscal policy was contractionary. O the federal government is increasing taxes. QUESTION 33 A bank owns a 10-story office building. In the bank's balance sheet, this would be an example of: an asset. a liability. a checkable deposit. capital stock. QUESTION 34 The following is budget information for a hypothetical economy. All data are in billions of dollars. Year Government Spending Tax Revenues GDP 1 $1,100 $1,000 $10,000 2 1,250 1,400 10,200 3 1,450 1,450 10,500 4 1,600 1,500 10,900 5 1,800 1,550 11,200 Refer to the above data. What year is the budget deficit $250 billion? O Year 2 O Year 4 Year 5 Year 3
A change in aggregate supply would be caused by a change in: O the quantity of real output supplied. O the price level. O input prices. O aggregate demand.