Macroeconomics Questions
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Which would be one of the factors that shift the aggregate demand curve? A change in:
When nominal GDP is $800 billion and, on average, each dollar is spent four times in the economy over a year, the quantity of money demanded for transactions purposes will be:
In which of the following U.S. cities is one of the twelve Federal Reserve Banks located?
When money serves as a means for determining the relative worth of goods, services and resources, it is functioning as a:
If the government adopts a "hands off" approach to cost-push inflation in the economy, then there is likely to be:
The long-run aggregate supply curve is assumed to be:
Which product is a leading export of the United States?
The largest component of money supply (M1) is:
Trade between individuals and between nations leads to:
One major advantage of the medium of exchange function of money is that it allows society to:
A contractionary fiscal policy can be illustrated by a(n):
A fall in prices of imported resources will cause aggregate:
A wealthy executive is holding money for a good time to invest in the stock market. This action would be an example of the:
When the Federal government takes action to change taxes and spending to stimulate the economy such policy is:
Which group has a direct responsibility for providing analysis, advice and assistance to the U.S. president on economic matters?
According to the principle of comparative advantage, worldwide output and consumption levels will be highest when goods are produced in nations where:
If the Congress passes legislation to cut taxes to counter the effects of a sever recession, then this would be an example of a:
An increase in the real value of stock prices, which is independent of a change in the price level, would affect aggregate demand due to:
If unemployed workers become discouraged and give up trying to find work, the number of workers employed and the unemployment rate would change in which of the following ways?
Assume the reserve requirement for demand deposits is 20%, that banks hold no excess reserves, and that the public holds no currency. If the central bank sells $10,000 worth of government securities to commercial banks, the total money supply will-
