Macroeconomics Questions
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An open-market purchase of government bonds accompanied by a decrease in income taxes will result in which of the following in the short run?
Suppose the nominal GDP is $25 million, the price level is 1.25, and the central bank has set the money supply at $10 million. What is the real GDP and the velocity of money according to the quantity theory of money?
An economy is in short-run equilibrium as illustrated by the graph above. Which of the following combinations of policy actions would definitely move the economy toward long-run equilibrium?
Country X's economy is in an inflationary gap. Which of the following combinations of fiscal and monetary policy actions would restore full employment in the short run?
An increase in Aggregate Supply leads to a ____________________ in Real GDP and ____________________ in Price Level.
An Increase in Aggregate Demand leads to an ______________ in Real GDP and ____________ in Price Level.
A decrease in Aggregate Demand leads to a _______________________ in Real GDP and __________________ in Price Level
A decrease in Aggregate Supply leads to a _________________ in Real GDP and _______________________ in Price Level
in order to find per capita gdp take the gdp and divide it by the
If a country's price of goods and services rises, then the country's ____ will also increase.
Nominal GDP does/does not account for the effect of inflation over time.
GDP is the dollar value of all final ___ and ___ produced with a __ borders in the given year.
What happens to the distribution of income as counties develop ?
What percent of the world's output does the U.S produce
What is he U. S per capita compared to the world average
Intermediate goods, nonproduction transactions, and nonmarket/illegal activities
In a closed economy with lump sum taxes, if the marginal propensity to consume increased from 0.5 to 0.75, the simple spending multiplier and the marginal propensity to save (MPS) would change min which of the following ways?
An increase in the price of a key input will cause the aggregate demand curve and the short-run aggregate supply curve to change in which of the following ways?
Assume that the marginal propensity to consume is 0.90. As a result of an increase in the tax rates, the government collects an additional $20 million. What will be the impact on gross domestic product (GDP) ?
According to the income and consumption schedules shown above, the marginal propensity to consume is