ECONOMICS 1120180 - MULTIPLECHOICE. Figure16-5 90 RefertoFigure16-5.-AS inthefigureabove,iftheeconomyisat Binyear2,

ECONOMICS 1120180 - MULTIPLECHOICE. Figure16-5 90...

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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Figure 16 - 5 90)Refer to Figure 16-5.In the dynamic model ofAD-ASin the figure above, if the economy is atpointAin year 1 and is expected to go to pointBin year 2, Congress and the president wouldmost likely A) increase government spending.B) lower interest rates.C) increase oil prices.D) decrease government spending.E) increase taxes.Answer: A 90) Page Ref: 947 - 948/565 - 566 Learning Outcome: Macro - 6: Explain the aggregate supply - aggregate demand model. 91)Refer to Figure 16-5.In the dynamic model ofAD-ASin the figure above, if the economy is atpointAin year 1 and is expected to go to pointBin year 2, and no fiscal or monetary policy ispursued, then at pointB 91) Page Ref: 947 - 948/565 - 566 Learning Outcome: Macro - 6: Explain the aggregate supply - aggregate demand model. 21
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92)Refer to Figure 16-5.In the dynamic model ofAD-ASin the figure above, if the economy is atpointAin year 1 and is expected to go to pointBin year 2, Congress and the president wouldmost likely pursue 92) Page Ref: 947 - 948/565 - 566 Learning Outcome: Macro - 9: Discuss fundamental approaches to fiscal policy.
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