Quiz 7.docx - Question 1 The Laffer curve is a graph of the...

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Question 1 The Laffer curve is a graph of the relationship between tax rates and: Total tax revenues Question 2 Which of the following could not be expected to shift the aggregate demand curve? A change in real GDP Question 3 Exhibit 14-8 Aggregate demand and supply In Exhibit 14-8, if aggregate demand shifts from AD 2 to AD 1 , real GDP will: Fall from 4 to 3 and the price level won’t change Question 4 Unemployment compensation payments: Fall during periods of prosperity Question 5 A reduction in regulation will shift the aggregate: Supply curve rightward Question 6 The horizontal segment of the aggregate supply curve: Shows real GDP can increase w/o affecting price level Question 7 Supply-side economics calls for: All of the above Question 8
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Advances in technology will shift the aggregate: Supply curve rightward Question 9 Demand pull inflation is associated with an: Increase in AD Question 10 Exhibit 14-8 Aggregate demand and supply In Exhibit 14-8, if aggregate demand shifts from AD 3 to AD 4 , real GDP will: Rise and price level will fall.
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