ECON101 exam 9, topic 14 actual attempt 1.docx - ECON101_MH_V3Topic 14 Monetary Policy and the Economy Started on State Thursday 1:44 PM Finished

ECON101 exam 9, topic 14 actual attempt 1.docx -...

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ECON101_MH_V3Topic 14: Monetary Policy and the EconomyStarted onThursday, January 23, 2020, 1:44 PMStateFinishedCompleted onThursday, January 23, 2020, 2:20 PMTime taken35 mins 26 secsGrade55.00 out of 55.00 (100%)Question 1Correct2.75 points out of 2.75Not flaggedFlag questionQuestion textWhen the economy is in short-run equilibrium, there will be ______ output gap.Select one:a. nob. only a recessionaryc. either a recessionary or an expansionary Correctd. only an expansionaryFeedbackThe correct answer is: either a recessionary or an expansionaryQuestion 2Correct2.75 points out of 2.75Not flaggedFlag questionQuestion text
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ______ in the inflation rate, leading to a(n) ______ in output.Select one:a. increase; increaseb. increase; decrease Correctc. decrease; increased. decrease; decreaseFeedbackThe correct answer is: increase; decreaseQuestion 3Correct2.75 points out of 2.75Not flaggedFlag questionQuestion textFor a given inflation rate, if a resolution of international disputes leads to a cutback in government military spending, then the ______ shifts _____.Select one:a. aggregate demand curve; rightb. aggregate demand curve; left Correctc. aggregate supply curve; leftd. aggregate supply curve; rightFeedbackThe correct answer is: aggregate demand curve; leftQuestion 4
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Correct2.75 points out of 2.75Not flaggedFlag questionQuestion textFor a given inflation rate, if bright prospects for the future of the economy cause businesses to increase spending on new capital, then the ______ shifts _____.Select one:a. aggregate demand curve; right Correctb. aggregate demand curve; leftc. aggregate supply curve; leftd. aggregate supply curve; rightFeedbackThe correct answer is: aggregate demand curve; rightQuestion 5Correct2.75 points out of 2.75Not flaggedFlag questionQuestion textChanges in planned spending that shift the aggregate demand curve are those:Select one:a. caused by changes in output.b. caused by changes in the inflation rate.c. caused by changes in output and changes in the real interest rate.
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