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PAGE 1 - PAGE 1 Name.Exam number Topic 14 Five Debates over...

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PAGE 1 Name .................................. Exam number ......................... Topic 14: Five Debates over Macroeconomic Policy Multiple Choice 1. Fluctuations in employment and output result from changes in a. aggregate demand only. b. aggregate supply only. c. aggregate demand and aggregate supply. d. neither aggregate demand nor aggregate supply. 2. Which of the following will happen if consumers become more pessimistic about the future of the economy? 3. "Leaning against the wind" is exemplified by 4. Those who desire that policymakers stabilize the economy would advocate which of the following when aggregate demand is insufficient to ensure full employment?
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