hw2questions

hw2questions - Hw 2, Due by Dec 1, 2010 MULTIPLE CHOICE....

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Hw 2, Due by Dec 1, 2010 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The aggregate demand curve 1) _______ A) has a negative slope. B) is horizontal. C) is vertical. D) has a positive slope. 2) In the above figure, if the economy is at point a , an increase in ________ will move the economy to ________. 2) _______ A) real wealth from the fall in the price level; point b B) real wealth from the fall in the price level; point c C) expected future income; point d D) expected future income; point c 3) A change in ________ creates a movement along the aggregate demand curve, while a change in ________ shifts the aggregate demand curve. 3) _______ A) real wealth; human capital B) the price level; government expenditures C) foreign income; the foreign exchange rate D) expected profits; tax rates
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4) In the above figure, the economy will be at full employment if the price level 4) _______ A) is below 100. B)
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hw2questions - Hw 2, Due by Dec 1, 2010 MULTIPLE CHOICE....

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