Summer11-Chpt 11 Homework

Summer11-Chpt 11 Homework - Macroeconomics Summer 2011...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Macroeconomics Summer 2011 Chapter 11 Homework (Due 07/18/2011) Student: ___________________________________________________________________________ 1. According to Keynes, the level of economic activity is predominantly determined by the level of: A. Aggregate supply. B. Aggregate demand. C. Unemployment. D. Interest rates. 2. Nearly half of the federal government's tax revenues comes from: A. Social Security payroll taxes. B. Customs, whiskey, and tobacco taxes. C. Individual income taxes. D. Corporate income taxes. 3. Which of the following is generally considered a desirable outcome of fiscal policy? A. More jobs B. Higher unemployment rates C. A higher price level D. Greater deficits 4. Which of the following is a fiscal policy tool used to stimulate the economy? A. Lower interest rates B. Increased imports C. Reducing inefficient employment of resources D. Increased government purchases 5. The total change in aggregate spending generated by increased government spending depends on the: 5....
View Full Document

Page1 / 2

Summer11-Chpt 11 Homework - Macroeconomics Summer 2011...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online