IHW5ANS - Ihw5 Question2 Single Correct Keynesians believe...

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Ihw5 Question2 - Single Correct 1.0 Point Keynesians believe A in laissez-faire . B that equilibrium may exist at less than full employment. C in the use of fiscal policy to stabilize the economy. D b and c E all of the above Question3 - Single Correct 1.0 Point Fluctuations in consumption A are noticeably smaller during recessions than during expansions B are roughly similar to fluctuations in investment C are roughly similar to fluctuations in GDP D are closely followed by economic forecasters because those fluctuations often signal that a recession will occur E account for most of the variability in GDP Question7 - Single Correct 1.0 Point If the MPC is 0.75, a decrease in net taxes of $100 billion will increase the equilibrium level of real GDP by A $75 billion B $100 billion C $300 billion D $400 billion E $500 billion Question21 - Single Correct 1.0 Point Given the following information if government purchases increased to $300, equilibrium real GDP demanded would increase by Real GDP Consumption Planned investment
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