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ch12 - ch12 Student 1 During the Great Depression Keynes...

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ch12 Student: ___________________________________________________________________________ 1. During the Great Depression, Keynes advocated the use of _____ policy to increase the _____ goods and services. A. Monetary; demand for B. Fiscal; demand for C. Monetary; supply of D. Fiscal; supply of 2. Which of the following relies on government taxes and spending to change macro outcomes? A. Fiscal policy B. Monetary policy C. Income policy D. Foreign-trade policy 3. What fiscal policy tools are used to shift the aggregate demand curve? 4. Fiscal policy includes: 5. Fiscal policy includes: 6. The total quantity of output demanded at alternative price levels refers to: A. Macro equilibrium. B. Consumption. C. Market demand. D. Aggregate demand. 7. Which of the following could cause a recession? 8. Inflation occurs when:
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9. The four components of aggregate demand are: 10. Which of the following is the largest component of aggregate demand for the U.S. economy? A. Consumption B. Government expenditures C. Business investment D. Net exports 11. Which of the following is not a component of aggregate demand? 12. Expenditure by households on final goods and services is referred to as: 13. An improvement in consumer confidence will cause:
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