during an economic boom are called: discretionary fiscal policy. supply-side programs. automatic stabilizers. tax credits. 0 / 1 pts Question 5 Incorrect On a graph showing the influence of automatic stabilizers on the economy, tax revenues and real GDP have a(n): direct relationship as shown by an upward-sloping line T. direct relationship as shown by a downward-sloping line T. inverse relationship as shown by an upward-sloping line T. inverse relationship as shown by a downward-sloping line T.
5/8/2019 M13: Quiz: 00A-Spring 2019-Economics Fundamentals CAFE 4/6 1 / 1 pts Question 6 A decrease in real GDP would affect the U.S. economy by: cutting tax revenues and raising government expenditures. cutting government expenditures and raising tax revenues. raising both tax revenues and government expenditures. cutting both government expenditures and tax revenues. 1 / 1 pts Question 7 If the marginal propensity to consume (MPC) is 0.75, and if the goal is to increase real GDP by $400 million, then by how much would government spending have to change to generate this increase in real GDP? $140 million. $100 million. $200 million. $400 million. 0 / 1 pts Question 8 Incorrect Incorrect Exhibit 15-8 Aggregate demand and supply curves
5/8/2019 M13: Quiz: 00A-Spring 2019-Economics Fundamentals CAFE 5/6
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