dgfhndyf

decrease in the price of a major resource

• AD left, move down the SRPC

• AD left, right shift the the SRPC

• SRAS left, movement up the SRPC

• SRAS right, SRPC left

productivity increases

• a

• b

• c

• d

If the MPC = .8 and businesses increase spending by 8 million, what is the value of the change to RGDP?

• 40 million

• • -40 million

• -64 million

• 64 million

productivity increases

• a

• b

• c

• d

If consumer income increases, then

• UR decreases

• AD shifts left

• SRAS shifts right

• NRU increases

If the MPC is . 75, then

• then the SM is 4 and the TM is 3

• then the SM is 3 and the TM is 4

• then the SM is 5 and the TM is 4

• then the SM is 4 and the TM is 5

If the MPC is . 75, then

• then the SM is 4 and the TM is 3

• then the SM is 3 and the TM is 4

• then the SM is 5 and the TM is 4

• then the SM is 4 and the TM is 5

Consumer confidence increases

• 
• 
• 
• 

Business taxes increase

• AD shifts left

• AD shifts right

• SRAS shifts left

• SRAS shifts right

If Interest rates increase, which of the following statements are true?

• AD shifts left, SRAS shifts left, LRAS shifts left, NRU increases

• AD shifts left, SRAS shifts left, LRAS shifts left, NRU decreases

• AD shifts right, SRAS shifts right, LRAS shifts right, NRU increases

• AD shifts right, SRAS shifts left, LRAS shifts left, NRU decreases