Worksheetsdgfhndyf
Total questions: 19
Worksheet time: 10mins
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
Stock prices increase
a
b
c
d
what could have caused this?
SRAS shifted left
SRAS shifted right
AD shifted right
AD shifted left
Interest rates decrease
a and c
b and d
c and b
d and a
Consumer confidence increases
What happens to the LRAS if interest rates increase
LRAS increases, NRU increases
LRAS increases, NRU decreases
LRAS decreases, NRU increases
LRAS decreases, NRU decreases
What could have caused this?
Increased productivity or increased capital stock
decreased productivity and decreased capital
what could have caused this?
SRAS shifted left
SRAS shifted right
AD shifted right
AD shifted left
Stock prices decrease
AD left, move down the SRPC
AD left, right shift the the SRPC
SRAS left, movement up the SRPC
SRAS right, SRPC left
If there is a 180 billion dollar gap, how much would the government have to decrease taxes to close the gap if the MPC is .9
20 billion
18 billion
9 billion
10 billion
