Exam 16: Supply-Side Policy: Short-Run Options

In 2003,tax rates on dividends and capital gains were ________,making investment ________.

Demand-side policies alone result in which of the following?

Investment in human capital shifts the aggregate supply curve leftward.

According to supply-side theory,which of the following would shift the aggregate supply curve leftward?

A rightward shift of the Phillips curve implies an increase in both unemployment and inflation.

A horizontal aggregate supply curve below the level of full employment is most consistent with which of the following views of the economy?

Deregulation will cause the Phillips curve to shift to the right.

Increased investment in infrastructure will shift

In the simple Keynesian model,

Which of the following will cause an increase in unemployment and inflation at the same time?

A movement along the Phillips curve shows that the unemployment rate and inflation rate are

Extreme monetarists assert that changes in the money supply

The Fair Labor Standards Act of 1938

Which of the following contributes to stagflation?

A World View article titled "Japan Sees Quake Damage Bill of Up to $309 Billion,Almost Four Katrinas" implies that the most likely impact from power shortages from this destruction would be

A rightward shift in aggregate demand will cause an increase in output and no change in the price level if aggregate supply is

Which of the following is a goal of supply-side policy?

Which of the following will occur because of a rightward shift of the Phillips curve?

According to supply-side theory,which of the following would cause a leftward shift in the aggregate supply curve?

Tax incentives that encourage saving,investment,and work will shift the AS curve to the right.