Question 1

The Reagan administration's 1981 investment tax changes were designed to

Accepted Answer

A) stimulate aggregate demand and thereby reduce unemployment 
B) stimulate aggregate demand and thereby increase economic growth 
C) stimulate aggregate supply and thereby increase economic growth 
D) decrease aggregate demand in order to reduce inflation 
E) increase tax revenues to reduce the federal budget deficit 
A) stimulate aggregate demand and thereby reduce unemployment 
B) stimulate aggregate demand and thereby increase economic growth 
C) stimulate aggregate supply and thereby increase economic growth 
D) decrease aggregate demand in order to reduce inflation 
E) increase tax revenues to reduce the federal budget deficit

Question 2

Which of the following is true about U.S.business cycle activity since 1933?

Accepted Answer

A) There has been only one business cycle in the last 30 years. 
B) There have been only two or three complete cycles. 
C) There have been no recessions since 1979. 
D) Expansions have generally lasted longer than contractions. 
E) Each cycle has lasted longer than the previous one. 
A) There has been only one business cycle in the last 30 years. 
B) There have been only two or three complete cycles. 
C) There have been no recessions since 1979. 
D) Expansions have generally lasted longer than contractions. 
E) Each cycle has lasted longer than the previous one.

Question 3

In combating stagflation,a government-induced

Accepted Answer

A) increase in aggregate demand would help reduce inflation but aggravate unemployment 
B) decrease in aggregate demand would help reduce unemployment but aggravate inflation 
C) increase in aggregate demand would help reduce unemployment but aggravate inflation 
D) decrease in aggregate demand would help reduce both unemployment and inflation 
E) increase in aggregate demand would help reduce both unemployment and inflation 
A) increase in aggregate demand would help reduce inflation but aggravate unemployment 
B) decrease in aggregate demand would help reduce unemployment but aggravate inflation 
C) increase in aggregate demand would help reduce unemployment but aggravate inflation 
D) decrease in aggregate demand would help reduce both unemployment and inflation 
E) increase in aggregate demand would help reduce both unemployment and inflation

Question 4

Which of the following best describes a flow (rather than a stock)?

Accepted Answer

A) you own $5,000 worth of government bonds 
B) you own a $100,000 house 
C) you own a coin collection valued at $10,000 
D) you earn $500 per week 
E) you own a $45,000 automobile 
A) you own $5,000 worth of government bonds 
B) you own a $100,000 house 
C) you own a coin collection valued at $10,000 
D) you earn $500 per week 
E) you own a $45,000 automobile

Question 5

For a fixed aggregate supply curve,decreases in aggregate demand increase real GDP.

Accepted Answer

A) True 
 B)False

The Reagan administration's 1981 investment tax changes were designed to

Which of the following is true about U.S.business cycle activity since 1933?

In combating stagflation,a government-induced

Which of the following best describes a flow (rather than a stock)?

For a fixed aggregate supply curve,decreases in aggregate demand increase real GDP.

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Economic Decision Makers

Demand, supply, and Markets

Tracking the Useconomy

Unemployment and Inflation

Productivity and Growth

Aaggregate Expenditure and Aggregate Demand

Baggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

Externalities and the Environment

International Finance

Economic Development

understanding Graphs

National Income Accounts

The Algebra of Demand-Side Equilibrium

Filters

Exam 5: Introduction to Macroeconomics

The Reagan administration's 1981 investment tax changes were designed to

Which of the following is true about U.S.business cycle activity since 1933?

In combating stagflation,a government-induced

Which of the following best describes a flow (rather than a stock)?

For a fixed aggregate supply curve,decreases in aggregate demand increase real GDP.

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Economic Decision Makers

Demand, supply, and Markets

Tracking the Useconomy

Unemployment and Inflation

Productivity and Growth

Aaggregate Expenditure and Aggregate Demand

Baggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

Externalities and the Environment

International Finance

Economic Development

understanding Graphs

National Income Accounts

The Algebra of Demand-Side Equilibrium

Filters