Macroeconomics homework Help!!!

Posted on 2014-04-03 11:22:00 in Economics by COURTNEY

1. An increase in government spending, other things constant, would cause a

a. movement toward equilibrium, along curves that do not shift

b. leftward shift of the aggregate demand curve

c. rightward shift of the aggregate demand curve

d. leftward shift of the aggregate supply curve

e. rightward shift of the aggregate supply curve



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

a. each week you buy $50 worth of groceries

b. each week you buy $10 worth of gasoline

c. you own $5,000 worth of government bonds

d. you earn $500 per week at your job

e. each week you save $100



3. A period of sustained growth of output in the economy is referred to as a(n)

a. recession

b. expansion

c. trough

d. contraction

e. peak



4. Which of the following is a stock variable?

a. the federal government's budget deficit

b. consumer income

c. total expenditure

d. the federal government's debt

e. business spending on capital equipment



5. Which of the following is not the proper subject matter for macroeconomics?

a. the role of government

b. inflation rates

c. levels of national output

d. the price of corn

e. unemployment levels



6. When output __________, employment is expected to __________.

a. falls; remain constant

b. remains constant; fall

c. rises; rise

d. falls; rise

e. rises; fall



7. Suppose the economy is initially in equilibrium and then an energy shock occurs, such as when OPEC raised oil prices. Which of the following is likely to result?

a. Both the price level an

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