16) From the point in question 12, what needs to be done using Aggregate Supply to...
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16) From the point in question 12, what needs to be done using Aggregate Supply to get back to full employment? A) Increase income taxes C) Provide retraining programs B) Fed to purchase government bonds D) Increase the minimum wage 17) If Americans' Income rises due to strong growth, what would happen in the consumer market? A) D shifts right B) S shifts right C) D shifts left D) S shifts left 18) From question 17, what would happen to the AD/AS graph? A) AD shifts left B) AS shifts right C) AD shifts right D) AS shifts left 19) If the Organization of Petroleum Countries (OPEC) halts the supply of petroleum today, what would happen in the consumer market? A) D shifts right B) S shifts right C) D shifts left D) S shifts left 20) From question 19, what would happen to the AD/AS graph? A) AD shifts left B) AS shifts right C) AD shifts right D) AS shifts left 21) If the Federal Reserve sells U.S. bonds, what would happen in the money market? A) Money supply shifts right B) IS curve shifts left C) Money supply shifts left D) LM curve shifts right 22) From question 21, what would happen to the AD/AS graph? A) AD shifts left B) AS shifts right C) AD shifts right D) AS shifts left 16) From the point in question 12, what needs to be done using Aggregate Supply to get back to full employment? A) Increase income taxes C) Provide retraining programs B) Fed to purchase government bonds D) Increase the minimum wage 17) If Americans' Income rises due to strong growth, what would happen in the consumer market? A) D shifts right B) S shifts right C) D shifts left D) S shifts left 18) From question 17, what would happen to the AD/AS graph? A) AD shifts left B) AS shifts right C) AD shifts right D) AS shifts left 19) If the Organization of Petroleum Countries (OPEC) halts the supply of petroleum today, what would happen in the consumer market? A) D shifts right B) S shifts right C) D shifts left D) S shifts left 20) From question 19, what would happen to the AD/AS graph? A) AD shifts left B) AS shifts right C) AD shifts right D) AS shifts left 21) If the Federal Reserve sells U.S. bonds, what would happen in the money market? A) Money supply shifts right B) IS curve shifts left C) Money supply shifts left D) LM curve shifts right 22) From question 21, what would happen to the AD/AS graph? A) AD shifts left B) AS shifts right C) AD shifts right D) AS shifts left
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The detailed answer for the above question is provided below 10 Aggregate Supply AS represents the total quantity of goods and services that firms in ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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