Question: Can you please help me answer these multiple choice: Question 10 Faced with an adyerse supply shock, the economy experiences an aggregate-supply curye shift to

Can you please help me answer these multiple choice:

Can you please help me answer these multiple choice: Question 10 Faced

Question 10 Faced with an adyerse supply shock, the economy experiences an aggregate-supply curye shift to the: C} left. and this shift is associated with a shift in the short-run Phillips curve to the right C} left. and this shift is associated with a shift in the short-run Phillips curve to the left C} right. and this shift is associated with a shift in the short-run Phillips curve to the left C} right. and this shift is associated with a shift in the short-run Phillips curve to the right Question 11 Automatic stabilisers: C} are changes in fiscal policy that stimulate aggregate demand automatically when the economy goes into a recession C} are changes in fiscal policy that restrain aggregate demand automaticalty when the economy is growing too fast C} reduce the problems that lags cause in using fiscal policy as a stabilisation tool C} all of the options Question 12 Suppose we observe that an increase in government spending of $10 billion raises the total aggregate demand by $40 billion. If there is no crowding-out effect, what would be the marginal propensity to consume? C} o4 O ozs C} 4 o oss

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!