QUESTION 1 Which of the following describes a possible Keynesian solution to inflation? OA tax increase...
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QUESTION 1 Which of the following describes a possible Keynesian solution to inflation? OA tax increase on consumer income. O A reduction in taxes for businesses that increase investment. O A surge in military spending. O A major increase in what the U.S. government spends on healthcare. QUESTION 2 Keynes believed that recessions would most likely be caused by: O Too little aggregate supply. O Too little aggregate demand. O Too much aggregate supply. Too much aggregate demand. QUESTION 3 During a recession, the aggregate demand curve O Stays the same. O Shifts to the right. Shifts upward. Shifts to the left. QUESTION 4 Which of the following does NOT affect consumption? O Disposable Income O Wealth The availability of credit O All of the above DO affect consumption /blackboard.sanjac.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_466726_1&co QUESTION 5 Which of the following would cause investment to increase? O The interest rate rises O Businesses become more optimistic about future profits O Businesses become less optimistic about future profits O Government increases business taxes QUESTION 6 Which group did Keynes believe had the power to move aggregate demand during recessions O Consumers Businesses O The government O Foreign purchasers QUESTION 7 If the US wanted to increase exports to increase aggregate demand, it could O Use old technologies Decrease imports from other countries Increase the value of the dollar O Lower the value of the dollar QUESTION 8 Which of the following would NOT cause the AD curve to shift to the right? O The dollar depreciates relative foreign currencies O Technological innovations increase investment spending O An increase in taxes decreases disposable income O The government increases social program spending QUESTION 1 Which of the following describes a possible Keynesian solution to inflation? OA tax increase on consumer income. O A reduction in taxes for businesses that increase investment. O A surge in military spending. O A major increase in what the U.S. government spends on healthcare. QUESTION 2 Keynes believed that recessions would most likely be caused by: O Too little aggregate supply. O Too little aggregate demand. O Too much aggregate supply. Too much aggregate demand. QUESTION 3 During a recession, the aggregate demand curve O Stays the same. O Shifts to the right. Shifts upward. Shifts to the left. QUESTION 4 Which of the following does NOT affect consumption? O Disposable Income O Wealth The availability of credit O All of the above DO affect consumption /blackboard.sanjac.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_466726_1&co QUESTION 5 Which of the following would cause investment to increase? O The interest rate rises O Businesses become more optimistic about future profits O Businesses become less optimistic about future profits O Government increases business taxes QUESTION 6 Which group did Keynes believe had the power to move aggregate demand during recessions O Consumers Businesses O The government O Foreign purchasers QUESTION 7 If the US wanted to increase exports to increase aggregate demand, it could O Use old technologies Decrease imports from other countries Increase the value of the dollar O Lower the value of the dollar QUESTION 8 Which of the following would NOT cause the AD curve to shift to the right? O The dollar depreciates relative foreign currencies O Technological innovations increase investment spending O An increase in taxes decreases disposable income O The government increases social program spending
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Answer 1A tax increase on consumer income By increasing or decreasing taxes the government affects h... View the full answer
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