Question 6 A currency exchange rate system under which the currency is determined by demand and supply, and occasional government Not yet intervention is a answered Marked out of O a. gold standard system. 1.00 O b. fixed currency system. Flag question O c. floating currency system. O d. managed float exchange rate system Question 7 Which of the following is the main goal of monetary policy in Australia? Not yet answered O a. Lowering the rate of unemployment Marked out of 1.00 O b. Increasing the value of the Australian dollar relative to other currencies Flag O c. Price stability question O d. Economic growthQUESUO\" 8 Which of the following statements is true? Not yet answered Marked out of O A. The average product of labour is at its minimum when the average product of labour equals the marginal product of labour 1.00 t7 Flag O B. The average product of labour is at its maximum when the average product of labour equals the marginal product of labour. question O C. The average product of labour tells us how much output changes as the quantity of workers hired changes. O D. Whenever the marginal product of labour is greater than the average product of labour the average product of labour must be decreasing Ques'ion 9 An increase in government purchases of $200 billion will shift the aggregate demand curve to the right by Not yet answered Marked Utf O a. $200 billion. 1.00 O b. less than $200 billion. \\V Flag ' . question O c. more than $200 billion. 0 d. None of these options is correct. This policy shifts the long-run aggregate supply curve. QUESUO\" 10 Which of the following is an example of discretionary fiscal policy? Not yet answerEd O a. An increase in the number of unemployment benefit payments during a recession clue to rising unemployment. Marked out of 100 O b. An increase in income tax receipts during an expansion because incomes are rising. \\v Flag 0 c. Increase in interest rate to combat inflation. question 0 d. _ 7 ...E