(05.04 MC) The sum of government purchases and transfer payments for a given year is $1.2 trillion, while total government revenue was $1 trillion. If in the following year, the government spent more and took in less revenue, which of the following would be true?

(03.08 LC) Which of the following is a reason for a lag in discretionary fiscal policy?

(05.06 MC) Which of the following would lead to a rightward shift in the long-run aggregate supply curve?

(05.06 MC) The following table shows the values of Real GDP and population for two consecutive years of Country Z:   Real GDP (million) Population (million) Year 1 $200 50 Year 2 $300 60 Calculate the growth rate of real GDP per capita of Country Z.

(05.01 HC) Use the graph to answer the question that follows.Which of the following policy actions would lead to the shift shown in the graph?

(03.08 MC) If the government of a country decides to ________ spending on infrastructure development and increase ________, then it is trying to implement a contractionary fiscal policy.

(05.07 MC) The new budget of country B increases the funds allocated to building roads, railways, bridges, and schools. What will be the consequence of such a policy?

(06.03 MC) A much larger number of international students from Europe are planning to study in the United States. Which of the following statements concerning foreign exchange is true?

(05.02 MC) Which of the following changes will be seen because of a negative supply shock in the economy?

(05.06 MC) Which of the following is analogous to an outward shift in the production possibilities curve (PPC)?