(03.03 MC) Which one of the following events will explain the leftward shift of the short-run supply curve?

(05.06 LC) Which of the following will increase the productivity and economic growth of a nation?

(05.02 MC) The graph below shows a shift in the short-run Phillips curve (SRPC) of an economy, due to an increase in input prices in the market.Which of the following is true in this scenario?

(05.05 MC) Following a government’s deficit spending, an equal amount of business spending and household loans are crowded out. Which of the following would be true in this scenario?

(04.07 MC) The following table shows the amount of money people would be willing to demand and supply for different rates of interest: Real rate of interest (%) Funds demanded ($) Funds supplied ($) 2 25000 10000 4 20000 13000 6 15000 15000 8 10000 17000 10 5000 20000 What is the equilibrium rate of real interest in this economy, and what will happen at a 10% interest rate?

(05.06 LC) The aggregate production function shows a positive relation between the output produced and capital used per worker. What does the slope of the production function signify?

(03.02 MC) If the marginal propensity to consume (MPC) is 0.8, then what should the magnitude of change in the tax levels be when the government wants to increase the national income by $3,000?

(04.07 MC) In a closed economy, national savings can be defined as the sum of

(05.03 MC) Assume that the money supply in an economy operating at its full-employment level increases by 4%. Which of the following statements is true in the long run?

(05.05 MC) Which of the following is true about the supply of loanable funds and interest rates when the government borrows money to finance its budget deficit?