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1、53) Which of the following statements is FALSE?A) Fiscal policy is the attempt to influence the economy using taxes, transfer payments, and government expenditures.B) Government expenditure affects aggregate demand directly because government expenditure is a component of aggregate demand.C) Taxes a
2、nd transfer payments affect aggregate demand by changing disposable income.D) An increase in disposable income leads to a decrease in aggregate demand.Answer: DTopic: Changes in Aggregate Demand, Fiscal PolicySkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking54) A dec
3、rease in government transfer paymentsA) increases aggregate demand.B) increases the aggregate quantity demanded.C) decreases the aggregate quantity demanded.D) decreases aggregate demand.Answer: DTopic: Changes in Aggregate Demand, Transfer PaymentsSkill: ConceptualQuestion history: Previous edition
4、, Chapter 10AACSB: Reflective Thinking55) An increase in government expenditure on goods and servicesA) increases aggregate demand.B) increases the aggregate quantity demanded.C) decreases the aggregate quantity demanded.D) decreases aggregate demand.Answer: ATopic: Changes in Aggregate Demand, Gove
5、rnment ExpenditureSkill: ConceptualQuestion history: Previous edition, Chapter 10AACSB: Reflective Thinking56) A decrease in government expenditure on goods and servicesA) increases aggregate demand.B) increases the aggregate quantity demanded.C) decreases the aggregate quantity demanded.D) decrease
6、s aggregate demand.Answer: DTopic: Changes in Aggregate Demand, Government ExpenditureSkill: ConceptualQuestion history: Previous edition, Chapter 10AACSB: Reflective Thinking57) A decrease in government expenditure shifts the AD curve _ and a decrease in taxes shifts the AD curve _.A) rightward; ri
7、ghtwardB) rightward; leftwardC) leftward; rightwardD) leftward; leftwardAnswer: CTopic: Changes in Aggregate Demand, Government ExpenditureSkill: AnalyticalQuestion history: Previous edition, Chapter 13AACSB: Analytical Skills58) Which of the following shifts the aggregate demand curve leftward?A) a
8、n increase in consumption expendituresB) a decrease in taxesC) a decrease in government expenditures on goods and servicesD) an increase in net exports of goods and servicesAnswer: CTopic: Changes in Aggregate Demand, Government ExpenditureSkill: ConceptualQuestion history: Previous edition, Chapter
9、 10AACSB: Reflective Thinking59) Disposable income _ when _.A) decreases; taxes increaseB) decreases; transfer payments increaseC) increases; government expenditures decreaseD) decreases; aggregate income increasesAnswer: ATopic: Changes in Aggregate Demand, TaxesSkill: ConceptualQuestion history: P
10、revious edition, Chapter 10AACSB: Reflective Thinking60) The aggregate demand curveA) shifts rightward when the price level increases and leftward when the price level falls.B) shifts rightward when taxes are decreased.C) shifts rightward when foreign incomes decrease and shifts leftward when foreig
11、n incomes increase.D) does not shift, unlike market demand curves.Answer: BTopic: Changes in Aggregate Demand, TaxesSkill: RecognitionQuestion history: Previous edition, Chapter 10AACSB: Reflective Thinking61) If taxes are increased, the AD curveA) is not affected because a change in taxes is a nomi
12、nal change not real change.B) shifts rightward and aggregate demand decreases.C) shifts leftward and aggregate demand decreases.D) does not shift but there is a movement down along the curve.Answer: CTopic: Changes in Aggregate Demand, TaxesSkill: ConceptualQuestion history: Previous edition, Chapte
13、r 10AACSB: Reflective Thinking62) Which of the following shifts the aggregate demand curve rightward?A) a decrease in government expenditureB) expectations that future incomes will fallC) a decrease in the quantity of money and an increase in interest ratesD) a tax cutAnswer: DTopic: Changes in Aggr
14、egate Demand, TaxesSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking63) Which of the following decreases aggregate demand?A) The government increases taxes on both business and personal income.B) Foreign incomes rise.C) The quantity of money in the economy increases.
15、D) Households believe that the economy is headed for good times, with higher future incomes.Answer: ATopic: Changes in Aggregate Demand, TaxesSkill: ConceptualQuestion history: Previous edition, Chapter 10AACSB: Reflective Thinking64) Which of the following increases aggregate demand?A) a decrease i
16、n taxesB) a decrease in foreign incomeC) a decrease in government expenditureD) a rise in the interest rateAnswer: ATopic: Changes in Aggregate Demand, TaxesSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking65) Which of the following shifts the aggregate demand curve
17、rightward?A) an increase in the tax rateB) a decrease in the price levelC) an increase in the quantity of moneyD) an increase in the exchange rateAnswer: CTopic: Changes in Aggregate Demand, MoneySkill: RecognitionQuestion history: Previous edition, Chapter 10AACSB: Reflective Thinking66) Which of t
18、he following increases aggregate demand?A) an increase in taxesB) an increase in the quantity of moneyC) an increase in the exchange rateD) a decrease in government expendituresAnswer: BTopic: Changes in Aggregate Demand, MoneySkill: ConceptualQuestion history: Previous edition, Chapter 10AACSB: Ref
19、lective Thinking67) If the quantity of money increases, theA) price level rises and the AD curve does not shift.B) AD curve shifts leftward and aggregate demand decreases.C) AD curve does not shift and there is a movement upward along the curve.D) AD curve shifts rightward and aggregate demand incre
20、ases.Answer: DTopic: Changes in Aggregate Demand, MoneySkill: ConceptualQuestion history: Previous edition, Chapter 10AACSB: Reflective Thinking68) Which of the following shifts the aggregate demand curve rightward?A) a decrease in the price levelB) a decrease in government expendituresC) an increas
21、e in the quantity of moneyD) a decrease in transfer paymentsAnswer: CTopic: Changes in Aggregate Demand, MoneySkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking69) The U.S. aggregate demand curve shifts leftward ifA) the economic conditions in Europe improve so that E
22、uropean incomes increase.B) there is a tax cut.C) the Federal Reserve hikes the interest rate.D) the exchange rate falls.Answer: CTopic: Changes in Aggregate Demand, MoneySkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking70) Which of the following increases aggregate
23、demand and shifts the AD curve rightward?A) a fall in the price levelB) an increase in the quantity of money and a resulting fall in the interest rateC) predictions of a recession that lead to expectations of lower future incomeD) an increase in the exchange rate that makes imports less expensiveAns
24、wer: BTopic: Changes in Aggregate Demand, MoneySkill: ConceptualQuestion history: Previous edition, Chapter 10AACSB: Reflective Thinking71) Aggregate demand increases if the quantity of money _.A) decreases or tax rates increaseB) or transfer payments decreaseC) remains constant or tax rates increas
25、eD) increases or tax rates decreaseAnswer: DTopic: Changes in Aggregate Demand, MoneySkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking72) The U.S. exchange rate rises. As a result, there is aA) movement along the U.S. aggregate demand curve but the curve does not shi
26、ft.B) rightward shift in the U.S. aggregate demand curve.C) leftward shift in the U.S. aggregate demand curve.D) rightward shift in the long-run U.S. aggregate supply curve.Answer: CTopic: Changes in Aggregate Demand, Foreign Exchange RateSkill: ConceptualQuestion history: Previous edition, Chapter
27、10AACSB: Reflective Thinking73) When the exchange rises, then theA) AD curve shifts rightward.B) AD curve shifts leftward.C) LAS curve shifts rightward.D) LAS curve shifts leftward.Answer: BTopic: Changes in Aggregate Demand, Foreign Exchange RateSkill: ConceptualQuestion history: Modified 10th edit
28、ionAACSB: Reflective Thinking74) Suppose the exchange rate falls from $1.20 Canadian per U.S. dollar to $1.10 Canadian per U.S. dollar. U.S. exports will _, U.S. imports will _, and U.S. aggregate demand will _.A) decrease; increase; decreaseB) decrease; increase; increaseC) increase; decrease; incr
29、easeD) increase; increase; increaseAnswer: CTopic: Changes in Aggregate Demand, Foreign Exchange RateSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking75) A decrease in foreign incomesA) increases aggregate demand in the United States.B) increases the aggregate quanti
30、ty demanded in the United States.C) decreases the aggregate quantity demanded in the United States.D) decreases aggregate demand in the United States.Answer: DTopic: Changes in Aggregate Demand, Foreign IncomesSkill: ConceptualQuestion history: Previous edition, Chapter 10AACSB: Reflective Thinking7
31、6) An increase in foreign incomesA) increases aggregate demand in the United States.B) increases the aggregate quantity demanded in the United States.C) decreases the aggregate quantity demanded in the United States.D) decreases aggregate demand in the United States.Answer: ATopic: Changes in Aggreg
32、ate Demand, Foreign IncomesSkill: ConceptualQuestion history: Previous edition, Chapter 10AACSB: Reflective Thinking77) In the above figure, the economy is initially at point B. If the government decreases transfer payments, there isA) a movement to point C.B) a movement to point A.C) a shift to AD2
33、.D) a shift to AD1.Answer: CTopic: Changes in Aggregate Demand, Transfer PaymentsSkill: AnalyticalQuestion history: Previous edition, Chapter 10AACSB: Analytical Skills78) In the above figure, the economy is initially at point B. If taxes increase, there isA) a movement to point C.B) a movement to p
34、oint A.C) a shift to AD2.D) a shift to AD1.Answer: CTopic: Changes in Aggregate Demand, TaxesSkill: AnalyticalQuestion history: Previous edition, Chapter 10AACSB: Analytical Skills79) In the above figure, the economy is initially at point B. If the Fed decreases the quantity of money, there isA) a m
35、ovement to point C.B) a movement to point A.C) a shift to AD2.D) a shift to AD1.Answer: CTopic: Changes in Aggregate Demand, MoneySkill: AnalyticalQuestion history: Previous edition, Chapter 10AACSB: Analytical Skills80) In the above figure, the economy is initially at point B. If the Fed increases
36、the quantity of money, there isA) a movement to point C.B) a movement to point A.C) a shift to AD2.D) a shift to AD1.Answer: DTopic: Changes in Aggregate Demand, MoneySkill: AnalyticalQuestion history: Previous edition, Chapter 10AACSB: Analytical Skills81) In the above figure, if the economy is at
37、point a, an increase in _ will move the economy to _.A) real wealth from the fall in the price level; point bB) real wealth from the fall in the price level; point cC) expected future income; point cD) expected future income; point dAnswer: BTopic: Aggregate Demand, Wealth EffectSkill: RecognitionQu
38、estion history: Previous edition, Chapter 10AACSB: Analytical Skills82) In the above figure, if the economy is at point a, an increase in _ will move the economy to _.A) real wealth; point dB) real wealth from a fall in the price level; point dC) expected future income; point bD) expected future inc
39、ome; point dAnswer: CTopic: Changes in Aggregate Demand, ExpectationsSkill: RecognitionQuestion history: Previous edition, Chapter 10AACSB: Analytical Skills83) In the above figure, the movement from point B to point A might be the result ofA) an increase in government expenditures because of a war.
40、B) an increase in government expenditures because of increases in education expenditures.C) an increase in the demand for manufacturing goods because of new technology.D) a fall in the price level.Answer: DTopic: The Aggregate Demand CurveSkill: AnalyticalQuestion history: Previous edition, Chapter
41、10AACSB: Analytical Skills84) In the above figure, the shift from point C to point B might be the result ofA) an increase in the price level.B) a decrease in the price level.C) a decrease in government expenditures.D) an increase in the quantity of money.Answer: CTopic: Changes in Aggregate Demand,
42、Government ExpenditureSkill: AnalyticalQuestion history: Previous edition, Chapter 10AACSB: Analytical Skills85) The curve labeled A in the above figure isA) a short-run aggregate supply curve.B) an aggregate demand curve.C) a long-run aggregate supply curve.D) a production possibilities curve.Answe
43、r: BTopic: The Aggregate Demand CurveSkill: AnalyticalQuestion history: Previous edition, Chapter 10AACSB: Analytical Skills86) In the above figure, the curve labeled A shifts rightward ifA) expected future profits decrease.B) the quantity of money decreases.C) the substitution effect occurs.D) taxe
44、s decrease.Answer: DTopic: Changes in Aggregate Demand, TaxesSkill: AnalyticalQuestion history: Previous edition, Chapter 10AACSB: Analytical Skills87) The U.S. fiscal policy implemented in was an attempt toA) give billions of dollars to businesses and low- and middle-income Americans in order stimu
45、late business investment and consumption expenditure, thereby increasing AD.B) give billions of dollars to businesses and low- and middle-income Americans in order stimulate business investment and consumption expenditure, thereby increasing SAS.C) decrease interest rates in order to stimulate busin
46、ess investment and consumption expenditure, thereby increasing AD.D) decrease the exchange rate in order to boost net exports, thereby increasing AD.Answer: ATopic: Recession of Skill: RecognitionQuestion history: New 10th edition AACSB: Reflective Thinking88) The U.S. monetary policy implemented in was an attempt toA) give billions of dollars to businesses and low- and middle-income Americans in order stimulate business investment and consumption expen