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Question 1 In the US economy, the money supply is controlled by the US Treasury O O Federal Reserve System O Senate committee on banking and finance O Congress Question 2 Refer to the information provided in Eigure 1 to answer this question Figure 1

Question 1 In the US economy, the money supply is controlled by the US Treasury O O Federal Reserve System O Senate committee on banking and finance O Congress Question 2 Refer to the information provided in Eigure 1 to answer this question Figure 1

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter16: The Influence Of Monetary And Fiscal Policy On Aggregate Demand
Section: Chapter Questions
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Question 1 In the US economy, the money supply is controlled by the.. O US. Treasury O Federal Reserve System O Senate committee on banking and finance O Congress Question 2 Refer to the information provided in Figure 1 to answer this question Figure 1 $A 0 O D₁ D₂ Number of pizzas per month Assume the market is initially at Point B and that pizza is a normal good. An increase in consumers' income would cause the market to move from Point B on demand curve D2 to: O O O point C on demand curve D2 point A on demand curve D₂ A Question 3 B demand curve DI 18 demand curve D3 O 95 million O 102 milion O 105 million O 145 million Refer to the information provided in Table 1 below to answer this question; Unemployed 7 145 Total Population Employed 95 Discouraged workers 3 The table 1 above contains information about the hypothetical economy of Scoob. All figures are in millions. The labor force in Scoob is: Question 4 D3 Q The Prime Minister of Richlandia hires you as an economic consultant. He is concerned that the output level in Richlandia is too low and that this will cause unemployment to rise. Which of the following would be the best advice to give to the Richlandian Prime Minister? O Increase government spending and decrease taxes O Reduce taxes and government spending O Increase taxes and government spending O None of the above
Transcribed Image Text:Question 1 In the US economy, the money supply is controlled by the.. O US. Treasury O Federal Reserve System O Senate committee on banking and finance O Congress Question 2 Refer to the information provided in Figure 1 to answer this question Figure 1 $A 0 O D₁ D₂ Number of pizzas per month Assume the market is initially at Point B and that pizza is a normal good. An increase in consumers' income would cause the market to move from Point B on demand curve D2 to: O O O point C on demand curve D2 point A on demand curve D₂ A Question 3 B demand curve DI 18 demand curve D3 O 95 million O 102 milion O 105 million O 145 million Refer to the information provided in Table 1 below to answer this question; Unemployed 7 145 Total Population Employed 95 Discouraged workers 3 The table 1 above contains information about the hypothetical economy of Scoob. All figures are in millions. The labor force in Scoob is: Question 4 D3 Q The Prime Minister of Richlandia hires you as an economic consultant. He is concerned that the output level in Richlandia is too low and that this will cause unemployment to rise. Which of the following would be the best advice to give to the Richlandian Prime Minister? O Increase government spending and decrease taxes O Reduce taxes and government spending O Increase taxes and government spending O None of the above
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