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Coco
Questions (1,046)
True or false: Government may choose to combine spending decreases and tax increases in order to decrease aggregate demand and
1 answer
7 views
A leftward shift of aggregate demand could eliminate a(n) GDP-gap and move the economy's production to full-employment level.
1 answer
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Which of the following are steps the government can take to prevent a recessionary gap from occurring when it currently is in an
1 answer
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What happens to the price level when aggregate demand (AD) declines?
Multiple choice question. The price level decreases. The
1 answer
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Disregarding the multiplier effect could cause contractionary fiscal policy to shift aggregate demand leftward to an amount
1 answer
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Government can use which of the following to reduce consumption?
Multiple choice question. Tax increases Inflation Tax decreases
1 answer
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Government corrects an inflationary gap by reducing government spending to decrease aggregate demand. What effect does this have
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Which action can be taken by the government to cause a leftward shift in aggregate demand and eliminate the inflationary gap?
Mul
1 answer
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When controlling demand-pull inflation, none of the changes in aggregate Blank______ can be dissipated by a change in the price
1 answer
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Which of the following are fiscal tools that a government may use to eliminate an inflationary GDP gap?
Multiple select question.
1 answer
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True or false: The price level can remain stuck at its old level even when aggregate demand declines.
True false question. True
1 answer
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If government disregards or underestimates the multiplier effect, contractionary fiscal policy could cause aggregate demand to
1 answer
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A reduction in government spending, in response to demand-pull inflation, shifts the aggregate demand curve in which direction?
M
1 answer
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To correct a(n) GDP gap, the government would need to shift the aggregate demand curve to the left
1 answer
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When controlling demand-pull inflation, none of the changes in aggregate demand can be dissipated as a change in price .
1 answer
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An inflationary GDP gap will cause further because input prices rise in the long run in order to meet the increase in output
1 answer
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The government may reduce government spending or increase taxes in order to eliminate a(n) Blank______.
Multiple choice question.
1 answer
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What happens to the price level when aggregate demand (AD) declines?
Multiple choice question. The price level remains the same.
1 answer
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When the economy faces demand-pull inflation, fiscal policy should move toward a government budget .
1 answer
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Reduced government spending, in response to demand-pull inflation, shifts the aggregate demand (AD) curve to the (left/right).
1 answer
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What is another term for restrictive fiscal policy?
Multiple choice question. Contractionary fiscal policy Evaluative fiscal
1 answer
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Government corrects an inflationary gap by reducing government spending to decrease aggregate demand. What effect does this have
1 answer
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A budget occurs when tax revenues exceed government spending.
1 answer
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Why will an inflationary GDP gap cause further inflation?
Multiple choice question. Because input prices rise in the long run in
1 answer
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In the short run, an increase in aggregate demand results in demand-pull .
1 answer
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Which of the following are fiscal tools that a government may use to eliminate an inflationary GDP gap?
Multiple select question.
1 answer
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True or false: The up-sloping aggregate supply curve means that leftward shifts of AD result only in demand-pull inflation
1 answer
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When the economy faces demand-pull inflation, fiscal policy should move toward a government budget Blank______.
Multiple choice
1 answer
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When demand-pull inflation occurs, a(n) (one word) fiscal policy may help control it.
1 answer
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Restrictive fiscal policy is also known as (one word) fiscal policy.
1 answer
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When tax revenues exceed government spending, it is called Blank______.
Multiple choice question. a balanced budget the public
1 answer
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To have the same impact on aggregate demand as a $100 billion increase in government spending, a tax-cut would need to be
1 answer
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What is demand-pull inflation associated with an increase in?
Multiple choice question. Output GDP Aggregate demand Full
1 answer
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The the MPC, the greater the tax cut needed to induce a specific initial increase in consumption.
1 answer
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The up-sloping aggregate supply curve means that rightward shifts of aggregate demand result more in demand-pull than in
1 answer
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The government can reduce taxes to shift the aggregate demand curve in which direction?
Multiple choice question. Right Left A
1 answer
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When demand-pull inflation occurs, what kind of fiscal policy may help control it?
Multiple choice question. Contractionary
1 answer
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During a recession, the government can Blank______ taxes to increase consumption and shift the aggregate demand curve to the
1 answer
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During a recession, the government can Blank______ taxes to increase consumption and shift the aggregate demand curve to the
1 answer
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What is another term for restrictive fiscal policy?
Multiple choice question. Natural fiscal policy Evaluative fiscal policy
1 answer
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A tax cut must be (one word) than a proposed increase in government spending to achieve the same amount of rightward shift in
1 answer
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True or false: An increase in aggregate demand along the flat portion of the short-run aggregate supply curve will result in an
1 answer
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To induce an increase in consumption through a tax cut, the smaller the MPC is, the Blank______ the tax cut needs to be.
Multiple
1 answer
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The aggregate demand curve shifts by an amount greater than an initial change in government spending. This is caused by
1 answer
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The government can taxes to shift the aggregate demand curve rightward.
1 answer
12 views
The multiplier process magnifies the initial change in spending through successive rounds of what?
Multiple choice question.
1 answer
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The government can help correct a recession by implementing expansionary fiscal policy that reduces to increase consumption
1 answer
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What is the result of an increase in aggregate demand that occurs along the short-run aggregate supply curve where the price
1 answer
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The multiplier effect causes the aggregate demand curve to shift by an amount (greater/less) than an initial change in
1 answer
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The process magnifies the initial change in spending into successive rounds of new consumption spending. (Enter one word in the
1 answer
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If the economy starts out with a balanced federal budget, a subsequent expansionary fiscal policy will create a budget (one
1 answer
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A budget is government spending in excess of tax revenues.
1 answer
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Other things equal, an increase in government spending will shift an economy's aggregate demand curve to the .
1 answer
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If the economy starts out with a balanced federal budget, a subsequent expansionary fiscal policy will create a Blank______.
Mult
1 answer
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To positively stimulate an economy using fiscal policy, government spending should Blank______, and taxes should Blank______.
Mul
1 answer
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Built-in stability constitutes which of the following policies?
Multiple select question. "Automatic" budgetary policy
1 answer
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Which of the following tools of fiscal policy are used to positively stimulate an economy?
Multiple select question. Increased
1 answer
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A decrease in aggregate demand will cause a decrease in Blank______.
Multiple choice question. real GDP government spending
1 answer
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An economy's (one word) output is also known as full-employment output.
1 answer
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When an economy's output is than its potential output, the gap is known as a recessionary gap.
1 answer
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In the graph, a dashed red line is at P 1 on the midway of the vertical axis. Aggregate supply (AS) and aggregate demand (AD 1)
1 answer
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Built-in stability constitutes which of the following policies?
Multiple select question. "Passive" budgetary policy "Automatic"
1 answer
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The federal government's purposeful manipulation of taxes and spending in order to "stimulate the economy" or "rein in
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Expansionary fiscal policy is used in order to Blank______ the economy.
Multiple choice question. stimulate increase interest
1 answer
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Built-in stability constitutes (one word), or "passive" or "automatic," budgetary policy.
1 answer
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Changes that do not occur automatically but rather are made at the option of the federal government are known as (one word)
1 answer
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Discretionary fiscal policy consists of deliberate changes in government spending and taxation designed to do which of the
1 answer
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The manipulation of taxes and federal spending in order to stimulate the economy or reduce inflation is known as expansionary or
1 answer
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The manipulation of taxes and federal spending in order to stimulate the economy or reduce inflation is known as expansionary or
1 answer
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What is an enhanced product
1 answer
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What is the core product
1 answer
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What is the essential benefit of a product
1 answer
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Multiple Select Question
Select all that apply Which of the following can be sources of variability in service delivery? Multiple
1 answer
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Multiple Choice Question
Sahil is having trouble deciding on which college to attend. While there are buildings, classrooms, and
1 answer
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Multiple Choice Question
What is the primary reason there is greater inconsistency in services than in tangible goods? Multiple
1 answer
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Multiple Choice Question
Blank______ can be classified according to whether they are delivered by people or equipment, or by
1 answer
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Multiple Choice Question
The lead singer of a band reportedly has a bit of a cold, and you don't think her performance is quite
1 answer
10 views
Multiple Choice Question
Because services are intangible, they Blank______. Multiple choice question. require the costly
1 answer
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Multiple Choice Question
To address the intangible nature of services provided and allow patients to compare them to the services
1 answer
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Multiple Choice Question
Burial insurance would be considered which type of consumer product? Multiple choice question. planned
1 answer
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Multiple Select Question
Select all that apply Which two factors are unique with respect to services and are part of the four
1 answer
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Consumers can see and touch a product, such as a new laptop computer, but they cannot touch or feel the service provided to fix
1 answer
13 views
Multiple Choice Question
Because Blank______ seek to satisfy clients and be efficient rather than make a profit, marketing can
1 answer
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Multiple Select Question
Select all that apply Services can be classified according to whether they are delivered by Blank______.
1 answer
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Match each of the four I's of services with the correct definition of it.
Drag and drop application. Intangibility Intangibility
1 answer
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Nonprofit organizations like the American Red Cross use to help them communicate and better serve those in need.
1 answer
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What are the two broad product categories, related to the type of user, that are widely used in marketing? More than one answer
1 answer
12 views
Match the following types of consumer products with the correct examples.
Drag and drop application. Convenience product
1 answer
27 views
Blank______ products are purchased by the ultimate consumer, whereas Blank______ products are purchased by organization to
1 answer
22 views
Though some intangible attributes like delivery or a warranty may also be important for a product like a washing machine,
1 answer
13 views
A gallon of milk would be considered which type of consumer product?
Multiple choice question. specialty product unsought product
1 answer
14 views
What three items are classified as consumer products.
Multiple select question. shopping products specialty products convenience
1 answer
20 views
In the cost-push model of inflation, increases in nominal wage rates that exceed increases in the productivity of labor
Multiple
1 answer
13 views
With demand-pull inflation in the extended AD-AS model, there is
Multiple Choice a decrease in aggregate demand and a decrease in
1 answer
12 views
In the long run, demand-pull inflation
Multiple Choice starts out with a shift in the AS curve but no shift of the AD curve.
1 answer
13 views
Demand-pull inflation in the short run raises the price level and
Multiple Choice real wages. real output. the unemployment rate.
1 answer
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Inflation in the short run is most likely to result from a(n)
Multiple Choice increase in aggregate demand or aggregate supply.
1 answer
19 views
The short-run aggregate supply curve intersects the long-run aggregate supply curve at
Multiple Choice a constant price level.
1 answer
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The economy enters the long-run once
Multiple Choice nominal wages become equal to real wages. real wages become equal to nominal
1 answer
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The level of potential output and location of the long-run aggregate supply curve are determined by
Multiple Choice Federal
1 answer
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