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Business, 20.07.2021 20:40 angie249

I'm been timed please. Edit question
1)

The national debt is a burden on future generations if .

Group of answer choices

a) it is larger than the one for which the current generation is responsible

b) the future generation is smaller than the present generation

c) borrowing reduces productive investment and future economic growth

d) debt holders are wealthier than the average taxpayer

2)

In the Keynesian model of macroeconomics, employment levels are determined by .

Group of answer choices

a) production levels

b) price levels

c) loanable funds

d) interest rates

3)

In the classical model, shifts in the AD curve .

Group of answer choices

a) change both the price level and output

B) change output only

c) change the price level only

D) have no effect on the price level and output

4)

According to Keynes, the MOST important determinant of business investment is .

Group of answer choices

a) one’s speculation partners

b) expectations of profit

c) the price level

d )the initial amount invested

5)

According to the Keynesian view, manipulating foreign sector spending is not a reliable way to move the U. S. economy toward a more acceptable equilibrium because .

Group of answer choices

a) a depreciation of a country’s currency relative to foreign currency causes the domestic price level to rise

b) policies that improve the domestic economy can easily be interpreted as being detrimental to the domestic labor force

c) foreign sector spending—unlike domestic spending and taxing—has highly unpredictable results

d) manipulation of foreign sector spending and the exchange rate violates the laissez-faire principle

6)

By 1980 the U. S. national debt had .

Group of answer choices

a) decreased

b)remained stable

c) increased in terms of dollars and increased as a share of GDP

d) increased in terms of dollars but decreased as a share of GDP

7)

Historically, net exports are highly .

Group of answer choices

a) stable

b) predictable

c) negotiable

d) variable

8)

A decrease in net exports of soybeans would cause the AE curve to .

Group of answer choices

a) curve upward

b) curve downward

c) become vertical

d) remain unchanged

9)

What was Keynes’s explanation for why consumer spending and business investment fell so dramatically during the Great Depression (1929–1939)?

Group of answer choices

a) There were serious declines in the interest rate.

b) Higher unemployment, less income, and lower expectations led to less spending and investment.

c) The country experienced poor governmental management.

d) Exports and international trade were at their lowest pace following the 1920s.

10)

In the Keynesian model, at the equilibrium level of income, which one of the following statements is NOT true?

Group of answer choices

a) Planned spending equals actual output.

b) The economy is at full employment.

c) There are no unplanned inventory changes.

d) There is no tendency for the output level to change.

Thank you in advance

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Answers: 1

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