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(05.05 MC) Which of the following policy measures can lead to a crowding-out effect in an economy that has a budget deficit?

(05.06 MC) Assume real GDP equals $30,000; the population is 20 and there are 15 labor employed. What is the value of GDP per capita and average labor productivity?

(03.04 MC) Which of the following would lead to a rightward or outward shift in the long-run aggregate supply curve (LRAS)?

(03.02 MC) When the marginal propensity to save is 0.4, the government decides to decrease the tax rates by $100 billion. What is the maximum impact on real GDP?

(03.04 MC) Which statement explains the shape of the long-run aggregate supply curve (LRAS)?

(06.04 HC) The government of country B follows an expansionary fiscal policy by increasing government spending. What will the immediate (short-run) impact of such a move be on the foreign exchange rate?

(04.03 LC) Suppose the households keep some cash aside in banks to use in case of emergencies. Which function of money is fulfilled in this scenario?

(04.07 MC) If the sum of household, business, and government demands for funding exceeds the availability of savings from households, business, government, and foreign sources, which of the following can be expected?

(02.01 LC) Which of the following is true about nominal GDP?

(02.06 MC) The nominal GDP and real GDP of a country in 2017 were $2 trillion and $2.5 trillion respectively. In the base year, the nominal GDP was $1 trillion. What is the change in the GDP deflator from the base year to 2017?