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(03.06 MC) Assume that production in a country was affected because of a drought. Which of the following statements would be true in this scenario?

(05.07 MC) The policy most likely to stimulate economic growth in the country is

(05.02 MC) Which of the following is true about the long-run Phillips curve?

(03.05 MC) Which of the following is true about the long-run equilibrium in the economy?

(03.08 MC) If the government of a country is implementing a policy of increasing taxes in order to reduce aggregate demand, then which of the following is true for the economy of the country?

(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)?