AP Macro. Unit 3 - 2023

Decreases in the stock market decrease aggregate demand by decreasing which of the following?

Which of the following causes a negative supply shock?

The marginal propensity to consume

The maximum effect on real GDP of a $100 million increase in gov't. purchases of goods/services will be

Which of the following will shift the SRAS curve? A change in...

Because changes in the agg. price level have no effect on aggregate output in the long run, the LRAS supply curve is

Which of the following is NOT an automatic stabilizer?

Which of the following government policies will shift the aggregate demand curve to the left?

The level of planned investment spending is negatively related to

The horizontal intercept of the LRAS curve is

A lump-sum tax is

The Consumer Confidence Index is used to measure which of the following?

Which of the following is an example of fiscal policy used to combat a recession?

Which of the following causes a positive demand shock?

A cut in income taxes is an example of

Which of the following is a government transfer program?

Which fiscal policy action helps combat inflation?

Which of the following will shift the aggregate demand curve to the right?

Which of the following contributes to the lag in implementing fiscal policy?

Actual investment spending in any period is equal to

The presence of income taxes has what effect on the spending multiplier? They

The slope of a household's consumption function is equal to

Employers are reluctant to decrease nom. wages during economic downturns & raise nom. wages during expansions is...

A decrease in which of the following will cause the SRAS curve to shift to the left?

Which of the following is an example of expansionary fiscal policy?