질문 3 Which of the following would cause a leftward shift of the aggregate demand curve? None of the answers listed is correct. a decrease in tax rates an expectation of higher national income a decrease in interest rates O the economy of a trading partner enjoys a high rate of economic growth
질문 3 Which of the following would cause a leftward shift of the aggregate demand curve? None of the answers listed is correct. a decrease in tax rates an expectation of higher national income a decrease in interest rates O the economy of a trading partner enjoys a high rate of economic growth
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:### Economics Quiz
#### Question 3
Which of the following would cause a leftward shift of the aggregate demand curve?
- None of the answers listed is correct.
- A decrease in tax rates
- An expectation of higher national income
- A decrease in interest rates
- The economy of a trading partner enjoys a high rate of economic growth
#### Question 4
What is the time reference for short-term unemployment?
- Less than 6 months
- Less than 15 weeks
- Less than four weeks
- Less than one month
- Less than one year

Transcribed Image Text:**Question 1:**
Assume that Maria participates in the BLS survey in June of a certain year and is counted as a discouraged worker. After the survey is taken, she looks for a job but is unsuccessful in finding work. Assuming no other changes, what would happen if Maria participates in the BLS survey in July?
- ⭕ The number of people counted as unemployed would increase, the number of people counted in the labor force would increase, and the unemployment rate would stay the same.
- ⭕ The number of people counted as unemployed would decrease, the number of people counted in the labor force would increase, and the unemployment rate would decrease.
- ⭕ The number of people counted as unemployed would increase, the number of people counted in the labor force would increase, and the unemployment rate would decrease.
- ⭕ The number of people counted as unemployed would stay the same, the number of people counted in the labor force would increase, and the unemployment rate would decrease.
- ⭕ The number of people counted as unemployed would increase, the number of people counted in the labor force would increase, and the unemployment rate would increase.
**Question 2:**
Assume there is a decrease in the capital gains tax rate, the economy of a major trading partner enjoys a high rate of growth, and there is an increase in wealth. Based on these changes, which of the following is correct?
- ⭕ Real GDP will increase, unemployment will decrease, and the price level will decrease.
- ⭕ Real GDP will increase, unemployment will decrease, and any change in the price level is uncertain.
- ⭕ Real GDP will decrease, unemployment will increase, and any change in the price level is uncertain.
- ⭕ Real GDP will increase, unemployment will decrease, and the price level will increase.
- ⭕ Real GDP will decrease, unemployment will increase, and the price level will decrease.
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