### Economics Quiz#### Question 3Which 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 4What 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 **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.

Aggregate Demand refers to the amount of sales proceedings that an entrepreneur expects from the…

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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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