8) A balanced budget occurs when a) transfer payments equal tax revenues. b) a budget deficit during one year is matched by a budget surplus in the next year. c) government expenditures equal tax revenues. d) the national debt is reduced to zero dollars. 9) The interest rate effect is one of the a) shifters of an AD curve. b.) reasons why a short-run aggregate supply curve can be derived. c) reasons why an AD curve is downward-sloping. d) shifters of a short-run aggregate supply curve. 10) The real balance effect explains the change in a) the output producers produce as they attempt to balance their production in response to changes in consumers' demand. b) the value of physical assets (e.g., houses) that results from a change in the price level. c) the real wealth that results from a change in the amount of income earned. d) the real wealth that results from a change in the price level.
8) A balanced budget occurs when a) transfer payments equal tax revenues. b) a budget deficit during one year is matched by a budget surplus in the next year. c) government expenditures equal tax revenues. d) the national debt is reduced to zero dollars. 9) The interest rate effect is one of the a) shifters of an AD curve. b.) reasons why a short-run aggregate supply curve can be derived. c) reasons why an AD curve is downward-sloping. d) shifters of a short-run aggregate supply curve. 10) The real balance effect explains the change in a) the output producers produce as they attempt to balance their production in response to changes in consumers' demand. b) the value of physical assets (e.g., houses) that results from a change in the price level. c) the real wealth that results from a change in the amount of income earned. d) the real wealth that results from a change in the price level.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:8) A balanced budget occurs when
a) transfer payments equal tax revenues.
b) a budget deficit during one year is matched by a budget surplus in the next year.
c) government expenditures equal tax revenues.
d) the national debt is reduced to zero dollars.
9) The interest rate effect is one of the
a) shifters of an AD curve.
b.) reasons why a short-run aggregate supply curve can be derived.
c) reasons why an AD curve is downward-sloping.
d) shifters of a short-run aggregate supply curve.
10) The real balance effect explains the change in
a) the output producers produce as they attempt to balance their production in response to changes
in consumers' demand.
b) the value of physical assets (e.g., houses) that results from a change in the price level.
c) the real wealth that results from a change in the amount of income earned.
d) the real wealth that results from a change in the price level.
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