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[answered] According to supply-side theory, which of the following wou


  1. According to supply-side theory, which of the following would cause a rightward shift in the aggregate supply curve?
    a. ?? ?Lifting trade restrictions
    b. ?? ?Increasing transfer payments to the unemployed
    c. ?? ?Eliminating government-funded training programs for the structurally unemployed
    d. ?? ?Eliminating job-search assistance

10 points ??


QUESTION 2
  1. According to supply side economic theory saving:
    a. Is a leakage from the economy
    b. Is a reduction in spending in the long run
    c. Encourages investment in the long run
    d. Has no effect on current spending

10 points ??


QUESTION 3
  1. The marginal tax rate indicates:
    a.?? The change in taxes resulting from a change in fiscal policy?
    b.?? The tax rate imposed on total income
    c.?? The tax rate imposed on taxable income
    d.?? What percent of the last dollar of income earned is paid in taxes

10 points ??


QUESTION 4
  1. The Keynesian depiction of aggregate supply:
    a. Constructs a vertical aggregate supply curve
    b. Shows a horizontal potion of the AS curve until full employment
    c. Shows an upward sloping aggregate supply curve
    d. Shows an upward sloping aggregate demand curve

10 points ??


QUESTION 5
  1. Hurricane Katrina in 2006 caused:
    a. The aggregate supply curve to shift to the right
    b. A leftward shift in the aggregate supply curve
    c. An increase in output
    d. A decrease in inflation

10 points ??


QUESTION 6
  1. An improvement in labor productivity will:
    a. Be stimulated by investments in human capital
    b. Will shift the aggregate supply curve to the right
    c. Will increase the output per hour by a worker
    d. All of the above

10 points ??


QUESTION 7
  1. Stagflation is caused by:
    a. A leftward shift in the aggregate supply curve
    b. A rightward shift in the aggregate demand curve
    c. A rightward shift in the aggregate supply curve
    d. A leftward shift in the aggregate demand curve

10 points ??


QUESTION 8
  1. The Phillips curve shows:
    a. The trade-off between full employment and price stability
    b. At lower inflation rates there is higher unemployment rates
    c. At higher inflation rates there is lower unemployment rates
    d. All of the above

10 points ??


QUESTION 9
  1. If the elasticity of supply is large:
    a. A tax cut will reduce tax revenues
    b. A tax increase will increase tax revenues
    c. A tax cut will increase tax revenues
    d. A tax increase will have no impact on tax revenues

10 points ??


QUESTION 10
  1. Which of the following is not a supply side policy option?
    a. Tax incentives for investment, work and savings
    b. A tax cut to stimulate aggregate demand
    c. Deregulation of business
    d. Human capital investments


 


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