The table provides some data on real GDP and the population of Candyland in 1997 and 1998. What is the growth rate of real GDP in Candyland in 1998?  The growth rate is ___ %.

The graph shows an economy’s aggregate demand and aggregate supply curves and potential GDP.   What is the price level when this economy returns to full employment?

Suppose the economy is initially in long-run equilibrium. The Fed decides to increase the required reserve ratio. In the short-run, this contractionary monetary policy will cause:  

  In 2021 and in 2022, consumers bought only chocolate bars and bags of taffy, and the table shows the data.     The reference base period is 2021, and 2021 is also the year of the Consumer Expenditure Survey. Calculate the inflation rate in 2022. Round to one decimal.

The graph shows an economy’s labor market in which labor income is taxed. What is the tax wedge? The tax wedge is $____ per hour.

When the economy is experiencing an expansion, automatic stabilizers will cause:

When the economy is experiencing an expansion, automatic stabilizers will cause:

The table provides some data on real GDP and the population of Candyland in 1997 and 1998. What is real GDP per person in Candyland in 1997?  The real GDP person is $______

What is the effect on China’s aggregate demand when the United States goes into an expansionary period? When the United States goes into an expansionary, China’s aggregate demand _______.

An increase in government purchases will cause what kind of shift of the aggregate demand curve?