(05.06 MC) Use the graph to answer the question that follows.Suppose the economy is initially producing on the AB production possibility curve (PPC). How will the PPC respond if there is a rightward shift in the long-run aggregate supply?

(02.03 MC) Liza is currently unemployed and stopped her job search six months back. Considering Liza’s employment status, which of the following is true about the unemployment rate?

(02.07 MC) In which year did the economy above most likely have an actual unemployment rate equal to the sum of its frictional and structural unemployment rate?

(06.05 HC) Assume that Country Y engages in expansionary fiscal policy to stimulate its economy. Which of the following statements relating to imports and exports is correct?

(03.03 MC)Imagine the federal government has a national debt of $12.6 trillion. Congress’s budget for the coming year includes a spending projection of $5.1 trillion. Tax revenue is expected to be $4.8 billion. If this budget is approved with no changes, what will be the outcome?

(01.02 LC)Which of the following groups were considered at the top of the caste system in New Spain?

(03.05 HC)Using the excerpt, respond to parts a, b, and c.”Art. 5: To prevent any misunderstanding about the Indian lands relinquished by the United States in the fourth article, it is now explicitly declared…: the Indian tribes who have a right to those lands…so long as they please, without any molestation from the United States; but when those tribes, or any of them, shall be disposed to sell their lands…, they are to be sold only to the United States…Art. 6: If any citizen of the United States, or any other white person or persons, shall presume to settle upon the lands now relinquished by the United States, such citizen or other person shall be out of the protection of the United States; and the Indian tribe, on whose land the settlement shall be made, may drive off the settler, or punish him in such manner as they shall think fit…”Source: The Treaty of Greenville, 1795 Briefly describe one point of view suggested in the excerpt. Briefly explain how one specific event or development from 1754 to 1800 contributed to a historical development such as the one described in the excerpt. Briefly explain how ideas such as those reflected in the excerpt resulted in one specific effect from 1754 to 1800.

(02.03 MC) Why do economists state the unemployment rate tends to underestimate the inadequacy of labor market opportunities?

(05.04 MC) The sum of government purchases and transfer payments for a given year is $1.2 trillion, while total government revenue was $1 trillion. If in the following year, the government spent more and took in less revenue, which of the following would be true?

(05.03 MC) If the money supply in an economy is $240 billion and the nominal GDP is $960 billion, then how many times is the average dollar in the economy spent?