(03.02 MC) Assume that the government of a country decides to give out tax refunds of $4.5 million to small domestic firms that are struggling. If the marginal propensity to save in the country is 0.25, then what is the maximum impact this measure will have on the GDP of the country?

(02.05 MC) Which of the following options is likely to happen when a country is experiencing a high inflation rate?

(05.07 MC) What is the effect of supply-side fiscal policies like decreasing taxes on investment, aggregate demand, and aggregate supply?

(01.06 MC) Use the graph to answer the question that follows.The graph for a competitive output market shows demand shifting from D to D′ and supply shifting from S to S′. Which pair of events is consistent with these two changes?

(03.04 MC) Which of the following is true about the long-run aggregate supply curve (LRAS)?

(01.06 MC) If it is assumed that the market for good Z is in equilibrium and Z is an inferior good, what will be the result following an increase in the average income of consumers?

(02.01 MC) Which of the following is true for the gross domestic product?

(02.02 LC) What will be the impact of costs associated with environmental pollution while computing the GDP of a country?

(05.02 MC) The graph below shows a shift in the LRPC in an economy due to increased automation.What are the economy’s new equilibrium inflation rate and unemployment rate?

(03.04 MC) Which of the following is true about the long-run aggregate supply curve (LRAS)?