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Bizhelp, CPA
Category: Multiple Problems
Satisfied Customers: 5884
Experience:  BA degree and Certified Public Accountant
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At equilibrium GDP: A. savings = investment, but aggregate

Customer Question

At equilibrium GDP:
A. savings = investment, but aggregate demand does not equal aggregate supply.
B. savings = investment and aggregate demand = aggregate supply.
C. savings does not equal investment and aggregate demand does not equal aggregate supply.
D. savings does not equal investment, but aggregate demand = aggregate supply.
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Question 2 of 20
5.0 Points
Say's law states that:
A. we can have inflation or a recession, but never both at the same time.
B. the normal state of economic affairs is a recession.
C. demand creates its own supply.
D. supply creates its own demand.
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Question 3 of 20
5.0 Points
Each of the following supports the classical theory of employment EXCEPT:
A. Say's law.
B. wage-price flexibility.
C. the interest mechanism.
D. government spending programs.
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Question 4 of 20
5.0 Points
To fight a depression, Keynes said that the government should:
A. do nothing.
B. raise taxes.
C. spend money on carefully chosen projects.
D. spend a lot of money.
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Question 5 of 20
5.0 Points
Classical economists believed that:
A. if saving exceeded investment, prices and interest rates would rise as business accumulated unwanted inventories.
B. flexible prices and wages could not restore an economy to full employment if the interest rate were rigid.
C. our economy was either at, or tended toward full employment.
D. voluntary unemployment reflected economic inefficiency.
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Question 6 of 20
5.0 Points
The amount of real output that will be made available by sellers at various price levels is called the:
C. aggregate supply.
D. real balance effect
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Question 7 of 20
5.0 Points
The principal cause of the Great Depression of the 1930s was a collapse in:
A. aggregate demand.
B. aggregate supply.
C. the average price level.
D. government spending.
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Question 8 of 20
5.0 Points
The aggregate demand curve shows a(n):
A. positive relationship between prices and quantities.
B. inverse relationship between the price level and the aggregate quantity demanded.
C. independent relationship between the price level and the aggregate quantity demanded.
D. inverse relationship between the product price and the quantity of a good demanded.
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Question 9 of 20
5.0 Points
When aggregate supply exceeds aggregate demand:
A. explosive inflations occur.
B. the economy is in disequilibrium.
C. planned saving will equal planned investment.
D. inventories rise.
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Question 10 of 20
5.0 Points
Keynes's analysis of the Great Depression led to which of the following recommendations regarding government policy?
A. An annually balanced budget
B. A decrease in government spending
C. An increase in government spending
D. An increase in taxes
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Question 11 of 20
5.0 Points
Budget deficits are appropriate during:
A. recessions, but not inflations.
B. inflations, but not recessions.
C. recessions and inflations.
D. neither recessions nor inflations.
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Question 12 of 20
5.0 Points
Each of the following is an example of discretionary fiscal policy EXCEPT:
A. public works spending.
B. making the automatic stabilizers more effective.
C. changes in tax rates.
D. the unemployment insurance program.
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Question 13 of 20
5.0 Points
During recessions:
A. savings rise.
B. corporations pay much less corporate income taxes.
C. less people collect unemployment benefits.
D. the government will raise taxes and run a budget surplus.
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Question 14 of 20
5.0 Points
In the 1930s, John Maynard Keynes said that our main economic problem was:
A. weak aggregate demand.
B. too much government spending.
C. big budget deficits.
D. high interest rates.
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Question 15 of 20
5.0 Points
According to __________, deficits cause crowding-out.
A. the federal government
B. keynesians
C. monetarists
D. classical theorists
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Question 16 of 20
5.0 Points
A deficit is created when:
A. the government is taking in more than it is paying out.
B. there are lower taxes and higher government spending.
C. the government is paying out more than it is taking in.
D. government spending is predominantly overseas.
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Question 17 of 20
5.0 Points
When government expenditures in a given year exceed tax receipts, there exists:
A. a budget surplus.
B. a budget deficit.
C. public revenue.
D. full-employment taxation.
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Question 18 of 20
5.0 Points
An illustration of the term "automatic stabilizer" is provided by:
A. the tendency of tax collections to rise as the economy moves into a recession.
B. the tendency of tax collections to fall as the economy moves into a recession.
C. increases in tax rates as the ec
Submitted: 5 years ago.
Category: Multiple Problems
Expert:  Bizhelp replied 5 years ago.

Thanks for the questions.

Could you complete Questions #18-20?
Also, when is your deadline for these?
Customer: replied 5 years ago.
Expert:  Bizhelp replied 5 years ago.
OK, Could you complete Questions #18-20?
Customer: replied 5 years ago.
Expert:  Bizhelp replied 5 years ago.
OK, please type in Questions #18-20 here.

In the meantime, I will opt out since I am not sure if you still want the answers to these questions.
Customer: replied 5 years ago.
you can go ahead an answer the question i am not upset
Expert:  Bizhelp replied 5 years ago.
Do you need #18-#20? If so, please send them as they are cut off in your original post.

Customer: replied 5 years ago.
Expert:  Bizhelp replied 5 years ago.

I noticed that you are not accepting my answers. Could you at least click the green ACCEPT button on one of the prior posts that I've answered here:

I will then answer the above questions if you still need them. Thanks.
Expert:  Bizhelp replied 5 years ago.

Thanks for the questions.

Please click here for the answers.

Please remember to click the Green ACCEPT button if you are satisfied with my work.

Hope this helps!

Customer: replied 5 years ago.
i am sorry but i am not accepting any answer because this is the 3rd assignment you did an i received an 55 percent
Expert:  Bizhelp replied 5 years ago.

I don't think that is possible if you used my answers. Maybe the grading key is wrong. I can guarantee these are at least 90% correct. If you tell me which ones were incorrect, I will give you references for my answers. You also did not supply questions #19-#20 as requested, so this may be another factor in the grade.

Customer: replied 5 years ago.
i already got answer for 19-20 correct i looked it up in the book

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