Econ Test Questions by Aissa Quintana https://padlet.com/aissaquintana99/t41xg5itdgsy en-us 2017-11-15 20:21:59 UTC 2025-10-08 01:55:18 UTC hello@padlet.com katherinee_2110 https://padlet.com/aissaquintana99/t41xg5itdgsy/wish/211633584 2017-11-29 20:57:39 UTC https://padlet.com/aissaquintana99/t41xg5itdgsy/wish/211633584 aissaquintana99 https://padlet.com/aissaquintana99/t41xg5itdgsy/wish/211634779 2017-11-29 21:01:19 UTC https://padlet.com/aissaquintana99/t41xg5itdgsy/wish/211634779 cynmarieperez https://padlet.com/aissaquintana99/t41xg5itdgsy/wish/211655304 2017-11-29 22:20:24 UTC https://padlet.com/aissaquintana99/t41xg5itdgsy/wish/211655304 nmcelrath1999 https://padlet.com/aissaquintana99/t41xg5itdgsy/wish/211691519 1. A fiscal policy can be used to close a recessionary and expansionary gap. 

a. True                                                b. False

Difficulty: Easy                                              Topic: Learning Outcome 11-1a


2. If markets adjusted naturally to high unemployment…

a. Aggregate supply would shift leftward in the long run to achieve equilibrium

b. Cause a rightward shift of the aggregate demand 

c. The aggregate supply would shift rightward in the long run to achieve equilibrium at the economy’s potential output

d. Aggregate demand would shift leftward establishing a new equilibrium 

Difficulty: Intermediate                                  Topic: Learning Outcome 11-1b

 

3. Closing an expansionary gap through fiscal policy….

  a. increases the price level

  b. decreases the price level

  c. increases government spending

   d. decreases net taxes

Difficulty: Intermediate                                  Topic: Learning Outcome 11-1c

]]> 2017-11-30 02:44:45 UTC https://padlet.com/aissaquintana99/t41xg5itdgsy/wish/211691519 karlatamez_ https://padlet.com/aissaquintana99/t41xg5itdgsy/wish/212060216 2017-11-30 20:12:06 UTC https://padlet.com/aissaquintana99/t41xg5itdgsy/wish/212060216