ECONOMICS???????????

AJ Cool J: ECONOMICS???????????
I would really appreacite it if you could at least answer one.

1.Which of the following best describes the policy ineffectiveness preposition?
A. All policymakers attempts to improve economic performance will be ineffective.
B innefective policy is a common preposition
C People’s raitonal expectations will overcome attempts by policymakers to manipulate people to increase output by giving people false expecrations.
D. none of the above

2. Suppose workers noticed an increase in their nominal wage, but were slow to realizte that the price of all other good have increased as well. Workers might infer that the reward to working is:
A. temporarily high and so supply is larger quantity of labor.
B temporarily low and so supply a smaller quantity of labor.
C temporarily high and so supply smaller quantity of labor.
D. Temporarily low and so supply a larger quantity of labor.

3. Which of the following might be true of an economy operating at its short run equilibrium?
A. the economy might be operating in the inflationary gap.
B. the economy might be operating in the recessionary gap
C. the economy might be operating at its long run equilibrium
D. all of the above
E. none of the above

4. Which of the following is an example of a discretionary fiscal policy
A. congress and the president agree to increase taxes
B congress and president agree to increase government purchases.
C the fed increases the money supply, which pushes down interest rates
D Both A and B

5. According to the policy effectiveness preposition.
A it is possible to reduce the unemployment rate below the natural rate of unemployment.
B it is not possible to reduce the unemployment rate below the natural rate of unemployment.
C. people’s expectations can be fooled in the short-run but probably not in the long run.
D Both B and C
E. none of the above.

6. which of the following might be reasons why the government no longer engages in fine tunning of the economy to reduce unemployment
A peoples expectations of the government policies can work against what the governemnt is trying to accomplish.
B past attempts to fine tune the economy seem to lead to stagflation.
C the economy probably does a better job of making corrections on its own, than with the help of well intentioned policy makers.
D all of the above.

7. which of the following would lead to a decrease (shift) in the aggregate demand curve?
A. a decrease in governement spending
B a decrease in private inverstment.
C. an increase in taxes.
D all of the above
E. A and B

8 If Jane buys a brand new Saab ( made in Sweeden) for 30 we can expect that it will have the following effect on the U.S economy.

A US Net exports will decline by 30, while consumption will increase by 30.
B US net export will remain unchanged, while consumpiton will increase by 30.

9. Economist generally agree that the great depression was brought about by policies which shifted the short run aggregate supply curve to the left.
TRUE OR FALSE
John,
could you expand on question 2.
I thought the correct answer was A

Answers and Views:

Answer by John M
1 c
2 c
3?
4 d
5?
6 d?
7 d?
8 a
9?