Q1. An increase in interest rates can be expected to: A) decrease investment and decrease consumption. B) decrease investment and increase net exports. C) increase government spending and decrease consumption.
Q2. Which of the following is NOT a reason that the aggregate demand curve slopes downward? A) Because entitlements are adjusted for inflation, a rising price level forces government spending to increase. B) The wealth effect causes consumers to spend less when the price level rises. C) Business investment declines as a rising price level increases interest rates.
Q3. Which of the following statements concerning aggregate demand is most accurate? A) When price levels rise, real wealth increases, and individuals will spend more. B) When price levels fall, real wealth increases, and individuals will spend less. C) When price levels rise, real wealth decreases, and individuals will spend less.
Q4. Which of the following least accurately describes a component of aggregate demand? A) Investment. B) Consumption. C) Net imports.
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发表于 2009-1-15 14:15
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