03 Jun Question 1.This question has not been answered completely Which of the following could not shift the AD curve t
Question
1.This question has not been answered completely
Which of the following could not shift the AD curve to the right?
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A. businesses buy more buildings to produce in
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B. people buy more ranch-style homes
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C. teenagers buy more Japanese comic books
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D. families buy more medical services
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E. the government hires more soldiers
Point Value: 3.12
2.This question has not been answered completely
For the next five questions, consider Summer Bank, which had no reserves or deposits initially until Bill deposited $1000 of cash into a checking account there. Assume that rr=0.10 as usual. There is nothing else in the money supply other than what is mentioned here.
For all questions, enter only numbers, a decimal point, and/or a negative sign if needed. Round all answers to two decimal points as necessary.
What is Summer Bank’s required reserves after the deposit?
Point Value: 3.12
3.This question has not been answered completely
Continue with the information about Summer Bank after the deposit.
Enter only numbers, a decimal point, and/or a negative sign if needed. Round all answers to two decimal places as necessary.
What is Summer Bank’s excess reserves after the deposit?
Point Value: 3.12
4.This question has not been answered completely
Note the special directions for this question.
Continue with the information about Summer Bank after the deposit.
Enter only numbers, a decimal point, and/or a negative sign if needed. Round all answers to two decimal places as necessary. Put a negative sign before your number if it is an decrease in M1, 0 if there is no change, or a positive number with no sign if it is an increase.
What is the resulting change in M1 as a result of Bill’s actions?
Point Value: 3.12
5.This question has not been answered completely
Continue with the information about Summer Bank after the deposit.
Enter only numbers, a decimal point, and/or a negative sign if needed. Round all answers to two decimal places as necessary.
What is the maximum amount of money Summer Bank can now create by itself?
Point Value: 3.12
6.This question has not been answered completely
Continue with the information about Summer Bank after the deposit.
Enter only numbers, a decimal point, and/or a negative sign if needed. Round all answers to two decimal places as necessary.
What will the total money supply (M1) be if all banks make the maximum amount of money?
Point Value: 3.12
7.This question has not been answered completely
If prices were no longer sticky and information were no longer asymmetric, then
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A. the LRAS would get flatter and look more like the SRAS
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B. the SRAS would get steeper and look more like the LRAS
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C. the LRAS would get steeper and look more like the SRAS
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D. the SRAS would get flatter and look more like the LRAS
Point Value: 3.12
8.This question has not been answered completely
In the long run, a decrease in taxes on households would most likely cause the price level to _______ and the natural rate of output to _____.
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A. rise, fall
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B. fall, rise
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C. fall, remain unchanged
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