04 Jun Question Question 2. 2. Commodities that typically last t
Question
Question 2. 2. Commodities that typically last three years or more are called ________. (Points : 3)
durable goods
nondurable goods
services
None of these answers is correct.
Question 3. 3. The decrease in consumption and investment interest-related spending that occurs when the interest rate rises as government spending increases is called ________. (Points : 3)
crowding in
crowding out
neutral
None of these answers is correct.
Question 4. 4. Industrial production is an example of a ________. (Points : 3)
leading indicator
coincident indicator
lagging indicator
None of these answers is correct.
Question 5. 5. Expansionary monetary policy should be used if ________. (Points : 3)
aggregate demand-aggregate supply equilibrium is below potential output
aggregate demand-aggregate supply equilibrium is above potential output
aggregate demand-aggregate supply equilibrium is equal to potential output
None of these answers is correct.
Question 6. 6. An increase in production costs will shift the ________. (Points : 3)
aggregate demand curve
short-run aggregate supply curve
long-run aggregate supply curve
None of these answers is correct.
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