The following would cause an upward shift in the C + I + G + X curve EXCEPT
A) an increase in disposable income.
B) an increase in export spending.
C) a decrease in import spending
D) an increase in household wealth.
A
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Refer to Figure 24-2. Ceteris paribus, an increase in workers and firms adjusting to having previously underestimated the price level would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Which of the following would increase the government purchases component of U.S. GDP?
A. The U.S. federal government pays $3 billion in pensions to government workers. B. The U.S. federal government pays $3 billion in interest to foreign holders of U.S. government bonds. C. The U.S. federal government pays $3 billion in interest on the national debt. D. The U.S. federal government pays $3 billion in salaries to soldiers in the military.