In the long run, real GDP will O be close to or the consumer price index. O be close to or on the horizontal part of the AS curve. be close to or at its potential GDP

'Finance minister announces that the federal income-tax rate will rise by three percentage points." Assuming that aggregate output is demand-determined, the AE function will and equilibrium national income will O a. Become flatter; fall. O b. Shift up parallel to itself; rise. Ос. Весome steeper, rise. O d. Shift down parallel to itself; fall. O e. Not change; not change.

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Table 25-4 Will's expenditures on food for three consecutive years, along with other values, are presented in the following table. Expenditures on food Consumer price index Oa. $6,426. Ob. $6,352. c. $6,651. O d. $6,380. Year 2 1 3 $5,000 $5,800 $6,600 160.0 168.0 X Refer to Table 25-4. Suppose the consumer price index is 15-5 percent higher in Year 3 than in Year 1. Then Will's food expenditures for Year 2 in Year 3 dollars amount to

Which of the following fall during a recession? O both retail sales and employment O retail sales but not employment O employment but not retail sales O neither employment nor retail sales

The aggregate expenditure curve shows the relationship between aggregate planned expenditure and Select one: A. consumption expenditure. O B. real GDP. C. the price level. D. the interest rate. O E. disposable income.

If taxes fall and government spending rises by the same amount, there is very little change in GDP. O True O False

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An American retailer purchased 100 pairs of shoes from a company in Mexico in the second quarter of 2016 but does not sell them to a consumer until the third quarter of 2016. In which quarter(s) does(do) the value of the shoes add to U.S. GDP? O the third but not the second quarter O the second quarter but not the third quarter O the second and third quarters O neither the second nor the third quarter   Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.