Most tax payments increase as GDP increases. O True O False

Supply side economics says we should talk about "the economy, because can't explain incentives to individual consumers, workers, and businesses. O False O True

Members of society lost jobs when COVID started. Businesses were closed, Goods and Services became scares and prices started surging. people who lost jobs counldnt afford essential goods and Services.   -what fiscal policies were in place or passed to help meet these problems?  -What was done for the unemployed?

What would happen to output, employment, and the price level if the government increased spending on infrastructure, ceteris paribus? O Output would decrease, employment would decrease, and the price level would decrease O Output would decrease, employment would decrease, and the price level would increase O Output would decrease, employment would increase, and the price level would increase Output would increase, employment would increase, and the price level would decrease. O Output would increase, employment would increase, and the price level would increase Question 2(Multiple Choice Worth 5 points) (03.06 MC) Assume the price level is increasing, real GDP is decreasing, and the unemployment rate is increasing. Which event would explain this macroeconomic situation? OA positive supply shock OA negative supply shock A positive demand shock OA negative demand shock O insufficient data