题目内容

A large decrease in the income tax rate will most likely cause

A. a fairly large increase in aggregate demand
B. a fairly small increase in aggregate supply
C. an increase in the price level
D. all of the above
E. none of the above

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If nominal GDP is $12,600 billion and nominal money supply is $6,300 billion, then the income velocity of money is

A. V = $2 billion
B. V = 0.5
C. V = 2
D. V can only be determined if the price level is known
E. none of the above

If restrictive monetary policy leads to a lower price level but leaves real output, employment, and real interest rates unchanged, then

A. real money balances must be unchanged
B. it must have been accompanied by expansionary fiscal policy
C. it must have been accompanied by restrictive fiscal policy
D. money is said to be neutral
E. both A) and D)

Supply-side economics involves policy measures designed to

A. encourage technological progress
B. remove unnecessary government regulations
C. give investment tax credits to stimulate specific capital investments
D. all of the above
E. none of the above

Cutting income tax rates will most likely cause

A. a large shift in the AD-curve but a small shift in the AS-curve
B. a small shift in the AD-curve but a large shift in the AS-curve
C. a large increase in output resulting in a large increase in tax revenues
D. a budget deficit so large that income growth is no longer possible
E. both B) and C)

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