Macroeconomic policy by one nation can be offset by the macroeconomic policy of other nations.Question 4Select one:TrueFalse

Goals of macroeconomic policy

What factors do NOT significantly influence macroeconomics of a country?Question 4Answera.Economic Output such as Gross Domestic Productb.Inflationc.Unemployment Ratesd.Cost of Production of goods and servicese.Fiscal and trade policies

Changes in GDP can reflect changes in the overall level of economic activity within a country.Question 30Answera.Trueb.False

Which of the following was NOT part of the National Policy?*1 pointTransportation PolicyImmigration PolicyAssimilation PolicyEconomic Policy

A decline in aggregate demand has caused a recession. The economy’s current level of real GDP is below its long-run equilibrium and the current price level is below the equilibrium price level. a. Without government action, the economy will return to long-run equilibrium through multiple choice 1a decrease in aggregate supply.a decrease in long-run aggregate supply.an increase in aggregate supply.an increase in long-run aggregate supply. b. If the government implements expansionary fiscal policy after the economy has self-corrected, the increase in aggregate demand will multiple choice 2decrease both real GDP and the price level.increase both real GDP and the price level.decrease real GDP and increase the price level.increase real GDP and decrease the price level. c. The slow fiscal policy will result in multiple choice 3low interest rates.high unemployment.demand-pull inflation.cost-push inflation.