58. As the price level decreases, other things being equal, a. Aggregated demand

Question

58. As the price level decreases, other things being equal,

            a. Aggregated demand increases

            b. the quantity of real gross domestic product demanded increases.

            c. the quantity of real gross domestic product demanded decreases.

            d. real gross domestic product supplied increases.

            e. both a. and c. occur

190. An increase in taxes will do which of the following in the long run?

138. An example of a negative externality is:?

a. the change in the property values of your neighbors' homes when you paint your house and landscape your front yard?

b. the sleep you lose when your neighbor throws a loud party next door that keeps you awake.?

c. the reduction in profits for your company that occurs when there is a decrease in consumer demand for the product you manufacture.?

d. the benefit you receive when your neighbor installs a smoke detector.

118. if exports and imports both rose, but exports rose more than imports,

            a. AD would fall

            b.AD would rise

            c. AD would be unaffected

            d. AD could either increase or decrease

92. Other things being equal, an increase in the labor force resulting increased immigration tends to:

Explanation / Answer

58. As the price level decreases, other things being equal,

b. the quantity of real gross domestic product demanded increases.

Decrease in the price level means people can buy more goods and services with same level of income now their real income have increased. Hence they demand more goods and services.     

190. An increase in taxes will do which of the following in the long run?

Output is reduced when the taxes are imposed on the firms

138. An example of a negative externality is:?

b. the sleep you lose when your neighbor throws a loud party next door that keeps you awake.?

118. if exports and imports both rose, but exports rose more than imports,

            b.AD would rise

Rise in the aggregate would be seen when export increases more than the import. More export implies the more purchasing power of domestic suppliers and poeple. Hence AD would rise.

92. Other things being equal, an increase in the labor force resulting increased immigration tends to:

Competition among the labors will bid down the wage rate.

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