The European Union was initially established in and has currently has members a.

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The European Union was initially established in and has currently has members a. 2003; 16 b. 1993; 28 c. 1983;7 d. 1943; 33 49. If the Fed decreases the supply of dollars in circulation, one would expect a. Interest rates to increase and exports to decrease b. Interest rates to increase and exports to increase c. Interest rates to decrease and exports to increase d. Interest rates to decrease and exports to decrease 50.What recent event occurred in the European Union that has created financial concern in Europe, the U.S., and around the world? a. The U.S. has stopped exports to Europe b. England voted to leave the European Union c. Ireland has voted to separate from England d. England has placed heavy tariffs on imports 51.Total planned expenditure on all goods and services is also known as a. GDP b. Aggregate supply c. Aggregated consumption d. Aggregate demand 52.Aggregate supply is a. Total planned expenditure on all goods and services b. Total real output of final goods and service c. Real GDP d. All of the above e. B and C above 53. How is aggregate demand related to the price level? a. Positively related - as the price level rises, total expenditure rises b. Negatively related-as the price level rises, total expenditure decreases c. Positively related-as the price level rises, net exports decrease d. Negatively related-both move in the same direction 54. Why does consumption spending decrease as the price level increases? a. The purchasing power of household incomes decreases as the price level rises b. The purchasing power of household incomes increases as the c. Expectations cause households to decrease spending d. Real exports decrease when the price level rises price level rises 55. As the price level rises, interest rates willcausing investment spending to-providing another explanation for the shape of the aggregate demand curve a. Increase; increase b. Increase; decrease c. Decrease; increase d. Decrease; decrease

Explanation / Answer

Ans48) b is the correct option. The European Union was initially established in 1993 and has currently has 28 members. It ensures the free movement of people, goods, services, and capital within the internal market, enForced by laws and policies.

And 49) a is the correct option. Interest rate increases and exports decrease. People hold bonds and money. If there is a decrease in supply of money but no change in demand for money so to induce people to hold less money and hold more books fed increases the interest rate. Decrease in money supple lead to decrease in demand for good meaning the economy will have low output or income which further lead to decrease in exports.

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