16. Real GDP will increase A) only if the price level rises. B) only if the pric
ID: 1241494 • Letter: 1
Question
16. Real GDP will increaseA) only if the price level rises.
B) only if the price level falls.
C) only if the quantity of final goods and services produced rises.
D) if either the price level rises or the quantity of final goods and services produced rises.
17. The increased generosity of unemployment insurance programs in Canada as compared to the United States should
A) decrease the duration of unemployment in Canada as compared to the United States.
B) increase the duration of unemployment in Canada as compared to the United States.
C) have no impact on the duration of unemployment in Canada.
D) raise the duration of unemployment in the United States.
18. A policy that offers parents a tax reduction based on how much they are saving for their children?s college education should ________ the equilibrium level of loanable funds and ________ the rate of long-term growth.
A) decrease; increase
B) increase; decrease
C) decrease; decrease
D) increase; increase
Explanation / Answer
16. Real GDP will increase
A) only if the price level rises.
B) only if the price level falls.
C) only if the quantity of final goods and services produced rises.
D) if either the price level rises or the quantity of final goods and services produced rises.
17. The increased generosity of unemployment insurance programs in Canada as compared to the United States should
A) decrease the duration of unemployment in Canada as compared to the United States.
B) increase the duration of unemployment in Canada as compared to the United States.
C) have no impact on the duration of unemployment in Canada.
D) raise the duration of unemployment in the United States.
18. A policy that offers parents a tax reduction based on how much they are saving for their children?s college education should ________ the equilibrium level of loanable funds and ________ the rate of long-term growth.
A) decrease; increase
B) increase; decrease
C) decrease; decrease
D) increase; increase -correct answer
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