The level of national income in the circular flow will remain constant if

Answer(s): B

The equilibrium level of national income in an economy is the level of income at which

Answer(s): C

If a government adopted a fiscal policy of cutting its budget deficit, the aggregate demand and supply model shows that the result would be:

a shift in the aggregate demand curve to the right, a fall in output and employment and a rise in the price level
a shift in the aggregate demand curve to the left, a fall in output and employment and a fall in the price level
a shift in the aggregate demand curve to the left, a fall in output and employment and a rise in the price level
a shift in the aggregate demand curve to the right, a rise in output and employment and a rise in the price level

Answer(s): B

Which of the following is most likely to lead an economy to suffer high unemployment?

Answer(s): A

Free CIMAPRA17-BA1-1 Exam Braindumps (page: 3)