Pergunta

15) Which one of the following is the outcome of an increase in income? A. A rotation of budget curve C. An inward shift of the budget curve B. A movement of budget curve D. An outward shift of the budget curve 16) Which One of the following best describes market equilibrium? A. A situation in which quantity demand is less than quantity supply B. A situation in which quantity demand is greater than quantity supply C. A situation in which non crossing demand and supply curve exist D. A situation in which quantity demand is equal to the quantity supply 17) The phase of business cycle during which business confidence in the economy is at its lowest is known as: A. Peak C. Recovery B. Depression D. Contraction 18) Which one of the following suggested that, Central Banks primary focus on the growth of money supply:
Solução

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GeovannaVeterano · Tutor por 12 anos
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15) The correct answer is D. An outward shift of the budget curve.<br /><br />Explanation: An increase in income leads to an outward shift of the budget curve, as individuals have more money to spend on goods and services. This shift represents an increase in purchasing power and consumption.<br /><br />16) The correct answer is D. A situation in which quantity demand is equal to the quantity supply.<br /><br />Explanation: Market equilibrium occurs when the quantity demanded by consumers is equal to the quantity supplied by producers. At this point, the market clears, and there is no excess supply or demand.<br /><br />17) The correct answer is B. Depression.<br /><br />Explanation: The phase of the business cycle during which business confidence in the economy is at its lowest is known as a depression. This phase is characterized by a significant decline in economic activity, high unemployment, and low consumer and business confidence.<br /><br />18) The correct answer is John Maynard Keynes.<br /><br />Explanation: John Maynard Keynes suggested that Central Banks should focus on the growth of money supply as a means to stimulate economic activity and address economic downturns. Keynesian economics emphasizes the role of government intervention and monetary policy in managing the economy.
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