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A graphical representation of the relationship between the total quantity of goods and services demanded and the price level

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The difference between the nominal interest rate and the real interest rate isA.the nominal interest rate is the stated interest rate whereas the real interest rate is the nominal interest rate plus the inflation rate.B.the nominal interest rate is the stated interest rate whereas the real interest rate is the nominal interest rate divided by the inflation rate.C.the nominal interest rate is the stated interest rate whereas the real interest rate is the nominal interest rate minus the inflation rate.D.the real interest rate is the stated interest rate whereas the nominal interest rate is the real interest rate minus the inflation rate.

Suppose that the wage rate of labor decreased temporarily. The result of this would be best described byA.a decreasein both the​ short-run aggregate supply and​ long-run aggregate supply curves.B.an increasein both the​ short-run aggregate supply and long run aggregate supply curves.C.a decreasein the​ short-run aggregate supply curve only.D.an increasein the​ short-run aggregate supply curve only.

How do automatic stabilizers ​work?A.When an increase in national income occurs there will be an increase in income tax collections and an increase in unemployment compensation and welfare payments muting the increase in planned expenditures that would have otherwise resulted.B.When a decline in national income occurs there will be an increase in income tax collections and an increase in unemployment compensation and welfare payments muting the reduction in planned expenditures that would have otherwise resulted.C.When an increase in national income occurs there will be a reduction in income tax collections and a decrease in unemployment compensation and welfare payments muting the reduction in planned expenditures that would have otherwise resulted.D.When a decline in national income occurs there will be a reduction in income tax collections and an increase in unemployment compensation and welfare payments muting the reduction in planned expenditures that would have otherwise resulted.

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