An increase in buying of newly built homes will result in which of the following?ResponsesAggregate demand will shift left as a result of a decrease in price levelAggregate demand will shift left as a result of a decrease in price levelAggregate demand will shift right as a result of an increase in investment spendingAggregate demand will shift right as a result of an increase in investment spendingAggregate demand will shift right as a result of an increase in exportsAggregate demand will shift right as a result of an increase in exportsAggregate demand will not change, since consumer spending did not changeAggregate demand will not change, since consumer spending did not changeAggregate demand will not change, since there has been no change in investment spending

If both population and per capita income increase. Which of the following is likely to occur?Question 16Select one:a.Housing prices will stay the same since demand and supply are not affected.b.Demand for housing will increase, so housing prices will increase.c.Demand for housing will increase, so housing prices will decrease.d.The supply of housing will decrease, so housing prices will increase.e.The supply of housing will increase, so housing prices will decrease.

A change in which of the following will shift the market supply curve of residential houses to the right?An increase in the price of residential houses.A decrease in the number of residential house buyers.An increase in the number of residential house suppliers.An increase in the cost of land used in residential house development.

Which of the following will result in a DECREASE in demand (i.e., a leftward shift of the demand curve)?An increase in the price of a complement to the goodAn increase in income, if the good is normalAn increase in the price of a substitute for the goodAn increase in the size of the market

Which of the following will result in a rightward shift of the aggregate demand curve?ResponsesAn increase in the income tax rateAn increase in the income tax rateAn increase in exportsAn increase in exportsA decrease in the price levelA decrease in the price levelA decrease in household incomeA decrease in household incomeA decrease in government spending

If there is an increase in the nation’s money supply, the interest rate willmultiple choicerise, investment spending will fall, aggregate demand will shift right, real GDP will fall, and the price level will rise.fall, investment spending will rise, aggregate demand will shift right, and real GDP and the price level will rise.fall, investment spending will rise, aggregate demand will shift right, real GDP will rise, and the price level will fall.rise, investment spending will fall, aggregate demand will shift right, real GDP will rise, and the price level will fall.