College Macroeconomics: Tutoring Solution Final Exam
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Question 11.How do increases in the price level impact GDP?
Question 22.Which of the following policies is a component of supply-side fiscal policy?
Question 33.Which of the following BEST defines inflation?
Question 44.What is the correct relationship between price and quantity demanded shown by the law of demand?
Question 55.What is the result of a negative supply shock?
Question 66.Which exchange rate would most likely be used for a good or service that will be delivered at a future date?
Question 77._____ are payments made by those in the domestic economy to purchase financial and physical assets in other countries.
Question 88.Which one of the following scenarios would cause a nation's standard of living to increase?
Question 99.When the Fed lowers the discount rate, what will happen?
Question 1010.What is most likely to happen with a strong dollar?
Question 1111.What happens when the government provides a tax incentive for businesses to invest?
Question 1212.Which of the following is NOT a valid exchange medium for factors of production?
Question 1313.Which of the following is NOT a variable that influences net exports?
Question 1414.What is the point at which aggregate supply and aggregate demand intersect?
Question 1515.An upward sloping SRAS curve and a vertical LRAS reflect the fact that:
Question 1616._____ can often disrupt or make it difficult for domestic firms to compete in various industries.
Question 1717.Identify the situation where a weak currency, or lower exchange rate, can be beneficial.
Question 1818.Which of the following would be included in the GDP?
Question 1919.To calculate the size of an expansionary gap, economists
Question 2020.Which of the following is NOT a determinant of the productivity of a nation?
Question 2121.Suppose the President plans to cut taxes for consumers and also plans to increase defense spending. How will real GDP and the price level be affected?
Question 2222.What is human capital?
Question 2323.In year one, a worker's nominal wage is $25,000, and the CPI is 100. The following year, the worker's nominal wages stay the same, but the CPI is 105. In order to calculate the worker's real wage in year two, what needs to be done?
Question 2424.What are the two reasons that economic output can increase?
Question 2525.Which is TRUE of points located outside of the production possibility curve?
Question 2626.In the Classical Model, what shape is the aggregate supply curve?
Question 2727.What does the theory of Rational Expectations attempt to explain?
Question 2828.Keynesian economics believe that insufficient aggregate demand can result in:
Question 2929.If Mary's nominal income rises by 4%, while her real income fell by 2%, what happens to the level of prices?
Question 3030.In economics, the term investment refers to what?
Question 3131.If the Federal Reserve suddenly decreases the growth rate of the money supply from 6% to 4% per year, what is likely to happen to aggregate demand and real Gross Domestic Product in the short-run?
Question 3232.What did Keynes believe?
Question 3333.In a fractional reserve banking system, how does a decrease in reserve requirements affect the money supply?
Question 3434.What is the most important determinant of saving?
Question 3535.The table here shows the labor hours necessary to produce one unit of two goods, salmon and coconut creme pies, in two countries. If labor is the only input used, which of the following statements is true?
Question 3636.If $100 of new private investment gets added to the economy, and the marginal propensity to consume is 0.80, by how much will aggregate demand increase?
Question 3737.What is the economics model that describes the demand and supply of money in a nation called?
Question 3838.Aggregate supply is composed of which of the following?
Question 3939.How is labor productivity, measured as output per worker, affected by economic drivers?
Question 4040.This image shows the market demand schedule for bananas. If the price goes from 60 cents to 40 cents, how many more bananas will be purchased per week?
Question 4141.If banks have excess reserves of $5,000, and the money supply increased by $20,000, what is the reserve ratio?
Question 4242.What happens when unemployment falls below the natural rate?
Question 4343.What is the size of this contractionary gap?
Question 4444.What occurs when the rate of unemployment goes up at the same time as inflation?
Question 4545.Why does Saudi Arabia have a large trade surplus?
Question 4646.Why is productivity significant to economic growth?
Question 4747.What happens when money demand increases and all other things remain constant?
Question 4848.Loretta deposits money into her savings account. If all other factors are held constant, how does this affect M2?
Question 4949.When economists want to measure current production of an economy at current prices, they use which of the following?
Question 5050.What's hyperinflation?
College Macroeconomics: Tutoring Solution Final Exam Instructions
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appear. Click it to see your results. You will lose your work if you close or refresh this page. Good luck!