Trang chủ 13. Test - Economics - No 9





Economists use the phrase "business cycle" when referring to fluctuations in

In the U.S., the money supply (M1) consists of

A client tells you that he currently earns $100,000 per year and is comfortable with his lifestyle at that income level. He says he is planning on retiring in 15 years. If inflation averages 4.3% over the next 15 years, approximately what income level will this client require to maintain his current lifestyle?

If consumption equals 1,000 when disposable income is 1,300 and increases to 1,200 when disposable income increases to 1,700, what are the marginal propensities to consume and to save?

Which of the following is not generally caused by deficit spending?

If the quality of education in the U.S. improved, the direct effect would be a(n)

A permanent shift to the right in the long-run aggregate supply curve indicates that

In an economy, planned aggregate expenditures equal 10,300. Planned consumption is 4,500 and planned government expenditure is 3,600. If the economy is in Keynesian equilibrium, the real GDP equals ________.

According to the Keynesian view, which of the following would most likely decrease aggregate demand, all else equal?

MPC equals

In the aggregate demand/aggregate supply model, when the output of an economy is less than its long-run potential capacity, the economy will experience

Which of the following is true?

Which of the following would be included as a government purchase in the national income accounts?

According to the Keynesian theory, unemployment can be reduced by:

Which of the following is/are true about monetary policy? I. The money supply will have no impact on real income if changes in the price level are anticipated. II. Monetary policy can only serve to decrease economic volatility. III. Without interference, the money supply would remain constant.

The expenditure multiplier equals 3.9. What change in income will decrease consumption by 870?

If people raise their expectations regarding future inflation, which of the following will most likely occur?

The primary difference between planned investment and actual investment is

If there is an increase in foreign financial investment in the U.S. as the result of large U.S. budget deficits and attractive interest yields, then

An economy is currently in a state of equilibrium at full employment. If a sudden and permanent demand shock were to increase aggregate demand, which of the following effects will occur in the long run? I. Profit margins will improve. II. Resource prices will stay relatively unchanged. III. Prices will increase. IV. Employment will increase.