Econ528 Study guides, Class notes & Summaries

Econ213 Exam 2 Questions with 100% Correct Answers The interest rate effect: - change in consumer and investment spending due to changes in interest rates resulting from changes in the aggregate price level If the price level in the United States increases relative to other countries, then the United States will export - fewer goods and services if the price level in the United States increases relative to other countries, then the United States will import - more goods and services an ...

ECON102 Exam Questions with 100% Correct Answers Government purchases include all of the following EXCEPT: -The construction of a new courthouse built by the state government - The salary paid to a high school teacher employed by a local public school catchment - welfare benefits paid by the federal government -The purchase of new military hardware by the Australian Defense Force - welfare benefits paid by the federal government Real GDP measures the _______________ of production. -. C...

ECON 2006 Final Exam Questions with 100% Correct Answers The equation that expresses gross domestic product (GDP) as different types of expenditures is GDP = - C + I + G + NX Inflation necessarily occurs when - a measure of the overall price level, such as the consumer price index (CPI), rises. When a U.S. firm buys a new refrigerator made in the United States for use in the company lunchroom, the refrigerator is included in the ________ category of gross domestic product (GDP). - invest...

Econ 2006 final Exam Questions with 100% Correct Answers macroeconomics - conveys the overall health of the economy using such measures as unemployment, inflation, and economic growth rates microeconomics - the study of how individual households and firms make decisions and how they interact in markets fiscal policy - using taxes and government spending to shape economic conditions monetary policy - using the money supply to change interest rates to increase or decrease consumption and ...

ECON 2006 FINAL Exam Questions with 100% Correct Answers Smaller the value of the multiplier, because when people save more, they spend less, and decrease the overall spending multiplier - Holding everything else constant in an economy, the larger the MPS, the: A) smaller the value of the multiplier. B) larger the value of the multiplier. 5,000 + .7YD, because Autonomous consumer spending is 5,000; and MPC is .7 (100 dollar increase, spend 70) - Assume aggregate consumer spending equals...

Econ 2006 Ch. 19 Exam Questions with 100% Correct Answers current account- rest of the world to spain - an Italian buys a hotel room for a vacation in Spain -interest on a Spanish bank's loan to Greek company current account-spain to rest of the world - -profits of a US company operating in spain -Spanish company buys Iranian oil financial account-spain to rest of the world - -spanish central bank buys more foreign exchange reserves -spanish company buys Irish IT company financial ac...

ECON 1103 Final Exam Questions with 100% Correct Answers Absolute advantage - the comparison among producers of a good according to their productivity Aggregate-demand curve - a curve that shows the quantity of goods and services that households, firms, and the government want to buy at each price level Aggregate-supply curve - a curve that shows the quantity of goods and services that firms choose to produce and sell at each price level Appreciation - an increase in the value of a curr...

ECON 1103 Exam Questions with 100% Correct Answers Consumer surplus - The difference between the highest price a consumer is willing to pay for a good or service and the price the consumer actually pays. Measures the benefit to consumers from buying a particular product Marginal benefit - the additional benefit to a consumer from consuming one more unit of a good or service - We can use the demand curve to measure the total consumer surplus in a market. Demand curve show the willingness...

ECON 350 Portion One Exam Questions with 100% Correct Answers The price paid for the rental of borrowed funds (usually expressed as a percentage of the rental of $100 per year) is commonly referred to as the - Interest rate (I) A bond is a debt security that promises to make payments periodically for a specified period of time. (II) A stock is a security that is a claim on the earnings and assets of a corporation. - Both are true. Use the information for the question(s) below. Alaska No...

ECON 350 Portion 3 Exam Questions with 100% Correct Answers A company's stock price jumped when it announced that its revenue had decreased because of the quality issues of its products. This is an example of ________. - Unsystematic risk If the Federal Reserve were to change from an expansionary to a contractionary monetary policy, this would be an example of ________. - Systematic risk The S&P 500 index delivered a return of 10%, 15%, 15%, and -30% over four successive years. What is...