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Savings is when for the same period. O consumption is greater than output consumption is less...
FEE If real GDP is greater than potential GDP, the economy is O A. in a...
FEE If real GDP is greater than potential GDP, the economy is O A. in a below full - employment equilibrium. OB. in a long-run equilibrium. O C. not in a short - run macroeconomic equilibrium. OD. in a recessionary equilibrium. O E. in an above full - employment equilibrium. 7:30
(49)Which of the following statements is true? GNP: (a)Measures the total output of final goods and...
(49)Which of the following statements is true? GNP: (a)Measures the total output of final goods and services within a country’s economy in a year (b)Includes only goods and services produced by the citizens of a country (c)Includes intermediate inputs (d)All of the above (50)Which of the following statements is false? The monetary value of the output of $20 billion worth of cars by the Honda Corporation in India’s economy would be counted in: (a)Japan’s GNP (b)India’s GDP (c)America’s GNP (d)All...
O consumption is greater than his inc O saving is zero. uestion8 1 pts If consumption...
O consumption is greater than his inc O saving is zero. uestion8 1 pts If consumption is $30.000 income increases to $43,000, the MPC is when income is $35,000, and consumption increases to $36,000 when 0.65. O 0.75. 0.80. 0.95. D | Question 9 1 pts
monovimo) O mona 5. If over any given period, domestic investment Spending is greater than total...
monovimo) O mona 5. If over any given period, domestic investment Spending is greater than total domestic savings then, it will be reasonable to expect that a. Net exports will be zero. b. Net exports will be positive. c. Net exports will be negative, d. Net exports may be either positive or negative. 6. List all of the following that are included in the definition of money that is most relevant to analysis of Federal Reserve monetary policy, that is...
Product 13) 13) The gap that exists when equilibrium real Gross Domestic (GDP) is greater than...
Product 13) 13) The gap that exists when equilibrium real Gross Domestic (GDP) is greater than full employment real Gross Domestic Product (GDP) is called a(n) A) demand gap. C) recessionary gap B) employment gap D) inflationary gap 14) 14) Economic growth will NOT result in inflation if aggregate demand shifts A) outward to the right at the same speed as aggregate supply B) outward to the right as aggregate supply shifts inward to the left. C) inward to the...
Below is a list of domestic output and national income figures for a certain year. All...
Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. Value Value $285 12 Category Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption of fixed capital (depreciation) Social Security contributions Interest Proprietors'...
How do the national income accounts change if social security payments increase? A) Consumption falls. B)...
How do the national income accounts change if social security payments increase? A) Consumption falls. B) Consumption rises. C) Savings rise. D) This change is not captured in the national income accounts. How do the national income accounts change if unemployment benefits paid to people increase? A) Consumption falls. B) Consumption rises. C) Savings rise. D) This change is not captured in the national income accounts. How do the national income accounts change if national defense spending increases? A) Government...
The short-run average cost of producing a given level of output (a) is no greater than...
The short-run average cost of producing a given level of output (a) is no greater than the long-run average cost because in the long run an input which is fixed in the short run can be adjusted optimally (b) is not approximately constant near its minimum (c) does not depend on the output level in question (d) is no less than the long-run average cost because in the long run an input which is fixed in the short run can...
QUESTION 24 Given the table below which of the following statements is TRUE? Consumption Savings MPC...
QUESTION 24 Given the table below which of the following statements is TRUE? Consumption Savings MPC MPS APC APS Level of output 240 -4 260 0 280 4 300 8 320 12 16 340 360 20 380 24 400 28 A. Equilibrium is obtained when the level of output is 280 When the level of output is 320 APS is equal to 0,375 C. When the level of output is 360 APC is 0.94 D. When the level of output...
Businesses hold inventories based on what they expect their sales to be. When aggregate________is greater than...
Businesses hold inventories based on what they expect their sales to be. When aggregate________is greater than expected, inventories_______the targeted levels. a supply; fall below b demand; fall below c supply; remain constant d demand; remain constant Economists do not agree on whether a_______business cycle exists in the United States. a real b political c GDP d credible Keynesian economics grew out of the_________, when inflation was no problem but output was_____. a 1960's; rising b 1970's; falling c 1930's; falling...
FEE If real GDP is greater than potential GDP, the economy is O A. in a below full - employment equilibrium. OB. in a long-run equilibrium. O C. not in a short - run macroeconomic equilibrium. OD. in a recessionary equilibrium. O E. in an above full - employment equilibrium. 7:30
O consumption is greater than his inc O saving is zero. uestion8 1 pts If consumption is $30.000 income increases to $43,000, the MPC is when income is $35,000, and consumption increases to $36,000 when 0.65. O 0.75. 0.80. 0.95. D | Question 9 1 pts
monovimo) O mona 5. If over any given period, domestic investment Spending is greater than total domestic savings then, it will be reasonable to expect that a. Net exports will be zero. b. Net exports will be positive. c. Net exports will be negative, d. Net exports may be either positive or negative. 6. List all of the following that are included in the definition of money that is most relevant to analysis of Federal Reserve monetary policy, that is...
Product 13) 13) The gap that exists when equilibrium real Gross Domestic (GDP) is greater than full employment real Gross Domestic Product (GDP) is called a(n) A) demand gap. C) recessionary gap B) employment gap D) inflationary gap 14) 14) Economic growth will NOT result in inflation if aggregate demand shifts A) outward to the right at the same speed as aggregate supply B) outward to the right as aggregate supply shifts inward to the left. C) inward to the...
Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. Value Value $285 12 Category Personal consumption expenditures Net foreign factor income Transfer payments Rents Statistical discrepancy Consumption of fixed capital (depreciation) Social Security contributions Interest Proprietors'...
QUESTION 24 Given the table below which of the following statements is TRUE? Consumption Savings MPC MPS APC APS Level of output 240 -4 260 0 280 4 300 8 320 12 16 340 360 20 380 24 400 28 A. Equilibrium is obtained when the level of output is 280 When the level of output is 320 APS is equal to 0,375 C. When the level of output is 360 APC is 0.94 D. When the level of output...
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