Homework Answers
Option A
Explanation: Option A deals with a microeconomic question as it is related to the economics of a single product.
The remaining options are related to economics at the aggregate level.
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1.1 Test A 4 Which of the following topics is NOT a macroeconomic question? 0 A....
1. In the beginning of 2017, the U.S. government predicted that economic growth would rise by...
1. In the beginning of 2017, the U.S. government predicted that economic growth would rise by 2019 and that the government's deficit would also increase. The government, therefore, was predicting that in 2019 the cyclical deficit would _______ and the structural deficit would _______. A. increase; increase B. decrease; increase C. increase; decrease D. decrease; decrease E. decrease; unchanged 2. Denmark's government budget was in surplus in 2014, and in deficit in the following year, 2015. We can conclude the...
An open economy is described by the following system of macroeconomic equations, in which all macroeconomic...
An open economy is described by the following system of macroeconomic equations, in which all macroeconomic aggregate are measured in billions of Namibian dollars, N$: Y = C + I + G + X – M C = 10 + 0.8 Yd T = 10+ 0.2Y X = 80 I = 35 G = 15 TR = 10 – 0.05Y M = 22 + 0.1Y Where: Y is domestic income Yd is private disposable income C is...
All of the following topics, except one, are valid macroeconomic topics. Which one is the exception?...
All of the following topics, except one, are valid macroeconomic topics. Which one is the exception? Select one: a. the effect of the government budget deficit on inflation b. the reasons the labour force in a country decreases c. the reasons the average price level in a country falls d. the cause of increasing unemployment O e the reasons the price of coffee fluctuates Suppose we observe a rise in the price of good A and an increase in the...
Answer the next FIVE questions on the basis of the following equations, which describe the macroeconomic...
Answer the next FIVE questions on the basis of the following equations, which describe the macroeconomic features of a particular economy: C = 50,000 + .92Y I = 20,000 G= 8,000 What is the equilibrium level of Aggregate Output for this economy? O $780,000 O $71,760 $947,000 $975,000 O $875,000 QUESTION 27 When the economy described in the previous questionis in equilibrium, what will be the level of consumption spending? O $947,000 O $921,240 $67,000 $855,000 $767,000 What is the...
i need answers as soon as possible QUESTION 12 In the aggregate expenditure model if the...
i need answers as soon as possible
QUESTION 12 In the aggregate expenditure model if the government of Pasedonia decides to increase government spending by $ 100 billion and to finance this increase in government spending the government of Pasedonia increases taxes by $ 100 billion what effect will this have on the economy? (assume MPC 0.75) O A GDP stays the same B. GDP increases by $ 100 billion OC. GDP will increase by $ 400 billion OD. GDP...
QUESTION 12 In the aggregate expenditure model if the government of Pasedonia decides to increase government...
QUESTION 12 In the aggregate expenditure model if the government of Pasedonia decides to increase government spending by $ 100 billion and to finance this increase in government spending the government of Pasedonia increases taxes by $ 100 billion what effect will this have on the economy? (assume MPC=0.75) O A GDP stays the same OB GDP increases by $ 100 billion OC. GDP will increase by $ 400 billion D.GDP will decrease QUESTION 13 An example of an automatic...
An individual income tax is a tax on: Select the correct answer below: o the profits...
An individual income tax is a tax on: Select the correct answer below: o the profits of a corporation O an individual's annual income O an individual's purchases at major retailers o the wages an individual receives from an employer When the budget deficit rises... Select the correct answer below: O domestic private investment falls O government spending falls O the trade deficit falls O private savings fall Which of the following will lead to expansionary fiscal policy? Select all...
QUESTION 1 Which of the following is an example of an automatic fiscal policy stabilizer? a....
QUESTION 1 Which of the following is an example of an automatic fiscal policy stabilizer? a. Tax revenues fall as real GDP decreases. b. Congress decides to cut spending on national defense. c. Congress cuts individual income tax rates. d. Tax revenues rise after Congress raises corporate tax rates. QUESTION 7 When a country's economy is producing at a level that is less than its potential GDP, the standardized employment deficit will show a ________ than the actual deficit. a....
In a closed economy, private saving is smaller than investment if government spending exceeds tax revenue....
In a closed economy, private saving is smaller than investment if government spending exceeds tax revenue. Select one: True False If there is a surplus of loanable funds, then neither curve shifts, but the quantity of loanable funds supplied increases and the quantity demanded decreases as the interest rate rises to equilibrium. Select one: True False An increase in the budget deficit would cause a shortage of loanable funds at the original interest rate, which would lead to falling interest...
(1) Other things being equal, which of the following will increase aggregate expenditures? Group of answer...
(1) Other things being equal, which of the following will increase aggregate expenditures? Group of answer choices An increase in domestic prices relative to foreign prices A decrease in the interest rate A decrease in real wealth An increase in income taxes A decrease in government purchases of goods and services (2) If the current unemployment rate is 5 percent and the natural unemployment rate is 6 percent, then the economy is Group of answer choices producing a level of...
All of the following topics, except one, are valid macroeconomic topics. Which one is the exception? Select one: a. the effect of the government budget deficit on inflation b. the reasons the labour force in a country decreases c. the reasons the average price level in a country falls d. the cause of increasing unemployment O e the reasons the price of coffee fluctuates Suppose we observe a rise in the price of good A and an increase in the...
Answer the next FIVE questions on the basis of the following equations, which describe the macroeconomic features of a particular economy: C = 50,000 + .92Y I = 20,000 G= 8,000 What is the equilibrium level of Aggregate Output for this economy? O $780,000 O $71,760 $947,000 $975,000 O $875,000 QUESTION 27 When the economy described in the previous questionis in equilibrium, what will be the level of consumption spending? O $947,000 O $921,240 $67,000 $855,000 $767,000 What is the...
i need answers as soon as possible
QUESTION 12 In the aggregate expenditure model if the government of Pasedonia decides to increase government spending by $ 100 billion and to finance this increase in government spending the government of Pasedonia increases taxes by $ 100 billion what effect will this have on the economy? (assume MPC 0.75) O A GDP stays the same B. GDP increases by $ 100 billion OC. GDP will increase by $ 400 billion OD. GDP...
QUESTION 12 In the aggregate expenditure model if the government of Pasedonia decides to increase government spending by $ 100 billion and to finance this increase in government spending the government of Pasedonia increases taxes by $ 100 billion what effect will this have on the economy? (assume MPC=0.75) O A GDP stays the same OB GDP increases by $ 100 billion OC. GDP will increase by $ 400 billion D.GDP will decrease QUESTION 13 An example of an automatic...
An individual income tax is a tax on: Select the correct answer below: o the profits of a corporation O an individual's annual income O an individual's purchases at major retailers o the wages an individual receives from an employer When the budget deficit rises... Select the correct answer below: O domestic private investment falls O government spending falls O the trade deficit falls O private savings fall Which of the following will lead to expansionary fiscal policy? Select all...
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