whatsapp

Connect on Whatsapp : +1 206 673 2541, Uninterrupted Access 24x7, 100% Confidential. Connect Now

Quiz: Economics

Question:

Why might a large value for the multiplier make an economy less stable?
A)Any change in real GDP has a small effect in autonomous expenditure.
B)Any change in real GDP causes a large change in autonomous expenditure.
C)Any change in autonomous expenditure has a small effect on real GDP.
D)Any change in autonomous expenditure causes a large change in real GD

Question:

In late​ 2007, the Fed began a series of cuts in the federal funds rate. Because the core inflation rate was about two​ percent, the most likely reason for these interest rate cuts was
A.
to raise the price of the dollar in the foreign exchange market.
B.
to increase the real interest rate.
C.
to reduce the natural unemployment rate.
D.
to avoid a recession.
E.
to encourage households to save more money.
Question:

If the economy moves upward along its short−run Phillips​ curve, in the AS −AD​ diagram, this movement is shown by a
A.
movement downward along the AS curve as a result of a leftward shift of the AD curve.
B.
leftward shift of the AS curve and a movement along the AD curve.
C.
movement upward along the AS curve as a result of a rightward shift of the AD curve.
D.
rightward shift of potential GDP.
E.
rightward shift of the AS curve and a movement along the AD curve.
Question:

If the dollar rises against the​ euro, the dollar buys​ ________ euros, the euro​ ________ and the dollar​ ________.
A.
​more; depreciates; appreciates
B.
​less, depreciates; appreciates
C.
​more; depreciates; depreciates
D.
​more; appreciates; depreciates
E.
​less; appreciates; depreciates
Question:

The United States still imports oil, but has a plentiful agricultural output and through exchange with ___________ nations (who often have a shortage of food) mutual benefit can be gained.
Question:

Can the profit-maximizing monopolist produce an output that lies in the inelastic portion of the linear demand curve it faces? Why or why not?

In late​ 2007, the Fed began a series of cuts in the federal funds rate. Because the core inflation rate was about two​ percent, the most likely reason for these interest rate cuts was
A.
to raise the price of the dollar in the foreign exchange market.
B.
to increase the real interest rate.
C.
to reduce the natural unemployment rate.
D.
to avoid a recession.
E.
to encourage households to save more money.
Question:

If the economy moves upward along its short−run Phillips​ curve, in the AS −AD​ diagram, this movement is shown by a
A.
movement downward along the AS curve as a result of a leftward shift of the AD curve.
B.
leftward shift of the AS curve and a movement along the AD curve.
C.
movement upward along the AS curve as a result of a rightward shift of the AD curve.
D.
rightward shift of potential GDP.
E.
rightward shift of the AS curve and a movement along the AD curve.
Question:

If the dollar rises against the​ euro, the dollar buys​ ________ euros, the euro​ ________ and the dollar​ ________.
A.
​more; depreciates; appreciates
B.
​less, depreciates; appreciates
C.
​more; depreciates; depreciates
D.
​more; appreciates; depreciates
E.
​less; appreciates; depreciates
Question:

The United States still imports oil, but has a plentiful agricultural output and through exchange with ___________ nations (who often have a shortage of food) mutual benefit can be gained.
Question:

Can the profit-maximizing monopolist produce an output that lies in the inelastic portion of the linear demand curve it faces? Why or why not?

Solution:

Looking for help with your homework?
Grab a 30% Discount and Get your paper done!

30% OFF
Turnitin Report
Formatting
Title Page
Citation
Place an Order

Calculate your paper price
Pages (550 words)
Approximate price: -