Econ 201 Exam 4

Econ 201 Exam 4 - ECON201Exam4-Chapters9-14(sample)...

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ECON201Exam4-Chapters9-14(sample) Student:_______________________________________________________________________________________ Thissampleexamcontains120questions. Theactualexamwillcompriseof50multiplechoicequestions selectedfromthethese120multiplequestions. 1. TherelationshipbetweeninvestmentandGDPisshownbythe: A. consumptionoffixedcapitalschedule. B. savingschedule. C. investmentschedule. D. consumptionschedule. 2. Intheaggregateexpendituresmodel,itisassumedthatinvestment: A. automaticallychangesinresponsetochangesinrealGDP. B. changesbylessinpercentagetermsthanchangesinrealGDP. C. doesnotrespondtochangesininterestrates. D. doesnotchangewhenrealGDPchanges. 3. Refertotheabovediagrams.CurveA: A. isaninvestmentscheduleandcurveBisaconsumptionoffixedcapitalschedule. B. isaninvestmentdemandcurveandcurveBisaninvestmentschedule. C. andBaretotallyunrelated. D. shiftstotheleftwhencurveBshiftsupward. 4. Refertotheabovediagrams.Otherthingsequal,curveBwillshiftupwardwhen: A. thelevelofGDPincreases. B. theinterestrateincreases. C. curveAshiftstotheleft. D. curveAshiftstotheright. 5. Refertotheabovediagrams.Otherthingsequal,aninterestratedecreasewill: A. shiftcurveAtotherightandshiftcurveBupward. B. shiftcurveAtotheleftandshiftcurveBdownward. C. leavecurveAinplacebutshiftcurveBdownward. D. leavecurveAinplacebutshiftcurveAupward. 6. Refertotheabovediagrams.Otherthingsequal,aninterestrateincreasewill: A. shiftcurveAtotherightandshiftcurveBupward. B. shiftcurveAtotheleftandshiftcurveBdownward. C. leavecurveAinplacebutshiftcurveBdownward. D. leavecurveAinplacebutshfitcurveAupward. 7. Refertotheabovediagram.Otherthingsequal,aninterestratereductioncoupledwitharightwardshiftinc urveA will: A. shiftcurveBupward. B. shiftcurveBdownward. C. havenoeffectoncurveB. D. reduceGDP. 8. Refertotheabovediagram.ThelocationofcurveBdependsonthe: A. levelofrealGDP.
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B. locationofcurveAonly. C. interestrateonly. D. interestratetogetherwiththelocationofcurveA. 9. Thelevelofaggregateexpendituresintheprivateclosedeconomyisdeterminedbythe: A. expendituresofconsumersandbusinesses. B. intersectionofthesavingscheduleandthe45-degreeline. C. equalityoftheMPCandMPS. D. intersectionofthesavingandconsumptionschedules. Answerthenext question(s)onthebasisofthefollowingdataforaprivateclosedeconomy. 10. Refertotheabovedata.TheMPSis: A. 7/10. B. 3/10. C. 2/5. D. 3/5. 11. Refertotheabovedata.Atthe$370billionlevelofDItheAPSisapproximately: A. 4percent. B. 7percent. C. 1percent. D. 16percent. 12. Refertotheabovedata.Ifgrossinvestmentis$12billion,theequilibriumlevelofGDPwillbe: A. $380. B. $370. C. $360. D. $350. 13. Refertotheabovediagramthatappliestoaprivateclosedeconomy.TheAPCisequalto1at incomelevel: A. J . B.
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This note was uploaded on 07/06/2008 for the course ECON 201 taught by Professor Nwoha during the Spring '08 term at Grambling State.

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Econ 201 Exam 4 - ECON201Exam4-Chapters9-14(sample)...

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