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12/4/2017Final_Exam_Review: ECO1312-003-11771/29a change in consumptiona change in government expendituresa change in net exportsa change in the price levelFinal_Exam_ReviewDueDec 7 at 11:59pmPoints50Questions50Availableuntil Dec 7 at 11:59pmTime LimitNoneAllowed AttemptsUnlimitedInstruc±onsA±empt HistoryAttemptTimeScoreKEPTAttempt 27 minutes50 out of 50LATESTAttempt 27 minutes50 out of 50Attempt 135 minutes45 out of 50Correct answers are hidden.Score for this attempt:50out of 50Submitted Dec 4 at 7:52pmThis attempt took 7 minutes.This is the correct review.Take the Quiz Again1 / 1 ptsQuestion 1Which of the following will cause a movement from one point on an AD curveto another point on the same AD curve?
12/4/2017Final_Exam_Review: ECO1312-003-11772/29all of the above1 / 1 ptsQuestion 2Oneshot inflation can be caused by1 / 1 ptsQuestion 3The simple quantity theory of money predicts that an increase in M of 101 / 1 ptsQuestion 4
12/4/2017Final_Exam_Review: ECO1312-003-1177When total production is less than total expenditures, __________ isproduced than households want to buy, which leads to __________ ininventory, which signals firms that they have __________, which causesfirms to increase production.3/291 / 1 ptsQuestion 5If an economist recommends that the government reduce the tax rate inorder to increase tax revenues (based on the Laffer curve), she is implicitlyassuming that the economy is currently operating at a pointinside the Laffer curve.outside the Laffer curve.on the upwardsloping portion of the Laffer curve.on the downwardsloping portion of the Laffer curve.where tax revenues are maximized.