ExamFinal Review.pdf - Final_Exam_Review ECO1312-003-1177 Final_Exam_Review Due Dec7at11:59pm Points 50 Questions 50 Available untilDec7at11:59pm

ExamFinal Review.pdf - Final_Exam_Review ECO1312-003-1177...

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12/4/2017 Final_Exam_Review: ECO1312-003-1177 1/29a change in consumptiona change in government expendituresa change in net exportsa change in the price level Final_Exam_Review Due Dec 7 at 11:59pm Points 50 Questions 50 Available until Dec 7 at 11:59pm Time Limit None Allowed Attempts Unlimited Instruc±ons A±empt History Attempt Time Score KEPT Attempt 2 7 minutes 50 out of 50 LATEST Attempt 2 7 minutes 50 out of 50 Attempt 1 35 minutes 45 out of 50 Correct answers are hidden. Score for this attempt: 50 out of 50 Submitted Dec 4 at 7:52pm This attempt took 7 minutes. This is the correct review. Take the Quiz Again 1 / 1 ptsQuestion 1Which of the following will cause a movement from one point on an AD curveto another point on the same AD curve?
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12/4/2017Final_Exam_Review: ECO1312-003-11772/29all of the above 1 / 1 pts Question 2One­shot inflation can be caused by 1 / 1 pts Question 3The simple quantity theory of money predicts that an increase in M of 10 1 / 1 pts Question 4
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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. 3/29 1 / 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 point inside 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.
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