ECON101 exam 7 topic 11, actual, attempt 1.docx - ECON101_MH_V3Topic 11 Aggregate Expenditures Started on State Wednesday 11:54 AM Finished Completed on

# ECON101 exam 7 topic 11, actual, attempt 1.docx -...

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ECON101_MH_V3Topic 11: Aggregate Expenditures Started on Wednesday, January 22, 2020, 11:54 AM State Finished Completed on Wednesday, January 22, 2020, 12:26 PM Time taken 31 mins 22 secs Grade 55.00 out of 55.00 (100%) Question 1 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text Refer to the figure below. Picture Based on the figure, if autonomous spending increases from 400 to 600, then the new short-run equilibrium output will equal: Select one: a. 1,200. Correct b. 400. c. 600.
d. 800. Feedback The correct answer is: 1,200. Question 2 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text In the Keynesian cross diagram, the ______ line shows the relationship between planned aggregate expenditure and output, and the ______ line represents the condition that planned aggregate expenditure and output are equal. Select one: a. consumption function; 45-degree b. 45-degree; consumption function c. expenditure; 45-degree Correct d. 45 degree; expenditure Feedback The correct answer is: expenditure; 45-degree Question 3 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text The expenditure line in the Keynesian cross diagram represents the:
Select one: a. equilibrium condition that Y = PAE. b. relationship between planned expenditure and output. Correct c. relationship between consumption and after-tax disposable income. d. equilibrium condition that Y = Y*. Feedback The correct answer is: relationship between planned expenditure and output. Question 4 Correct 2.75 points out of 2.75 Not flaggedFlag question Question text If firms sell more output than expected, planned investment: Select one: a. is greater than actual investment. Correct b. is less than actual investment. c. equals actual investment. d. equals zero. Feedback The correct answer is: is greater than actual investment.

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