Principles of Macroeconomics: A Study Guide

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Unformatted text preview: 4 The specific Emotional form for the demand curve is: (a) P= le—od (b) ?=Qd— 1n {e} P=50—fl.5Qd (a) P=25—fl.5Qd 5 The equilibrium quantity, Qe, is equal to: (a) 40.0 {b} 26-? (e) 106.1] (d) 36-? 6 The equilibrium price, Po, is equal to: (a) 401) (b) 26.7 (o) —1 [Hi {d} 315.? 7 Hineome, 1, increases and 3 ud 2:- II} then: a I (a) The demand curve shifts left (b) The demand curve shifts right {0} The demand curve shifis down (:1) There is an upward mov-llt of quantity demanded along the curve 3 If Q_Qc_l <5 i], and P2 is the price of a seoond good, then the second good is a(n}: a P; (a) substitute good {b} inferior good (-2} eomplhnentary good ({1} normal good 9 The relationship between the quantity demanded of a good, Qd, and the price of that good, P, can he formallyr stated as: (a) a Qd f d P 13 {l (b) a Qd f s P = i] (e) a Qd .r‘ d P «c: {l (d) a Qd ! a I < I] Ill The rolationshi'p betweenthe quantity“r supplied of agood, Qs,andthe price ofthat good, P, eanbe fomtellysbaiedas: (a) flQsi’flPl‘efl (b) stxaP=e (e) fler‘dP-‘Cfl (d) fler‘de-‘ifi I'Il'llultiple Choice (30 paints) 1 NmfiulGDPmfimmufaflgmdimflm [all hmdohm [h] mmduflm {c} infiuddaflmn. [dl mm 2 mmmmmmwwmmmmmmua {a} BIPbutMW. {h} ndflln'GIPI-HGNP. M WhutnntGDP. {d} hothGDPdeNP, 3 mmwmmmmmmmmmmm mrdfly dmwudad are {a} surly prluas. [11} fixed films. {B} m Plim- {d} Hulda! m 4 WhmmalfllmflWMMm mummmhmw ' [:3 mmmm. [b] naught-m It} mmm {d1 WWW 5 Hflwhflmfimmhmfim {a} WWW. {b1 Hana-humm- {c} mtnqualhmm. {d1 Wanna. 6 Mafioniaam} [a1 den-Bassinfliemallmlwd. Eb} Whflmmmflhddmcadifiw. In] mmwmwm [d] mmflumflhvaldmlcacflvfly. T mamflmhMammmMm-mm? [a1 Sunni-radium lib} manna-mum in} 11mmde .{d} 1113mm ...
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