PrevExam-1 part2

# Principles of Macroeconomics: A Study Guide

• Homework Help
• PresidentHackerCaribou10582
• 2

This preview shows pages 1–2. Sign up to view the full content.

This preview has intentionally blurred sections. Sign up to view the full version.

This is the end of the preview. Sign up to access the rest of the document.

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 ...
View Full Document

• Fall '02
• Sosa

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern