{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

201finalFA04 - Multiple Choice 1 2 3 4 5 6 7 8 9 10 11 12...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Points: MC SA1 SA2 SA3 SA4 SA5 SA6 Time Total Multiple Choice 1 14 27 40 2 15 28 41 3 16 29 42 4 17 30 43 5 18 31 44 6 19 32 45 7 20 33 46 8 21 34 47 9 22 35 48 10 23 36 49 11 24 37 50 12 25 38 13 26 39 Total: Short Answer Questions Answers Answers I. 1. Value of investment II. 1. Autonomous Expenditure 2. Value of Real GDP 2. Multiplier on Autonomous Expend. 3. Value of Net exports 3. Equilibrium GDP 4. Value of Net Domestic Product 4. National Savings 5. Budget Balance 6. Increase in Equilibrium GDP 7. Actual Investment Total (1+2+1+2) Total (1+1+3+1+1+1+2)
Image of page 1

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

View Full Document Right Arrow Icon
Answers III IV. 1. Change in Dollar Deposits 2. Change in Bank Reserves 3. Money Multiplier 4. Change in Money Supply Total (1+1+2+1) 1. Graph V. 1. Required Reserve Ratio 2. Excess Reserves 3. Net Loans 2. New equilibrium Real GDP 4. New Excess Reserves 5. New Actual Reserve Ratio Total (1+1+1+1+1) VI. 1. New Recessionary Gap 2. Aggregate Demand Equation 3. Aggregate Supply Equation 4. Long Run Aggregate Supply in 2010 3. Graph 5. Not a cause for long term growth Total (2+2+2) 6. Reason for shift in AD 7. Increase in Gov’t expenditures Total (1+1+1+2+2+1+2)
Image of page 2
This Exam Consists of 17 printed pages, 50 Multiple choice questions and 6 short answer questions for a total of 117 points, plus the +4 if you turn in on time. ECON 201 – Final Exam Multiple Choice Section (50 questions, 75 points possible) 1 . ____ refers to a period when the ____ decreases. a. Recession; growth rate of nominal GDP b. Recession; growth rate of output per person c. Productivity growth slowdown; growth rate of real GDP d. Productivity growth slowdown; growth rate of output per person 2 . The CPI tells us a. changes in prices of a group of goods and services bought by a typical urban household b. the increase in prices of those goods that are rising fastest. c. the rate at which wages are rising. d. the increase in the prices of those goods that are rising slowest. 3 . Which of the following expenditures associated with the production of a new high- performance SUV will be included in GDP? 4 . U.S. investment is financed from a. private saving, government budget surpluses and borrowing from the rest of the world b. private saving, government budget deficits and borrowing from the rest of the world. c. private borrowing, government budget deficits and lending to the rest of the world. d. private saving and borrowing from the rest of the world only. 5 . Under a feedback-rule that targets real GDP, if the economy goes into a recession, the Fed would a. increase the quantity of money. b. reduce tax rates. c. increase government purchases.
Image of page 3

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

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    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.

    Student Picture

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

  • Left Quote Icon

    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.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    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.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern