ECO 202 HW1

ECO 202 HW1 - Question 1 0.72 out of 0.72 points Use the...

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Question 1 0.72 out of 0.72 points Use the following graph for questions 1 through 4. When moving from point A to B on the graph, the economy is going through a(n): Answer Selected Answer: Correct Answer: Question 2 0.72 out of 0.72 points When moving from point B to C on the graph, the economy is going through a(n): Answer Selected Answer: Correct Answer: Question 3 0.72 out of 0.72 points Point A would be referred to as a(n): Answer Selected Answer: Correct Answer: Question 4
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0 out of 0.72 points Point B would be referred to as a(n): Answer Selected Answer: Correct Answer: Question 5 0 out of 0.72 points During a recession, output would be ____ , unemployment would be ____, and inflation would be ____ . Answer Selected Answer: Correct Answer: Question 6 0.72 out of 0.72 points Monetary policy refers to: Answer Selected Answer: Correct Answer: Question 7 0.72 out of 0.72 points Which of the following is an expansionary fiscal policy? Answer Selected Answer:
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Correct Answer: Question 8 0.72 out of 0.72 points According to Keynes: Answer Selected Answer: Correct Answer: Question 9 0.72 out of 0.72 points Classical economists believed in the self-correcting nature of the economic system. They believed that the major adjustment mechanisms: Answer Selected Answer: Correct Answer: Question 10 0 out of 0.72 points Gross domestic product (GDP) is: Answer Selected Answer: Correct Answer:
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Question 11 0 out of 0.72 points Which of the following would be included in a year's GDP? Answer Selected Answer: Correct Answer: Question 12 0 out of 0.72 points Which of the following would be included in GDP? Answer Selected Answer: Correct Answer: Question 13 0.72 out of 0.72 points Consumer spending in GDP measurement includes: Answer Selected Answer: Correct Answer:
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Question 14 0 out of 0.72 points Which of the following would be classified as a consumer durable? Answer Selected Answer: Correct Answer: Question 15 0 out of 0.72 points Economists say that investment occurs when: Answer Selected Answer: Correct Answer: Question 16 0.72 out of 0.72 points Transfer payments are: Answer Selected Answer: Correct Answer:
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Question 17 0 out of 0.72 points Which of the following would not be included in GDP as government purchases? Answer
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This note was uploaded on 02/07/2011 for the course ECO 202 taught by Professor Adkins during the Spring '09 term at KCTCS.

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ECO 202 HW1 - Question 1 0.72 out of 0.72 points Use the...

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