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mid510questions - December,2010 Econ 1101 Temple University...

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December,2010 Econ 1101 Temple University Midterm 5 ID#:___________________________________ Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) An income tax ________ potential GDP by shifting the labor ________ curve ________. 1) _______ A) decreases; supply; leftward B) decreases; demand; leftward C) increases; supply; rightward D) increases; demand; rightward 2) Investment is financed by 2) _______ A) saving by household, government spending, and taxation. B) saving by households, government saving, and foreign borrowing. C) government spending, taxation, and foreign borrowing. D) taxation, net exports, and government spending. 3) Discretionary fiscal policy is the 3) _______ A) use of government expenditures and taxation to pursue macroeconomic goals. B) use of taxation but not government spending to pursue macroeconomic goals. C) control of the money supply as a tool of macroeconomic policy.
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This note was uploaded on 04/12/2011 for the course ECON 1101 taught by Professor Rappoport during the Spring '08 term at Temple.

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mid510questions - December,2010 Econ 1101 Temple University...

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