homework4 - Macroeconomic Principles Economics 1101 Spring...

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Unformatted text preview: Macroeconomic Principles Economics 1101 Spring 2010 Homework Set 4 Posted: January 30, 2010 Name : TUiD : • Section 1: Definition type questions. Each definition is worth 2 points. • Section 2: Short answer questions. Each question is worth 10 points. • Section 3: Numerical questions. Each question is worth 20 points. 1 Definitions 1. Aggregate Expenditure: 2. Autonomous Expenditure: 3. Consumption Function: 4. Autonomous Consumption: 5. Savings Function: 6. Marginal Propensity to Consume: 7. Marginal Propensity to Save: 1 8. Multiplier: 9. Equilibrium Output: 10. Disposable Income: 11. Budget: 12. Budget Surplus: 13. Budget Deficit: 14. Fiscal Policy: 2 15. Automatic Fiscal Policy: 16. Discretionary Fiscal Policy: 17. Crowding Out Effect: 18. Laffer Curve: 19. Ricardo Barro Effect: 20. Tax Wedge: 3 2 Short Answer Questions 1. A big part of macroeconomic research deals with the impact of fiscal policy. In the last two homeworks we analyzed the impact of the increased government expenditure. Continuing with that explain the impact ofanalyzed the impact of the increased government expenditure....
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This note was uploaded on 05/04/2011 for the course ECON 1101 taught by Professor Rappoport during the Fall '08 term at Temple.

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homework4 - Macroeconomic Principles Economics 1101 Spring...

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