ECON102Sample Final ExamSpring2010 without Answers

ECON102Sample Final ExamSpring2010 without Answers - ECON...

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ECON 102 Spring, 2010 SAMPLE FINAL EXAM 1. Which of the following happens automatically if the economy starts to fall into a recession? A. In crease in government purchases of goods and services B. Decrease in income tax collections C. Decrease in income tax rates D. Decrease in transfer payments E. Increase in the budget surplus 2. If the federal budget is in deficit even if the economy is at full employment, the deficit is said to be 3. Which of the following is the least likely to influence consumption expenditure? 4. The marginal propensity to consume (mpc) is 5. The fraction of any increase in disposable income that is saved is called A. the marginal propensity to save. B. induced saving. C. the average propensity to save. D. the savings multiplier. E. none of the above 6. Which of the following would shift the aggregate consumption function DOWNWARD?
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7. If planned aggregate expenditure exceeds real GDP then
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