quiz 18-21 - Question 1 Larry, a U.S. citizen, opens and...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Question 1 0 out of 4 points Larry, a U.S. citizen, opens and operates a bookstore in Spain. This action is an example of Selected Answer: Correct Answer: Question 2 0 out of 4 points Assume that the MPC is 0.625. Assuming only the multiplier effect matters, a decrease in government purchases of $10 billion will shift the aggregate demand curve to the Selected Answer: Correct Answer: Question 3 4 out of 4 points An open economy's GDP is always given by Selected Answer: Correct Answer: Question 4 0 out of 4 points Other things the same, an increase in the U.S. interest rate causes the quantity of loanable funds supplied to Selected Answer: Correct Answer: Question 5 0 out of 4 points In the figure below, if the real interest rate is 6 percent, there will be pressure for
Background image of page 1

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

View Full DocumentRight Arrow Icon
Selected Answer: Correct Answer: Question 6 0 out of 4 points According the the theory of liquidity preference, the money supply Selected Answer: and money demand are positively related to the interest rate. Correct
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/05/2012 for the course ECONOMICS 101 taught by Professor Dr.edmondson during the Spring '11 term at Thomas Edison State.

Page1 / 6

quiz 18-21 - Question 1 Larry, a U.S. citizen, opens and...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online