11.1.Ch.11__Study_Guide-Fiscal_Policy

11.1.Ch.11__Study_Guide-Fiscal_Policy - Ch. 11 Study Guide...

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Unformatted text preview: Ch. 11 Study Guide Fiscal Policy 2007, BK Publishing, Inc. 314 Q1) Marginal propensity to consume is a) change in consumption / change in real income b) change in savings / change in income c) total consumption / total income d) total savings / total income Ch. 11 Study Guide Fiscal Policy 2007, BK Publishing, Inc. 315 Q 2) Marginal propensity to save is a) change in consumption / change in income b) change in savings / change in income c) total consumption / total income d) . total savings / total income Ch. 11 Study Guide Fiscal Policy 2007, BK Publishing, Inc. 316 Q 3) Average propensity to consume is a) change in consumption / change in income b) change in savings / change in income c) total consumption / total income d) total savings / total income Ch. 11 Study Guide Fiscal Policy 2007, BK Publishing, Inc. 317 Q 4) Average propensity to save is a) change in consumption / change in income b) change in savings / change in income c) total consumption / total income d) total savings / total income Ch. 11 Study Guide Fiscal Policy 2007, BK Publishing, Inc. 318 Q 5) A determinant of consumption is a) wealth b) gross investment c) depreciation d) transfer payments Ch. 11 Study Guide Fiscal Policy 2007, BK Publishing, Inc. 319 Q 6) A determinant of consumption is a) gross investment b) depreciation c) transfer payments d) expectations about interest rates Ch. 11 Study Guide Fiscal Policy 2007, BK Publishing, Inc. 320 Q 7) A determinant of consumption is a) gross investment b) depreciation c) expectations about taxes d) transfer payments Ch. 11 Study Guide Fiscal Policy 2007, BK Publishing, Inc. 321 Q 8) Taxation multipliers are defined as a) MPC / MPS b) 1 c) 1 / MPS d) none of the above Ch. 11 Study Guide Fiscal Policy 2007, BK Publishing, Inc. 322 Q 9) Balanced budget multipliers are defined as a) MPC / MPS b) 1 c) 1 / MPS d) none of the above Ch. 11 Study Guide Fiscal Policy 2007, BK Publishing, Inc. 323 Q10) Simple multipliers are defined as a) MPC / MPS b) 1/MPC c) 1 / MPS d) none of the above Ch. 11 Study Guide Fiscal Policy 2007, BK Publishing, Inc....
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11.1.Ch.11__Study_Guide-Fiscal_Policy - Ch. 11 Study Guide...

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