# Aacsb analytic blooms taxonomy comprehension colander

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AACSB: AnalyticBLOOMS TAXONOMY: ComprehensionColander - Chapter 11 #145Difficulty: MediumLearning Objective: 11-4Topic: Multiplier Effect146. The multiplier effect wouldnotoccur if:A.the marginal propensity to expend equaled 1.B.all expenditures were induced expenditures.C.all expenditures were autonomous expenditures.D.changes in saving did not affect the level of investment.If all expenditures were autonomous, changes in expenditures would still lead to changes inincome, butthese changes in income would no longer affect expenditures, so there would be no multipliereffect.AACSB: AnalyticBLOOMS TAXONOMY: ComprehensionColander - Chapter 11 #146Difficulty: HardLearning Objective: 11-4Topic: Multiplier Effect147. Refer to the graph below.A shift in the AE curve from AE0 to AE1 could be due to:A.a decrease in net exports.B.an increase in autonomous expenditures.C.an increase in government spending.D.a decrease in taxes.Since the AE curve shifted down, autonomous expenditures must have declined. In this case,only adecrease in net exports reduces autonomous expenditures.AACSB: AnalyticBLOOMS TAXONOMY: ComprehensionColander - Chapter 11 #147Difficulty: MediumLearning Objective: 11-4
Topic: Shifts in Aggregate ExpendituresColander - Chapter 11148. Refer to the graph above. The effect of increased business optimism on the AE curve isshown by amovement from:A.AE1 to AE3.B.AE1 to AE2.C.AE0 to AE3.D.AE0 to AE1.Since increased business optimism increases one type of autonomous expenditures(investment), itshifts the AE curve up.AACSB: AnalyticBLOOMS TAXONOMY: ComprehensionColander - Chapter 11 #148Difficulty: MediumLearning Objective: 11-4Topic: Shifts in Aggregate Expenditures149. Refer to the graph above. A decrease in foreign income is most likely to cause the AEcurve to shiftfrom:A.AE3 to AE1.B.AE2 to AE1.C.AE0 to AE2.D.AE0 to AE1.Since a drop in foreign income decreases one type of autonomous expenditures (exports), itshifts theAE curve down.AACSB: AnalyticBLOOMS TAXONOMY: ComprehensionColander - Chapter 11 #149Difficulty: MediumLearning Objective: 11-4Topic: Shifts in Aggregate Expenditures150. Refer to the graph below.If autonomous expenditures rose by 100, equilibrium income would be:A.150.B.300.C.450.D.600.Solving graphically, draw a curve parallel to the given AE curve but shifted up by 100.Equilibrium iswhere the AP and AE curves intersect. To be sure of your answer, find the equation thatrepresents thenew AE curve (AE = (1/3)Y + 200). Equilibrium is multiplier * 200 = 300.AACSB: AnalyticBLOOMS TAXONOMY: ApplicationColander - Chapter 11 #150Difficulty: HardLearning Objective: 11-4Topic: Shifts in Aggregate Expenditures151. Refer to the graph below.If autonomous expenditures rose by 50, equilibrium income would be:A.250B.400C.1,200
D.1,500Solving graphically, draw a curve parallel to the given AE curve but shifted up by 50.

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Term
Spring
Professor
contractor
Tags
unemployment rates, AACSB, Blooms taxonomy