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True correct correct false 1 1 pts question 2 7142021

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TrueCorrect! Correct!
False 1 / 1 pts Question 2
7/14/2021Exam 2: [21SU] ECON 104, Sec 001: Macroeconomic Analysis (WC, Mahalingam) In an open economy, the relationship between GDP () and expenditures is. Correct! Correct!
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3/25False 1 / 1 pts Question 5 An economy that grows too slowly fails to raise living standards.
1 / 1 pts Question 3 The supply of loanable funds represents the savings in an economy at all levels of interest. Correct! Correct!
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False 1 / 1 pts Question 4 Political stability is an example of a social institution. Correct! Correct!
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7/14/2021Exam 2: [21SU] ECON 104, Sec 001: Macroeconomic Analysis (WC, Mahalingam) True Correct! Correct!
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False 1 / 1 pts Question 6 In the Romer model, knowledge capital is accumulated by creating objects. Correct! Correct!
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1 / 1 pts Question 7 The lower-income industrial countries are catching up to the higher- income industrial countries in terms of economic growth. Correct! Correct!
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False 1 / 1 pts Question 8 Aggregate expenditure includes consumption spending, unplanned investment spending, government purchases, and net exports.
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7/14/2021Exam 2: [21SU] ECON 104, Sec 001: Macroeconomic Analysis (WC, Mahalingam) False Correct! Correct! 1 / 1 pts Question 9 An increase in the price level in the United States will reduce imports and increase exports. True False Correct! Correct!
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1 / 1 pts Question 10 If planned aggregate expenditure equals GDP, the economy is in macroeconomic equilibrium. Correct! Correct!
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False 2 / 2 pts Question 11 In terms of economic growth, the key measure of the standard of living is Correct! Correct!
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7/14/2021Exam 2: [21SU] ECON 104, Sec 001: Macroeconomic Analysis (WC, Mahalingam) nominal GDP. real GDP. 2 / 2 pts Question 12 The only way the standard of living of the average person in a country can increase is if ________ increases faster than ________. Correct! Correct!
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6/25 the government spends the same amount it collects in taxes. the government spends less that it collects in taxes. taxes are too high.
2 / 2 pts Question 13 There is a federal budget deficit when the government spends more that it collects in taxes. Correct! Correct!
7/14/2021Exam 2: [21SU] ECON 104, Sec 001: Macroeconomic Analysis (WC, Mahalingam) 2 / 2 pts Question 14 Which of the following would increase public saving? Correct! Correct!
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