ch 4 fall 2015 quiz Student: _
1. A demand curve is downward sloping because as the price of a good falls, demanders will substitute some other good for that good whose
price has fallen.
2. If the price of movies on VHS rises while the price of
ch 16 fall 2015 quiz
1. It is a rule of thumb that inflation equals the:
A. difference between the change in nominal wages and productivity growth.
B. difference between productivity growth and the change in nominal wages.
C. negative of produc
ch17 n 18 quiz fall 2015 Student: _
1. A government can finance its budget deficit by doing all of the following except:
A. buying bonds.
B. borrowing from its central bank.
C. selling bonds.
D. printing money.
2. The structural deficit:
A. rises as the e
ch 20 quiz fall 2015
1. The purchase of a meal by an American tourist at La Tour d'Argen (a restaurant in Paris) would find its way into the American balance of payments
A. positive entry in the current account.
B. positive entry in the f
ch 14 quiz fall 2015
1. An expansionary monetary policy that affects the price level but not real output must result in the shift of:
A. both the AD and SAS curves.
B. only the AD curve.
C. only the SAS curve.
D. neither the SAS curve nor the A
ch 13 quiz
1. Without a financial sector:
A. borrowing and lending would not occur.
B. borrowing and lending would be much more difficult.
C. saving and investment would increase.
D. economic activity would continue as before.
2. You are holdin
ch 10 fall 2015
1. The repercussions that the wealth and international effects have on aggregate production and aggregate expenditure cause the aggregate
demand curve to become steeper than it would be without such repercussions.
ch 8 n 9 -Student: _ * this quiz has both chapter 8 and 9 to make up for the last weeks
1. Diminishing marginal productivity implies that a proportional increase in all inputs will produce a less than proportional increase in output.
ch 5 quiz fall 2015
1. Trade sanctions imposed on Iraq that limited Iraq's production of oil after the 1990 Gulf War on the oil market are best shown graphically with a
price ceiling below equilibrium price.
FALSE Trade sanctions imp
ch 11 quiz fall 2015
1. In the aftermath of the terrorist attack in New York on September 11, 2001, U.S. consumer confidence fell sharply, causing consumer spending to
fall by about $40 billion in October, 2001. This decline in consumer spendin
ch 7 n 8 quiz fall 2015
1. The income approach to measuring GDP:
A. focuses on how income is spent.
B. uses the factors payments made by businesses to households to estimate GDP.
C. adds up all household expenditures to calculate aggregate inco
ch 2 n 3 quiz Fall 2015
1. Consider the table below, where each production choice represents a point on a production possibility curve.
This production possibility table could be graphed as a:
A. straight line with negative slope.
B. curved lin