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Econ213 Exam 2 Questions with 100% Correct Answers
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Econ213 Exam 2 Questions with 100% 
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The interest rate effect: - change in consumer and investment spending 
due to changes in interest rates resulting from changes in the aggregate 
price level 
If the price level in the United States increases relative to other countries, 
then the United States will export - fewer goods and services 
if the price level in the United States increases relative to other countries, 
then the United States will import - more goods and services 
an ...
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ECON102 Exam Questions with 100% Correct Answers
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ECON102 Exam Questions with 100% 
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Government purchases include all of the following EXCEPT: 
-The construction of a new courthouse built by the state government 
- The salary paid to a high school teacher employed by a local public 
school catchment 
- welfare benefits paid by the federal government 
-The purchase of new military hardware by the Australian Defense Force - 
welfare benefits paid by the federal government 
Real GDP measures the _______________ of production. 
-. C...
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ECON 2006 Final Exam Questions with 100% Correct Answers
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ECON 2006 Final Exam Questions with 
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The equation that expresses gross domestic product (GDP) as different 
types of expenditures is GDP = - C + I + G + NX 
Inflation necessarily occurs when - a measure of the overall price level, 
such as the consumer price index (CPI), rises. 
When a U.S. firm buys a new refrigerator made in the United States for use 
in the company lunchroom, the refrigerator is included in the ________ 
category of gross domestic product (GDP). - invest...
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Econ 2006 final Exam Questions with 100% Correct Answers
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Econ 2006 final Exam Questions with 
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macroeconomics - conveys the overall health of the economy using 
such measures as unemployment, inflation, and economic growth rates 
microeconomics - the study of how individual households and firms 
make decisions and how they interact in markets 
fiscal policy - using taxes and government spending to shape economic 
conditions 
monetary policy - using the money supply to change interest rates to 
increase or decrease consumption and ...
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ECON 2006 FINAL Exam Questions with 100% Correct Answers
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ECON 2006 FINAL Exam Questions with 
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Smaller the value of the multiplier, because when people save more, they 
spend less, and decrease the overall spending multiplier - Holding 
everything else constant in an economy, the larger the MPS, the: 
A) smaller the value of the multiplier. 
B) larger the value of the multiplier. 
5,000 + .7YD, because Autonomous consumer spending is 5,000; and 
MPC is .7 (100 dollar increase, spend 70) - Assume aggregate 
consumer spending equals...
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Econ 2006 Ch. 19 Exam Questions with 100% Correct Answers
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Econ 2006 Ch. 19 Exam Questions with 
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current account- rest of the world to spain - an Italian buys a hotel room 
for a vacation in Spain 
-interest on a Spanish bank's loan to Greek company 
current account-spain to rest of the world - -profits of a US company 
operating in spain 
-Spanish company buys Iranian oil 
financial account-spain to rest of the world - -spanish central bank buys 
more foreign exchange reserves 
-spanish company buys Irish IT company 
financial ac...
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ECON 1103 Final Exam Questions with 100% Correct Answers
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ECON 1103 Final Exam Questions with 
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Absolute advantage - the comparison among producers of a good 
according to their productivity 
Aggregate-demand curve - a curve that shows the quantity of goods 
and services that households, firms, and the government want to buy at 
each price level 
Aggregate-supply curve - a curve that shows the quantity of goods and 
services that firms choose to produce and sell at each price level 
Appreciation - an increase in the value of a curr...
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ECON 1103 Exam Questions with 100% Correct Answers
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ECON 1103 Exam Questions with 100% 
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Consumer surplus - The difference between the highest price a 
consumer is willing to pay for a good or service and the price the consumer 
actually pays. 
Measures the benefit to consumers from buying a particular product 
Marginal benefit - the additional benefit to a consumer from consuming 
one more unit of a good or service 
- We can use the demand curve to measure the total consumer surplus 
in a market. Demand curve show the willingness...
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ECON 350 Portion One Exam Questions with 100% Correct Answers
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ECON 350 Portion One Exam Questions 
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The price paid for the rental of borrowed funds (usually expressed as a 
percentage of the rental of $100 per year) is commonly referred to as 
the - Interest rate 
(I) A bond is a debt security that promises to make payments periodically 
for a specified period of time. (II) A stock is a security that is a claim on the 
earnings and assets of a corporation. - Both are true. 
Use the information for the question(s) below. 
Alaska No...
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ECON 350 Portion 3 Exam Questions with 100% Correct Answers
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ECON 350 Portion 3 Exam Questions 
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A company's stock price jumped when it announced that its revenue had 
decreased because of the quality issues of its products. This is an example 
of ________. - Unsystematic risk 
If the Federal Reserve were to change from an expansionary to a 
contractionary monetary policy, this would be an example of ________. - 
Systematic risk 
The S&P 500 index delivered a return of 10%, 15%, 15%, and -30% over 
four successive years. What is...