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6 Written Questions

6 Multiple Choice Questions

  1. input prices
    productivity
    legal-institution
  2. increases in government spending or decreases in taxes or both, so that the net effect on aggregate demand is an increase in net government spending
  3. Spend less, GDP will go down
    Spend more, GDP will go up
  4. deliberate manipulation of taxes and government spending by the Congress to alter real domestic output and employment, to control inflation, and to stimulate economic growth during a particular period of time
  5. an increase in taxes or decrease in government spending or both, so that the net effect on aggregate demand is a decrease in net government spending
  6. Change in consumption/Disposable income

5 True/False Questions

  1. 3 reasons for downward slope of AD curveinput prices
    productivity
    legal-institution

          

  2. Shifts of the Investment Demand CurveOperating costs
    Business taxes
    Technological changes
    Stock of capital goods
    Planned inventory changes
    Expectations

          

  3. nondiscretionary or built-in stabilization policydeliberate manipulation of taxes and government spending by the Congress to alter real domestic output and employment, to control inflation, and to stimulate economic growth during a particular period of time

          

  4. Multiplier Effectthe ratio of a change in GDP to the initial change in spending. 1/1-MPC or 1/MPS

          

  5. Marginal Propensity to SaveChange in consumption/Disposable income

          

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