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5 Written questions

5 Matching questions

  1. The most desirable rate of output is the one that:
  2. If consumers save 21 cents out of every dollar received, the:
  3. The terrorist attacks in September 2001 reduced consumer confidence. Which of the following indicates the appropriate change in the U.S. economy?
  4. If total reserves for a bank are $10,000, excess reserves are zero, and demand deposits are $100,000, then the money multiplier must be:
  5. The law of demand states that:
  1. a Maximizes total profit.
  2. b 10.
  3. c Aggregate demand shifted to the left
  4. d MPS is 0.21.
  5. e Price and quantity demanded are inversely related.

5 Multiple choice questions

  1. Creates a market surplus.
  2. Short run.
  3. Progressive.
  4. Serves a four-year term and can be reappointed.
  5. Durable goods.

5 True/False questions

  1. It is impossible to:The after-tax income of consumers


  2. In a graph of the aggregate demand curve, a decrease in investment by businesses is represented by a:Leftward shift of the curve


  3. Which of the following is not an example of investment?Toys produced by a U.S. firm located in China


  4. An industry in which a few large firms supply most or all of a product is known as:The cost of producing frozen yogurt decreases.


  5. A public good is:Charges a higher price than a competitive firm, ceteris paribus.