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6 Written questions

6 Multiple choice questions

  1. input prices
    productivity
    legal-institution
  2. Operating costs
    Business taxes
    Technological changes
    Stock of capital goods
    Planned inventory changes
    Expectations
  3. 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
  4. Durability
    Irregularity of innovation
    Variability of profits
    Variability of expectations
  5. Savings/Disposable income
  6. leftward shift in the AS curve

5 True/False questions

  1. Average Propensity to ConsumeSavings/Disposable income

          

  2. discretionary fiscal policyan 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

          

  3. Causes of shifts in the consumption curveOperating costs
    Business taxes
    Technological changes
    Stock of capital goods
    Planned inventory changes
    Expectations

          

  4. Consumptionleftward shift in the AS curve

          

  5. 3 reasons for downward slope of AD curvereal-balances effect
    interest rate effect
    foreign purchases effect

          

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