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6 Written questions

6 Multiple choice questions

  1. Change in savings/Disposable income
  2. Wealth
    Real interest rates
  3. Durability
    Irregularity of innovation
    Variability of profits
    Variability of expectations
  4. Savings/Disposable income
  5. the ratio of a change in GDP to the initial change in spending. 1/1-MPC or 1/MPS
  6. input prices

5 True/False questions

  1. Average Propensity to ConsumeConsumption/Disposable income


  2. Cost-push inflationWhat we spend on goods and services.


  3. 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


  4. Contractionary fiscal 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


  5. Relationship between changes in spending vs. the changes in real GDP.input prices