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Newest Macroeconomics Questions

1. The wealth effect, interest-rate effect, and exchange-rate effect are all explanations fora. the slope of short-run aggregate
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2. The sticky-wage theory of the short-run aggregate supply curve says that when the price level rises more than expected,
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3. Aggregate demand includesa. the quantity of goods and services households and firms want to buy, but not the quantity of goods
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4. Investment isa. a large part of real GDP, yet it accounts for a small share of the fluctuation in real GDP. b. a small part of
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5. In the open-economy macroeconomic model, the market for loanable funds identity can be written asa. S + I = NCO. b. S = NCO. c.
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6. Given a Real GDP of $5,000and a Nominal GDP of $5,500 , calculate the GDP deflator. Round your answer to the nearest tenth if
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7. Change in Gross Domestic Product Quick Check2 of 52 of 5 Items Question The GDP for a hypothetical economy is determined to be 6
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8. Change in Gross Domestic Product Quick Check1 of 51 of 5 Items Question In a hypothetical country, Nominal GDP has increased by
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9. Which of the following is the amount of money in circulation in an economy?(1 point)Responses money supply money supply real GDP
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10. Which of the following is subtracted from the GDP equation?Net exports Net imports Imports Exports That is correct. That is
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11. How does inflation primarily differ from deflation?(1 point) Responses Inflation tracks changing prices but deflation does not.
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12. Which event indicates that deflation is occurring?(1 point) Responses A savings account can suddenly buy much more than before.
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13. Economic trends in China's Gross Domestic Product over a 50-year period can best be described as(1 point) Responses a gradual
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14. In one to two sentences, explain how an increase in business expenditures could affect aggregate supply, and how that effect on
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15. In 1–2 sentences, assess the impact of inflation on economic activity. (3 points)
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16. A tiny island country has a gross domestic product (GDP) of $25 million and a population of 500 citizens. What is its GDP per
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17. A country’s gross domestic product divided by its population is known as __________.A. GDP per capita B. standard of living C.
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    2. asked by The boundaries of the former Soviet Union changed
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18. Gross Domestic Product Quick Check5 of 55 of 5 Items Question Aggregate demand is traditionally calculated by summing _____.(1
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19. Gross Domestic Product Quick Check4 of 54 of 5 Items Question In a given year, nominal GDP grew by approximately 4% , while real
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20. Gross Domestic Product Quick Check3 of 53 of 5 Items Question Which of the following would be considered investment in the
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21. Gross Domestic Product Quick Check2 of 52 of 5 Items Question Which of the following products would be classified as a finished
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22. Gross Domestic Product Quick Check1 of 51 of 5 Items Question A country's gross domestic product for a given time period is the
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23. Suppose the price level falls but suppliers only notice that the price of their particular product has fallen. Thinking there
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24. Use Exhibit 4 to answer questionSuppose the economy is operating in a recession such as point B in Exhibit 4. If policymakers
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25. According to the model of aggregate supply and aggregate demand, in the long run, an increase in the money supply should causea.
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26. Which of the following events shifts the short-run aggregate-supply curve to the right?a. an increase in government spending on
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27. Which of the following would not cause a shift in the long-run aggregate-supply curve?a. an increase in the available labor b.
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28. Suppose the price level falls. Because of fixed nominal wage contracts, firms become less profitable and they cut back on
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29. Which of the following is not a reason why the aggregate-demand curve slopes downward?a. the wealth effect b. the interest-rate
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30. Suppose the economy is initially in long-run equilibrium. Then suppose there is a drought that destroys much of the wheat crop.
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31. uppose the economy is initially in long-run equilibrium. Then suppose there is a drought that destroys much of the wheat crop.
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32. The Long-Run Aggregate Supply curve represents:a. the amount our economy is actually producing. b. why lower wages increase
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33. The Long-Run Aggregate Supply Curve is vertical because:a. The price of luxury goods will increase as incomes increase. b. Real
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34. What conclusion can you draw about a country on the basis of its gross domestic product (GDP)?(1 point)Responses how many goods
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35. Given a Real GDP of $5,000 and a Nominal GDP of $5,500, calculate the GDP deflator. Round your answer to the nearest tenth if
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36. Use the table to answer the question.2000 2001 Quantity Price ($) Quantity Price ($) Sunglasses 80 10 100 12 Sunscreen 100 8 50
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37. The table above gives the quantities and prices for a hypothetical economy that only produces sunglasses and sunscreen. What is
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38. Given a GDP inflator of 120 and a Nominal GDP of 7.8 billion dollars, calculate Real GDP.(1 point)Responses 6.6 billion dollars
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39. If a country is in a recessionary period, which of the following accurately describes the behavior of real GDP over time.(1
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40. Which of the following would be counted in the investment component of this year's GDP?(1 point)Responses The market value of
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41. An increase in U.S. private savinga. increases U.S. net exports and U.S. net capital outflow the same amount. b. decreases U.S.
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42. Given a GDP deflator of 120 and a Nominal GDP of 7.8 billion dollars, calculate Real GDP.(1 point)Responses 6.6 billion dollars
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43. Which of the following would be counted in the investment component of this year's GDP?(1 point)Responses The market value of
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44. Use the table to answer the question.Consumption $2,000 Investment $1,000 Government Spending $1,000 Imports $500 Exports $600
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45. Which of the following is true?The structural deficit changes over the business cycle. MPS + MPC = 1. At equilibrium
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46. Given the consumption function C = R100 billion + 0.75 (R300 billion), autonomous consumption is equal to:R100 billion R225
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47. QUESTION 3/3Assume that an economy is experiencing moderate inflation, an unemployment rate of 3.9% and an increase of 4% in
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48. QUESTION 1/3Which of the following scenarios would most likely lead to a decrease in the Consumer Price Index (CPI)? A decrease
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49. QUESTION 2/3Which term refers to the total demand for goods and services in an economy at a given time? Business Cycle Consumer
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50. QUESTION 1/3Which of the following is NOT a component of Gross Domestic Product (GDP)? Consumer Price Index Investment
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51. Gross Domestic ProductQUESTION 3/3 GDP Per Capita Real GDP Which term refers to the total value of all goods and services
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52. DeflationQUESTION 2/3 Recession Inflation Which term refers to the sustained increase in the general price level of goods and
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53. The average level of prices of goods and services consumed by householdsQUESTION 1/3 The unemployment rate The rate of inflation
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54. In a two-sector economy, if the consumption function is C = 10 + 0.8Y and planned investment is R15, the equilibrium expenditure
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55. Question 1011 Point In a two-sector economy, if the consumption function is C = 10 + 0.8Y and planned investment is R15, the
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56. Given the consumption function C = R100 billion + 0.75 (R300 billion), the equilibrium level is equal to:R100 billion R225
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57. When the economy is expanding too rapidly and inflation and balance of payments problems are being experienced, the appropriate
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58. Use the information below to answer questions 80:C = 1000 + 0.75Y I = 850 G = 2500 The equilibrium level of GDP for the above
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59. Which of the following is true?The structural deficit changes over the business cycle. MPS + MPC = 1. At equilibrium
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60. The impact of government spending in the Keynesian model results in:a higher level of aggregate spending an unchanged multiplier
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61. The 45-degree line on a graph relating consumption and income shows:all points where the MPC is constant. all the points at
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62. The 45-degree line on a graph relating consumption and income shows:all points where the MPC is constant. all the points at
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63. The 45-degree line on a graph relating consumption and income shows:all points where the MPC is constant. all the points at
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64. If the United States saves $1,000 billion and U.S. net capital outflow is –$200 billion, U.S. domestic investment isa. $800
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65. Inflation is best described as _____.(1 point)Responses an upward, general trend of prices in the economy an upward, general
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66. he impact of government spending in the Keynesian model results in:a higher level of aggregate spending an unchanged multiplier
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67. What is the definition of gross domestic product (GDP)?(1 point) Responses Products used to clean up messes in the home Products
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68. What is the definition of gross domestic product (GDP)?(1 point) Responses Total value of goods and services a country provides
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69. Macro Country produces a single good. In 2022, Macro Country produces a total of 5,500 units at a price of $2 per unit. In 2023,
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70. __________ GDP adjusts for inflation, while __________ GDP does not.(2 points)Put responses in the correct input to answer the
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71. QuestionGiven a Real GDP of $5,000 and a Nominal GDP of $5,500 , calculate the GDP deflator. Round your answer to the nearest
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72. In a Keynesian model of a closed economy, if autonomous consumption is R100 million, investment spending is R200 million,
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73. In the full Keynesian model, imports:decrease when income increases. remain unaffected by changes in output. increase when
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74. consider a keynesian model where: the marginal propensity to import out of income is 0.25, export 10 million, autonomous import
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75. consider a keynesian model where: the marginal propensity to import out of income is 0.25, export 10 million, autonomous import
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76. Consider the following information:Marginal propensity to consume = 0.8 Investment = R150 million Autonomous consumption = R110
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77. types of injection in the circular flow of income
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78. types of leakage in the circular flow of income
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79. Inflation is best described as _____.(1 point)Responses a downward, general trend of prices in the economy a downward, general
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80. Given a Real GDP of $5,000 and a Nominal GDP of $5,500 , calculate the GDP deflator. Round your answer to the nearest tenth if
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81. In 1-2 sentences, assess the impact of inflation on economic activity. (2 points)
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82. Aggregate demand is traditionally calculated by summing _____.(1 point)Responses consumption, investment, government spending,
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83. In a given year, nominal GDP grew by approximately 4% , while real GDP grew by only 2.3% . This difference can be accounted for
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84. Which of the following would be considered investment in the calculation of GDP?(1 point)Responses An individual purchases stock
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85. A country's gross domestic product for a given time period is the total market value of _____.(1 point)Responses all goods and
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86. Given a Real GDP of $5,000 and a Nominal GDP of $5,500 , calculate the GDP deflator. Round your answer to the nearest tenth if
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87. Use the table to answer the question.2000 2001 Quantity Price ($) Quantity Price ($) Sunglasses 80 10 100 12 Sunscreen 100 8 50
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88. In a hypothetical country, Nominal GDP has increased by 5% . Which of the following must be true?(1 point)Responses The quantity
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89. Aggregate demand is traditionally calculated by summing _____.(1 point)Responses consumption, investment, and savings
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90. In a given year, nominal GDP grew by approximately 4%, while real GDP grew by only 2.3%. This difference can be accounted for by
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91. Which of the following would be considered investment in the calculation of GDP?(1 point)Responses A school district deposits
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92. Which of the following statements about inflation is not true?a. An increase in inflation increases nominal interest rates. b.
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93. In addition to low economic output, recessions are usually characterized by _____.(1 point)Responses low unemployment low
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94. What is the minimum number of quarters with successive declines in real GDP that must occur before an economy is considered to
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95. What conclusion can you draw about a country on the basis of its gross domestic product (GDP)?(1 point)Responses how much
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96. Aggregate demand is traditionally calculated by summing _____.(1 point)Responses consumption, investment, and savings
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97. In a given year, nominal GDP grew by approximately 4% , while real GDP grew by only 2.3% . This difference can be accounted for
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98. Which of the following would be considered investment in the calculation of GDP?(1 point)Responses A manufacturing firm builds a
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99. A country's gross domestic product for a given time period is the total market value of _____.(1 point)Responses all goods and
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100. Deflation has occurred in the United States.a. True b. False
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