Gmanc711
11-22-2004, 01:22 PM
I lied. This is by far the hardest test I have ever taken in my life. If I had to take this in class, I would just put down C's for all my awnsers and walk out. So here come another wave of questions. After I post these I will have posted over 20 questions I think and you guys have provided me with at least 3/4 of the awnsers already and I hope some more. Seriously, smootsmack, that guy, and anyone else who provides awnsers, PM me your names and adresses and I'll send you a christmas card, I shit you not, because you guys are saving my ass.
24. A 2,000 decrease in investment will shift the aggregate expenditures curve down by?
a. Exactly 2,000 and will decrease the quilibrium level of GDP by exactly 2000
b.Exactly 2,000 and will decrease the quilibrium level of GDP by less than 2000
c.Exactly 2,000 and will decrease the quilibrium level of GDP by more than 2000
d. less than 2000 and will decrease the equilibrium level of real GDP by less than 2000.....
39. An increase in government spending will have the greatest expansionary impact on the economy if its combined with...
a. A tax increase
b. a tax cut
c. unchanged tax revenue
d. none of the above is true
42.Suppose inflation is a threat because the current aggregate demand curve will increase by 600 billion at any price level. If the marginal propensity to consume is.75, federal plicymakers can follow the Keynesian economics and restrain inflation by:
a. decreasing tax revenues by 600 billion
b. decreasing transfer payments by 200 billion
c.increasing tax revenues by 200 billion
d. increasing government purcheses by 150 billion
44. Assume the marginal propensity to consume (MPC) is .75 and the government increases taxes by $250 billion. The aggragate demand curve will shift to the...
a) left by 1,000 billion
b) left by 750 billion
46. Assume Congress entacts a 500 billion increase in spending and a 500 billion tax increase to finance the additional government spending. The result of this balanced budget approach is a:
a. 500 billion decrease in aggregate demand
b.500 billion increase in aggragate demand
c. 1,000 billion decrease in aggregate demand
d. 1000 billion decrease in aggregate demand.
67. In the US economy, the effect on federal tax revenues and spending of a decrease in emplyment is to:
a. Cut tax revenues and reaise expenditures
b.cut spending and raise tax revenues
c. rasie both tax revenues and expenditures.
d. Cut both spending and tax revenues
I swear thats it. I have posted every single question I cant find an awnser too. Once again guys, your awsome for helping out.
24. A 2,000 decrease in investment will shift the aggregate expenditures curve down by?
a. Exactly 2,000 and will decrease the quilibrium level of GDP by exactly 2000
b.Exactly 2,000 and will decrease the quilibrium level of GDP by less than 2000
c.Exactly 2,000 and will decrease the quilibrium level of GDP by more than 2000
d. less than 2000 and will decrease the equilibrium level of real GDP by less than 2000.....
39. An increase in government spending will have the greatest expansionary impact on the economy if its combined with...
a. A tax increase
b. a tax cut
c. unchanged tax revenue
d. none of the above is true
42.Suppose inflation is a threat because the current aggregate demand curve will increase by 600 billion at any price level. If the marginal propensity to consume is.75, federal plicymakers can follow the Keynesian economics and restrain inflation by:
a. decreasing tax revenues by 600 billion
b. decreasing transfer payments by 200 billion
c.increasing tax revenues by 200 billion
d. increasing government purcheses by 150 billion
44. Assume the marginal propensity to consume (MPC) is .75 and the government increases taxes by $250 billion. The aggragate demand curve will shift to the...
a) left by 1,000 billion
b) left by 750 billion
46. Assume Congress entacts a 500 billion increase in spending and a 500 billion tax increase to finance the additional government spending. The result of this balanced budget approach is a:
a. 500 billion decrease in aggregate demand
b.500 billion increase in aggragate demand
c. 1,000 billion decrease in aggregate demand
d. 1000 billion decrease in aggregate demand.
67. In the US economy, the effect on federal tax revenues and spending of a decrease in emplyment is to:
a. Cut tax revenues and reaise expenditures
b.cut spending and raise tax revenues
c. rasie both tax revenues and expenditures.
d. Cut both spending and tax revenues
I swear thats it. I have posted every single question I cant find an awnser too. Once again guys, your awsome for helping out.