Economics Test

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.

That Guy · 11-22-2004, 01:29 PM

sleeping now, if no one gets to it, i'll help you later... (be back in 8 hours... these answers are all online though, i've been able to find and cross reference them thusfar)

expertise: nearly anything you need

actually study: CE/EE/CS/technical theatre (audio/lighting)

SmootSmack · 11-22-2004, 06:43 PM

Numbers are not my forte...but I do know a certain CrazyCanuck who might be able to help you out

Gmanc711 · 11-22-2004, 08:12 PM

The numbers thing is what is killing me. I hope someone knows somthing and can help, but in all honesty if not, I dont really care. You guys already gave me more help they I could have expected. CC, That guy if you do see it and know it, please let me know, if not no big deal either. I'm more than happy already.

Sheriff Gonna Getcha · 11-22-2004, 09:54 PM

Jesus I'm glad I graduated from college already. Good luck GMANC.

Gmanc711 · 11-23-2004, 09:55 AM

Alright I just handed in the test. I'm just hoping for a grade thats not gonna kill my average, and will leave me in good shape to make up ground on the last test. I just want to give one final thank you to that-guy, smootsmack or anyone who took the time to read it through....

Remember, the Warpath.net... Redskins Discussion for the Knowledgable fan......Site to post your test questions you dont know the awnsers too.
Thanks again guys, late.

That Guy · 11-23-2004, 10:36 AM

lol, your welcome for any help i could provide... i can't do the math without the equations... i googled for them, but the first 4 pages are mainly test questions and such

tell us how you did though, and if we screwed those answers up or not...

Gmanc711 · 11-23-2004, 12:53 PM

Yeah, I had the equations, just didnt knwo how to use them. Either way, I'm defintley better off than I would have been w/o you guys, I'll proboly get the test back tuseday, so I'll give you guys the awnsers on the ones you guys did. Thanks though.

Gmanc711 · 12-10-2004, 10:59 AM

Well Guys, got the test back 83%! Not too bad for that test, it was really hard. Anyways, you guys got just about all of them right, except Smootsmack had the awnser to #6 right, then ThatGuy had me change it to the wrong awnser!!!! LOL! Anyways, it was a very difficult test and you guys defintley helped. Thanks!

Gmanc711 · 12-10-2004, 12:13 PM

In fact, I just got my final take home with it, so I might have a few questions later. Nothing like last time though, I'm blowing through this test pretty well, but just have a couple blips.

... I guess thats why I should have gone to class last time too.

Cush · 12-10-2004, 07:18 PM

my dad has a PhD in Economics......lol, want me to email him the test questions? j/k

SmootSmack · 12-10-2004, 07:23 PM

Quote:

Originally Posted by Gmanc711

Well Guys, got the test back 83%! Not too bad for that test, it was really hard. Anyways, you guys got just about all of them right, except Smootsmack had the awnser to #6 right, then ThatGuy had me change it to the wrong awnser!!!! LOL! Anyways, it was a very difficult test and you guys defintley helped. Thanks!

Nice! I'll try to think of an appropriate punishment for That Guy

11-22-2004, 01:22 PM	#31
Gmanc711 Thank You, Sean. Join Date: Feb 2004 Location: Gaithersburg, MD Age: 38 Posts: 7,506	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. __________________ #21

11-22-2004, 06:43 PM	#33
SmootSmack Uncle Phil Join Date: Feb 2004 Posts: 45,256	Numbers are not my forte...but I do know a certain CrazyCanuck who might be able to help you out __________________ You're So Vain...You Probably Think This Sig Is About You

11-22-2004, 08:12 PM	#34
Gmanc711 Thank You, Sean. Join Date: Feb 2004 Location: Gaithersburg, MD Age: 38 Posts: 7,506	The numbers thing is what is killing me. I hope someone knows somthing and can help, but in all honesty if not, I dont really care. You guys already gave me more help they I could have expected. CC, That guy if you do see it and know it, please let me know, if not no big deal either. I'm more than happy already. __________________ #21

11-23-2004, 09:55 AM	#36
Gmanc711 Thank You, Sean. Join Date: Feb 2004 Location: Gaithersburg, MD Age: 38 Posts: 7,506	Alright I just handed in the test. I'm just hoping for a grade thats not gonna kill my average, and will leave me in good shape to make up ground on the last test. I just want to give one final thank you to that-guy, smootsmack or anyone who took the time to read it through.... Remember, the Warpath.net... Redskins Discussion for the Knowledgable fan......Site to post your test questions you dont know the awnsers too. Thanks again guys, late. __________________ #21

11-23-2004, 12:53 PM	#38
Gmanc711 Thank You, Sean. Join Date: Feb 2004 Location: Gaithersburg, MD Age: 38 Posts: 7,506	Yeah, I had the equations, just didnt knwo how to use them. Either way, I'm defintley better off than I would have been w/o you guys, I'll proboly get the test back tuseday, so I'll give you guys the awnsers on the ones you guys did. Thanks though. __________________ #21

11-22-2004, 01:29 PM	#32
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 41 Posts: 17,512	sleeping now, if no one gets to it, i'll help you later... (be back in 8 hours... these answers are all online though, i've been able to find and cross reference them thusfar) expertise: nearly anything you need actually study: CE/EE/CS/technical theatre (audio/lighting)

11-22-2004, 09:54 PM	#35
Sheriff Gonna Getcha Franchise Player Join Date: Feb 2004 Age: 45 Posts: 8,317	Jesus I'm glad I graduated from college already. Good luck GMANC.

11-23-2004, 10:36 AM	#37
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 41 Posts: 17,512	lol, your welcome for any help i could provide... i can't do the math without the equations... i googled for them, but the first 4 pages are mainly test questions and such tell us how you did though, and if we screwed those answers up or not...

12-10-2004, 10:59 AM	#39
Gmanc711 Thank You, Sean. Join Date: Feb 2004 Location: Gaithersburg, MD Age: 38 Posts: 7,506	Well Guys, got the test back 83%! Not too bad for that test, it was really hard. Anyways, you guys got just about all of them right, except Smootsmack had the awnser to #6 right, then ThatGuy had me change it to the wrong awnser!!!! LOL! Anyways, it was a very difficult test and you guys defintley helped. Thanks! __________________ #21

12-10-2004, 12:13 PM	#40
Gmanc711 Thank You, Sean. Join Date: Feb 2004 Location: Gaithersburg, MD Age: 38 Posts: 7,506	In fact, I just got my final take home with it, so I might have a few questions later. Nothing like last time though, I'm blowing through this test pretty well, but just have a couple blips. ... I guess thats why I should have gone to class last time too. __________________ #21

12-10-2004, 07:18 PM	#41
Cush Impact Rookie Join Date: Feb 2004 Location: Northern Virginia Age: 47 Posts: 963	my dad has a PhD in Economics......lol, want me to email him the test questions? j/k

Economics Test

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