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Underwood Macroeconomics Final (Compilation of Exams 1, 2, 3 & Final) 80% of all Questions Answered 20% Left unsolved, Take the Challenge & Test your knowledge! £7.21
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Underwood Macroeconomics Final (Compilation of Exams 1, 2, 3 & Final) 80% of all Questions Answered 20% Left unsolved, Take the Challenge & Test your knowledge!
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Underwood Macroeconomics Finl (Compilation of Exa
Institution
Underwood Macroeconomics Finl (Compilation Of Exa
Underwood Macroeconomics Final (Compilation of Exams 1, 2, 3 & Final) 80% of all Questions Answered 20% Left unsolved, Take the Challenge & Test your knowledge!
Underwood Macroeconomics Final (Compilation of Exams 1, 2, 3 & Final) 80% of all Questions Answered 20% Left unsolved, Take the Challenge & Test your knowledge! E3: In a small closed economy investment is $50 billion and private saving is $45 billion. What are public saving and national saving?
A. public saving is $5 billion, and national saving is $45 billion
B. public saving is -$5 billion, and national saving is $45 billion
C. public saving is $5 billion, and national saving is $50 billion
D. public saving is -$5 billion, and national saving is $50 billion - Verified Answer: public saving is $5 billion, and national saving is $50 billion
E3: When people decide to spend a smaller percentage of each paycheck, this causes national saving to ____ and the equilibrium interest rate to ____ in a closed economy. A. increase: increase B. decrease: decrease C. increase: decrease D. decrease: increase - Verified Answer: E3: Suppose the quantity of loanable funds demanded is larger than the
quantity of loanable funds supplied. We can expect: A. the supply of loanable funds to increase. B. the interest rate to decrease. C. the demand for loanable funds to decrease. D. the interest rate to increase. - Verified Answer: the interest rate to increase
E3: All else the same, when the population in the country increases (either via births or immigration), then in this case, we can expect the equilibrium wage to ____ and the equilibrium level of employment to _____.
A. decrease: decrease B. decrease: increase C. increase: increase D. increase: decrease - Verified Answer: E3: Given the information in the table below, at a price of $8, there will be an ____ equal to ____ units in this market. P QD QS
2 50 10
4 40 20
6 30 30
8 20 40
10 10 50
A. excess demand, 10 B. excess demand, 20 C. excess supply, 20 D. excess supply, 10 - Verified Answer: excess supply, 20
E3: If the quantity of loanable funds supplied exceeds the quantity of loanable funds demanded, there is a _______ of loanable funds and the
interest rate is _____ the equilibrium level.
A. shortage: below
B. surplus: above
C. shortage: above
D. surplus: below - Verified Answer: surplus: above E3: Suppose there is an increase in the labor force participation rate. In the labor market, you would expect the equilibrium wage to___________and the equilibrium quantity of labor employed to__________. Please answer increase, decrease, or uncertain. - Verified Answer: Answer 1:
decrease
Answer 2:
increase
E3: Suppose households decide they want to reduce their level of outstanding debt. They will tend to ___ private saving and ____ consumption spending. A. decrease: increase B. increase: increase C. decrease: decrease D. increase: decrease - Verified Answer: increase: decrease
E3: If firms voluntarily pay above-equilibrium wages to increase worker productivity we attribute this to: A. union activity B. the efficiency wage theory
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