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EPE FINAL EXAM QUESTIONS & ANSWERS SOLVED 100% SOLUTIONS!!
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EPE FINAL EXAM QUESTIONS & ANSWERS SOLVED 100% SOLUTIONS!!
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EPE FINAL EXAMQUESTIONS &
ANSWERS SOLVED
100% SOLUTIONS!!
EPE
Evatee 10/8/24 EPE
,EPE FINAL EXAM QUESTIONS & ANSWERS
SOLVED 100% SOLUTIONS!!
The main goal of demand-side macroeconomic policies is to:
a. Conserve environmental resources
b. Bring actual GDP in line with potential GDP
c. Generate long-term growth in economic productivity
d. Cause actual GDP to exceed potential GDP
e. Equalize incomes across various groups in the society Answer - Bring actual
GDP in line with potential GDP
What counts as part of the M1 definition of money?
a. Cash in a bank's vault
b. Stock in a Fortune 500 corporation
c. Reserves held on account at the Fed
d. Mortgages
e. Personal checking accounts Answer - Personal checking accounts
Which of the following statements is true?
a. Countries that run trade deficits generally have high unemployment
b. International trade is a 'zero sum game'
c. It is important to balance trade with individual trading partners
d. Changes in the patterns of trade can hurt people in particular industrial
sectors
, e. None of the above Answer - Changes in the patterns of trade can hurt
people in particular industrial sectors
What factors can help reduce the hardship associated with local crop failures?
a. Having no import restrictions on food
b. Having low poverty to begin with
c. Having good transportation infrastructure
d. Availability of livestock which can be slaughtered for food
e. All of the above Answer - All of the above
The government sector in a small country is very large. Almost half of all
citizens
work for the government. There is little private sector innovation and per
capita
GDP growth is stagnant. On the plus side, there is currently full employment
and
the country's currency is stable. The citizens of other countries are unwilling to
lend money to this country's government because it controls too much of the
economy and it carries a lot of debt. What mixture of macro-economic policies
makes the most sense for this country?
a. Decrease in government spending PLUS cut in domestic interest rate
PLUS supply side policies to encourage investment
b. Expansionary fiscal policy PLUS increase in interest rate PLUS massive
purchase of the country's own currency
c. Tax cut PLUS increased government regulation of the private economy
d. Nationalization of key industry sectors PLUS regulation of food prices
e. Increase in government sp Answer - Decrease in government spending PLUS
cut in domestic interest rate PLUS supply side policies to encourage investment
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