Econ 202 final exam - Study guides, Class notes & Summaries

ECON 201 WHAT TO EXPECT FOR FINAL EXAM WINTER 2023 SOLUTION CONCORDIA

Econ 101 - Final Exam 2023 GRADED A LATEST VERSION 2OO QUESTIONS AND ANSWERS Which of the following statements correctly identifies a reason why low inflation can have a positive benefit to the economy? A) Inflation increases consumer demand which is necessary for combating slowdowns. B) Inflation increases consumer confidence, which is an absolute necessity to counteract business cycles. C)Inflation reduces money costs and hence stimulates an economy during slowdowns. D) Infla...

(WGU D089) ECON 2000 PRINCIPLES OF ECONOMICS FINAL EXAM REVIEW Q & A 202(WGU D089) ECON 2000 PRINCIPLES OF ECONOMICS FINAL EXAM REVIEW Q & A 202

A $100 billion increase in government purchases has a greater effect on real GDP than a $100 billion reduction in taxes because - Some o the income consumers gain from the tax reductions will be saved rather than spent A decrease in taxes - Raises AD by raising disposable income, thereby decreasing consumption A decrease in wealth will - Shift the consumption function downward A possible downside of industrial policy is that A. The government cannot be trusted to identify emerging technolo...

Econ 202 Final Exam 2024/2025 questions and answers 100% correct answers

A cartel usually has a collusive agreement to - restrict output. A change in the price of a good - does not shift the good's demand curve but does cause a movement along it. A change in which of the following shifts the demand curve? - the tastes and preferences of consumers A cost that has already been made and cannot be recovered is called a - sunk cost. A determinant of the price elasticity of supply is - the extent to which production of the good uses commonly available resources. A...

Econ 121 Final Exam Review ● Chapter 1 Quick Check: 1. Accounting is the information system that… 2. Which of the following is not an external user of a business’s financial system? 3. Generally Accepted Accounting Principles (GAAP) are currently formulated by the… 4. Which type of business organization is owned by only one owner? 5. Which of the following characteristics best describes a corporation? 6. Which of the following requires accounting information to be complete, ne...