Examen
ECN 211 Final Exam Review Questions and Answers 100% Correct
- Grado
- Institución
ECN 211 Final Exam Review Questions and Answers 100% Correct
[Mostrar más]Vista previa 2 fuera de 13 páginas
Vista previa 2 fuera de 13 páginas
Añadir al carrito
Añadir al carrito
Vendedor
Seguir
StudySet
Comentarios recibidos
Vista previa del contenido
ECN 211 Final Exam Review Questionsand Answers 100% Correct
Real GDP is commonly used for what? - ANSWER Short run changes.
When real GDP falls, so does what? - ANSWER - Personal income
- Corporate profits
- Consumer spending
- Investment spending
- Industrial production
When the overall economy declines that is due to what? - ANSWER - Reduction
in spending in factories
- Housing
- Inventory
When real GDP declines, what happens to the unemployment rate? - ANSWER
It increases.
What is the natural rate of unemployment? - ANSWER 5% or 6%.
In the short run, what can money supply do? - ANSWER It can temporarily
push real GDP away from the long run.
, Model of aggregate demand/supply - ANSWER Explains the short-run
fluctuations around its long-run trend.
Aggregate demand - ANSWER The curve that shows the quantity of goods and
services households, firms, government, and customers from abroad want to buy
at each price level.
Aggregate supply - ANSWER The curve that shows the quantity of goods and
services firms choose to produce or sell at each price level.
When there's a lower interest rate, what affect does that have on the quantity
demanded? - ANSWER It increases.
When the price level decreases, what affect does that have on the interest rate,
spending, and quantity? - ANSWER - Interest rate decreases
- Spending increases
- Quantity increases
As the real exchange dollar value decreases... - ANSWER Quantity demanded
increases.
When consumption (C), investment (I), government purchases (G), and net
exports (NX) increases, how does the aggregate demand curve shift? -
ANSWER It shifts to the right.
When the government cut taxes, how does the aggregate demand curve shift? -
ANSWER It shifts to the right.
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StudySet. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now