Ecn latest exam - Guides d'étude, Notes de cours & Résumés
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ECN 211 EXAM 2 2023 ASU Questions and Answers | Latest Version
- Examen • 10 pages • 2023
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ECN 211 EXAM 2 2023 ASU Questions and Answers | Latest Version 
GDP is ------Correct Answer-------value of all final goods and services produced within a 
country in a given period of time. 
Y = C + I + G + NX ------Correct Answer-------Y = economy's total expenditure 
C = consumption in economy 
I = imports in economy 
G = government spending 
NX = net exports 
Net exports equal ------Correct Answer-------exports minus imports 
CPI is used to ------Correct Answer-------monitor changes in the c...
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ECN 211 ASU FINAL EXAM MARBURGER ACTUAL EXAM 2024 LATEST TEST WITH 100 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (GRADED A+) COLORADO CAR SALES MASTERY TEST 2024
- Examen • 7 pages • 2024
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ECN 211 ASU FINAL EXAM MARBURGER ACTUAL EXAM 2024 LATEST TEST WITH 100 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (GRADED A+) COLORADO CAR SALES MASTERY TEST 2024
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ECN 211 ASU Final Exam Marburger | Questions and Correct Answers | Latest Update 2024/2025
- Examen • 9 pages • 2024
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ECN 211 ASU Final Exam 
Marburger | Questions and 
Correct Answers | Latest 
Update 2024/2025 
The Circular Flow Diagram - Answer -Green arrows represent the flow of 
money and red represents to flow of goods/services 
Production possibilities Frontier/ Curve PPF: PPC - Answer -The curve 
shows what is possible within an economy 
D- impossible 
A&B - feasible efficient 
C - feasible & inefficient 
PPF shifts out when... - Answer -the economy can produce more of 
everything 
Opportunity Cost - An...
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ECN 211 ASU Exam 3 With Questions and Correct Answers.
- Examen • 14 pages • 2024
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ECN 211 ASU Exam 3 With Questions and Correct Answers. 
Recession - ANSWER -a period of mildly falling incomes and rising unemployment ex. 
 
-caused by a leftward shift in aggregate demand and a leftward shift in aggregate supply 
Depression - ANSWER a severe period of falling incomes and rising unemployment ex. 
Great Depression 
The Business Cycle - ANSWER the short-run fluctuations of the economy 
Economic Fluctuations - ANSWER -are irregular and unpredictable 
-most macroeconomic variables ...
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ECN 211 Final Test Exam Questions & Revised Correct Answers With Explanation Latest Update | Already Passed!!
- Examen • 8 pages • 2024
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ECN 211 Final Test Exam Questions 
& Revised Correct Answers With 
Explanation 
Latest Update | Already Passed!! 
1. When economic growth ___, fiscal policy should be ____. 
a. slows; contractionary 
b. accelerates; accelerated 
c. slows; expansionary 
d. accelerates; expansionary - ANSWER : slows, expansionary 
1. Expansionary monetary policy aids the economy by 
a. encouraging imports through a lower exchange rate. 
b. encouraging exports through a higher exchange rate. 
c. encouraging imp...
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ECN 211 Exam 1 | Questions and Correct Answers | Latest Update 2024/2025
- Examen • 8 pages • 2024
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ECN 211 Exam 1 | Questions 
and Correct Answers | Latest 
Update 2024/2025 
Economics - Answer -the study of how society manages its scarce 
resources 
Macroeconomics - Answer -the study of economy-wide phenomena (ex. 
the federal deficit, the rate of unemployment and policies to improve 
our standard of living) 
Microeconomics - Answer -the study of how households and firms 
make decisions and how they interact in markets 
Mixed Economies - Answer -a system with free markets, but with some 
gov...
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ECN 211 Exam 3 ASU Hill | Questions and Correct Answers | Latest Update 2024/2025
- Examen • 6 pages • 2024
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ECN 211 Exam 3 ASU Hill | 
Questions and Correct 
Answers | Latest Update 
2024/2025 
What is a recession? - Answer -economic contraction; two straight 
quarters of negative GDP growth 
What is a boom? - Answer -economic expansion; boom length does not 
predict a recession 
What are the characteristics of a good economy? - Answer -lots of job 
openings, firms are raising wages to attract workers, asset values are 
rising, consumers borrow and spend money freely 
What are the characteristics of a...
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ECN 211 Final Exam Terms | Questions and Correct Answers | Latest Update 2024/2025
- Examen • 8 pages • 2024
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ECN 211 Final Exam Terms | 
Questions and Correct 
Answers | Latest Update 
2024/2025 
Demand-Pull Inflation - Answer -increases in the price level (inflation) 
resulting from an excess of demand over output at the existing price 
level, caused by an increase in aggregate demand 
Cost-Push Inflation - Answer -increases in the price level 
(inflation)resulting from an increase in resource costs (for example, raw 
material prices) and hence in per unit production costs; inflation caused 
by reduct...
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ECN 211 EXAM 2 ASU | Questions and Correct Answers | Latest Update 2024/2025
- Examen • 6 pages • 2024
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ECN 211 EXAM 2 ASU | 
Questions and Correct 
Answers | Latest Update 
2024/2025 
GDP is - Answer -value of all final goods and services produced within a 
country in a given period of time. 
Y = C + I + G + NX - Answer -Y = economy's total expenditure 
C = consumption in economy 
I = imports in economy 
G = government spending 
NX = net exports 
Net exports equal - Answer -exports minus imports 
CPI is used to - Answer -monitor changes in the cost of living over time 
Inflation rate - Answer -p...
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ECN 211 ASU Final Exam With Questions and Correct Answers Graded A+.
- Examen • 10 pages • 2024
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ECN 211 ASU Final Exam With Questions and Correct Answers Graded A+. 
The Circular Flow Diagram - ANSWER Green arrows represent the flow of money and red 
represents to flow of goods/services 
Production possibilities Frontier/ Curve PPF: PPC - ANSWER The curve shows what is 
possible within an economy 
D- impossible 
A&B - feasible efficient 
C - feasible & inefficient 
PPF shifts out when... - ANSWER the economy can produce more of everything 
Opportunity Cost - ANSWER the cost of what you giv...
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