Psu econ 104 final exam - Study guides, Class notes & Summaries

PSU Econ 104 Final Exam Questions and Answers 100% Solved | Rated A+ Economics - the study of how society manages its scarce resources Macroeconomics - the study of the economy as a whole, including topics such as inflation, unemployment, and economic growth Microeconomics - the study of how households and firms make decisions and how they interact in markets Marginal Analysis - analysis that involves comparing marginal benefits and marginal costs Marginal Benefit - the additional benef...

PSU Econ 104 Final Exam Actual Questions and Answers 2024 Graded A+ - Brown If the required reserve ration is 20%, the simple deposit multiplier is _______ A. 2 B. 5 C. 10 D. 20 B. 5 1/.2 = 5 Imagine that Kristy deposits $10,000 of currency into her checking account deposit at Bank A and the reserve ratio is 20%. As a result of Kristy's deposit, Bank A's reserves immediately increase by: A. $2,000 B. $8,000 C. $ 10,000 D. $50,000 C. $10,000 This is how much money she puts i...

PSU Econ 104 Final Exam Actual Questions and Answers 2024 Graded A+ - Brown If the required reserve ration is 20%, the simple deposit multiplier is _______ A. 2 B. 5 C. 10 D. 20 B. 5 1/.2 = 5 Imagine that Kristy deposits $10,000 of currency into her checking account deposit at Bank A and the reserve ratio is 20%. As a result of Kristy's deposit, Bank A's reserves immediately increase by: A. $2,000 B. $8,000 C. $ 10,000 D. $50,000 C. $10,000 This is how much money she puts i...

PSU Econ 104 Final Exam Actual Questions and Answers 2024 Graded A+ - Brown Which of the following would be an example of a microeconomic issue? Select all that apply. 1. The federal government of Sweden offers tax credits for individuals to put solar paneling on their homes. 2. Sandra takes out a loan to invest in a new business opportunity. 3. A local sandwich shop shuts down during a recession. 4. None of these are microeconomic issues. 1, 2, and 3 True or false: Macroeconomics is th...

PSU Econ 104 Final Exam Actual Questions and Answers 2024 Graded A+ - Brown Which of the following would be an example of a microeconomic issue? Select all that apply. 1. The federal government of Sweden offers tax credits for individuals to put solar paneling on their homes. 2. Sandra takes out a loan to invest in a new business opportunity. 3. A local sandwich shop shuts down during a recession. 4. None of these are microeconomic issues. 1, 2, and 3 True or false: Macroeconomics is th...

Econ 104, Goffe. PSU Exam 2024 Questions and Answers| Verified &Updated. GDP the market value of all FINAL goods and services produced in a country during a period of time. GDP equation GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption expenditures made by households (excluding the purchase of a new house) Investment Final goods and services purchased by business firms (equipment for production and new buildings), changes in inventories (which is th...

Econ 104, Goffe. PSU Exam 2024 Questions and Answers| Verified &Updated. GDP the market value of all FINAL goods and services produced in a country during a period of time. GDP equation GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption expenditures made by households (excluding the purchase of a new house) Investment Final goods and services purchased by business firms (equipment for production and new buildings), changes in inventories (which is th...

Econ 104, Goffe. PSU Exam 2024 Questions and Answers| Verified &Updated. GDP the market value of all FINAL goods and services produced in a country during a period of time. GDP equation GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption expenditures made by households (excluding the purchase of a new house) Investment Final goods and services purchased by business firms (equipment for production and new buildings), changes in inventories (which is th...