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Saylor Academy ECON101: Direct Credit Test Questions and Answers

ECON101 Module 8 (Exam 3) Exam Study Guide. Introduction to aggregate expenditures - answerThe aggregate expenditures model proposes that total spending (aggregate expenditures) in an economy will, in equilibrium, be equal to total output. In this model, aggregate expenditures are classified into four different categories, which are identified by who is buying the output: consumption by households, investment by firms, government purchases, and net exports. If any of these types of spendin...

ECON101 Exam Questions With Accurate Answers. When the supply of a product decreases - answerthe equilibrium price will increase and equilibrium quantity will decrease -This is shown as a leftward shift of supply. When the supply of a product increases - answerthe equilibrium price will decrease and equilibrium quantity will increase. -This is shown as a rightward shift of supply When demand increases at the same time that supply decreases - answerthe equilibrium quantity falls but the ...

ECON104 Quiz Questions With Complete Solutions Latest Update 2024

Saylor Academy ECON101: Direct Credit Exam Questions and Answers Saylor Academy ECON101: Direct Credit Exam Questions and Answers

Microeconomics correct answers The study of how households and firms make choices, how they interact in markets and how the government attempts to influence their choices Macroeconomics correct answers The study of the economy as a whole including topics such as inflation, unemployment and economic growth Economic growth correct answers The expansion of society's productive potential, usually measured by the rate of growth in real GDP Unemployment rate correct answers The percentage of...

ECON102 EXAM #3 QUESTIONS AND ANSWERS 100% SOLVED Explicit costs: A. measure the opportunity costs of the business owners. B. are always fixed in the short run. C. measure the payments made to the firm's factors of production. D. are always variable in the short run. ️️C. measure the payments made to the firm's factors of production. If you were to start your own business, your implicit costs would include: A. rent that you have paid in advance for use of a building. B. the opp...

ECON103 Exam 3 - Student MC Who was the president during the years 1971 and 1981 when the dollar lost more than half of its value? A. James Polk B. Jimmy Carter C. JFK D. Calvin Coolidge E. Ronald Reagan - ANSWERS-B Which of the following could have been done to possibly stop the 2008 market crisis? (Select all that apply) A. Use of the Home Ownership and Equity Protection Act by the Federal Reserve B. People could have put down smaller down payments on their homes so they would have...

ECON101 MH V4 Graded Exam 2 ECON101 MH V4 Graded Exam 2 ECON101 MH V4 Graded Exam 2

When the supply of a product decreasesthe equilibrium price will increase and equilibrium quantity will decrease -This is shown as a leftward shift of supply. When the supply of a product increasesthe equilibrium price will decrease and equilibrium quantity will increase. -This is shown as a rightward shift of supply When demand increases at the same time that supply decreasesthe equilibrium quantity falls but the change in equilibrium price is ambiguous the equilibrium quantity falls...