Macroeconomics example #17616

When changes to taxes and spending occur in the economy without explicit action by the Federal government, such policy is called

As the economy declines, the collection of personal income tax revenues automatically falls. This relationship is best describes the progressive income tax system:

If the government passes legislation to cut taxes to counter the effects of a severe recession, then this would be an example of a:

Fiscal policy refers to:

The amount by which government expenditures exceed revenues during a particular year is the:

As a percent go GDP, the United States public debt is:

The size of MPC is assumed to be:

Suppose that a new machine tool having a useful life of one year costs $80,000. Suppose also, the her additional revenue resulting from buying this tool is expected to be $96,000. The expected rate of return on this tool is:

If business taxes are reduced and the real interest rate is increases:

The multiplier affect means that:

As disposable income decreases, consumption:

If the consumption schedule shifts downward, and the shift was not caused by a tax change, then the saving schedule

Which would shift the consumption schedule upward?

An inverse relationship between the rate of interest and and the level of:

Which would decrease investment demand?

Generally speaking, the greater the MPS, the:

A nation has a population of 300 million people. Of these, 80 million are retired, in the military, in institutions, or under the age of 16. There are 210 million people who are employed and 10 million who are unemployed. What is the unemployment rate?

The rate of unemployment when the country is at its potential output is called:

Ichiro has lost his job at an automobile plant because of the use of robots for welding on the assembly line. Ichiro plans to go to technical school to learn how to repair microcomputers. They type of unemployment Ichiro is facing is

If the annual inflation rate is 5 percent a year, about how many years will it take for the price level to double?

The industries to sectors of the economy in which business cycle fluctuations tend to affect output the most are:

In which phase of the business cycle will the economy most likely experience rising real output and falling unemployment rates?

During periods of full employment in the United States the:

A university graduate using the summer following graduation to search for a job would best be classified as

If actual GDP is $340 billion and there is a positive GDP gap of $20 billion, potential GDP is:

In which of the following cases would real income rise?

Suppose the total monetary value of all final goods and services produced in a particular country in 2008 is $500 billion and the total monetary value of a final goods and services sold is $450 billion. We can conclude that:

If depreciation (consumption of fixed capital) exceeds domestic investment, we can conclude that:

Real GDP measures:

Real GDP and nominal GDP differ because the real GDP:

The GDP tends to:

The monetary value of all final goods and serves produced by a nation's economy during a year is the:

Which would be considered an investment according to economists?

The following are national income account data for a hypothetical economy in billions of dollars: gross private domestic investment ($320); imports ($35); exports ($22); personal consumption expenditures ($2460); and, government purchases ($470). What is the GDP of the economy?

GDP in an economy is $4,600 billion. Consumer expenditures are $3,500 billion, government spending is $900 billion, and gross private domestic investment is $400 billion. Net exports are:

A consumer price index attempts to measure changes in:

The fear if unwanted price wars may explain why many firms are reluctant to:

The foreign purchases of effect suggests that an increase in Japanese price level relative to other countries willL

Which set of events would most likely decrease aggregate demand?

The slope of the immediate short-run aggregate demand supply curve is based on the assumption that:

A decline in the quantity of real output demanded alone the aggregate demand curve is a result of an:

Efficiency wages are associated with:

The economy experiences an increase in the price level and a decrease in real domestic output. What is a likely explanation?

If at a particular price level, real domestic output from producers is greater than real domestic output desired by purchasers, there will be a:

A private closed economy includes:

The equilibrium level of GDP in a private closed economy is where:

The equilibrium level of GDP is associated with"

Suppose that the level of GDP increased by $100 billion in a private closed economy where the marginal propensity to consume is 0.5. Aggregate expenditures much have increased by:

An increase in the investment demand curve will:

Saving and Investing are, respectively:

If GDP exceeds aggregate expenditures:

Over time, an increase in the real output and incomes of the trading partners of France will:

The amount by which an aggregate expenditure schedule must shift downward to eliminate the demand-pull inflation and still achieve the full-employment GDP is an:

Which is a demand factor in economic growth?

The entry of US women into the workforce since the 1906s resulted in:

A decline in a nation's rate of productivity growth will:

If the annual growth in a nation's productivity is 2.5% rather than 1.5%, then the nation's standard of living will double in about:

Real GDP per capita:

Growth is advantageous to a nation because:

Economists who believe the recent increase in the average US productivity growth rate may be permanent claim that the above-normal economic growth in the US between 1995 and 2009 was cause by:

Critics of economic growth:

Real GDP

If real GDP increases by 5% while the population of a country increases by 7% then:

While of the following is the best example of financial investment?

In economics, the word "shocks" refers to:

Which of the following statements is most accurate about advanced economics?

Before the period of modern economic growth:

What is the difference between financial investment and economic investment?

If an economy wants to increase its current level of investment, it must: