Question 1

What is the relationship between household saving and taxes?

Accepted Answer

A)  taxes = income - consumption - household saving 
B)  household saving = income + taxes - consumption 
C)  taxes = income + consumption + household saving 
D)  household saving = consumption + income - taxes 
E)  taxes = household saving - income + consumption 
A)  taxes = income - consumption - household saving 
B)  household saving = income + taxes - consumption 
C)  taxes = income + consumption + household saving 
D)  household saving = consumption + income - taxes 
E)  taxes = household saving - income + consumption

Question 2

If the actual real wage exceeds the equilibrium wage,there will be an excess supply of labor.

Accepted Answer

A) True 
 B)False

Question 3

The demand for funds in the financial market comes from one source: the business sector's investment spending.

Accepted Answer

A) True 
 B)False

Question 4

Say's Law

Accepted Answer

A)  cannot be satisfied if there is excess supply or demand in individual markets in the long run 
B)  ensures that every firm will sell all of its output 
C)  can be satisfied even if there is a general overproduction or underproduction of goods in the economy 
D)  is satisfied only if every market clears in the short run 
E)  shows that the total value of spending in the economy will equal the total value of the output produced 
A)  cannot be satisfied if there is excess supply or demand in individual markets in the long run 
B)  ensures that every firm will sell all of its output 
C)  can be satisfied even if there is a general overproduction or underproduction of goods in the economy 
D)  is satisfied only if every market clears in the short run 
E)  shows that the total value of spending in the economy will equal the total value of the output produced

Question 5

Crowding out refers to a(n)

Accepted Answer

A)  decrease in the amount of goods produced after too many goods have crowded onto the market 
B)  business tactic used to steal a competitor's customers 
C)  increase in one sector's spending caused by an increase in another sector's spending 
D)  decrease in the price level after too many goods have crowded onto the market 
E)  decline in one sector's spending caused by an increase in another sector's spending 
A)  decrease in the amount of goods produced after too many goods have crowded onto the market 
B)  business tactic used to steal a competitor's customers 
C)  increase in one sector's spending caused by an increase in another sector's spending 
D)  decrease in the price level after too many goods have crowded onto the market 
E)  decline in one sector's spending caused by an increase in another sector's spending

What is the relationship between household saving and taxes?

If the actual real wage exceeds the equilibrium wage,there will be an excess supply of labor.

The demand for funds in the financial market comes from one source: the business sector's investment spending.

Say's Law

Crowding out refers to a(n)

What Is Economics

Scarcity,choice,and Economic Systems

Scarcity, choice, and Economic Systems: Part A

Working With Supply and Demand

Elasticity

Consumer Choice

Production and Cost

How Firms Make Decisions: Profit Maximization

Perfect Competition

Perfect Competition: Part A

Monopoly

Monopolistic Competition and Oligopoly

Labor Markets

labor Markets: Part A

Capital and Financial Markets

Economic Efficiency and the Competitive Ideal

Governments Role in Economic Efficiency

Comparative Advantage and the Gains From International Trade

What Macroeconomics Tries to Explain

Production, income, and Employment

The Price Level and Inflation

Part A: The Classical Model in an Open Economy

Economic Growth and Rising Living Standards

Economic Fluctuations

The Short-Run Macro Model

Fiscal Policy

Money,banks,and the Federal Reserve

The Money Market and Monetary Policy

Feedback Effects From GDP to the Money Market

Aggregate Demand and Aggregate Supply

Inflation and Monetary Policy

Exchange Rates and Macroeconomic Policy

Appendix-finding Equilibrium GDP Algebraically

Appendix: Capital and Leverage

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Exam 20: The Classical Long-Run Model

What is the relationship between household saving and taxes?

If the actual real wage exceeds the equilibrium wage,there will be an excess supply of labor.

The demand for funds in the financial market comes from one source: the business sector's investment spending.

Say's Law

Crowding out refers to a(n)

What Is Economics

Scarcity,choice,and Economic Systems

Scarcity, choice, and Economic Systems: Part A

Working With Supply and Demand

Elasticity

Consumer Choice

Production and Cost

How Firms Make Decisions: Profit Maximization

Perfect Competition

Perfect Competition: Part A

Monopoly

Monopolistic Competition and Oligopoly

Labor Markets

labor Markets: Part A

Capital and Financial Markets

Economic Efficiency and the Competitive Ideal

Governments Role in Economic Efficiency

Comparative Advantage and the Gains From International Trade

What Macroeconomics Tries to Explain

Production, income, and Employment

The Price Level and Inflation

Part A: The Classical Model in an Open Economy

Economic Growth and Rising Living Standards

Economic Fluctuations

The Short-Run Macro Model

Fiscal Policy

Money,banks,and the Federal Reserve

The Money Market and Monetary Policy

Feedback Effects From GDP to the Money Market

Aggregate Demand and Aggregate Supply

Inflation and Monetary Policy

Exchange Rates and Macroeconomic Policy

Appendix-finding Equilibrium GDP Algebraically

Appendix: Capital and Leverage

Filters