A) positively related to household income and wealth and households' expectations about the future,but negatively related to interest rates. B) negatively related to household income and wealth,interest rates,and households' expectations about the future. C) determined only by income. D) positively related to household income and wealth,interest rates,and households' expectations about the future. A) positively related to household income and wealth and households' expectations about the future,but negatively related to interest rates. B) negatively related to household income and wealth,interest rates,and households' expectations about the future. C) determined only by income. D) positively related to household income and wealth,interest rates,and households' expectations about the future.

Exam 8: Aggregate Expenditure and Equilibrium Output

Refer to the information provided in Figure 8.10 below to answer the questions that follow. Figure 8.10 -Refer to Figure 8.10.At aggregate output levels above $1,000 million,there are

(Multiple Choice)

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Question 21

Assuming there is no government or foreign sector,the economy will be in equilibrium if,and only if,planned investment equals actual investment.

(True/False)

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Question 22

Refer to the information provided in Table 8.5 below to answer the questions that follow. Table 8.5 -Refer to Table 8.5.Planned saving equals planned investment at an aggregate output level of

(Multiple Choice)

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Question 23

Refer to the information provided in Figure 8.6 below to answer the questions that follow. Figure 8.6 -Refer to Figure 8.6.If aggregate income is $800,aggregate saving is

(Multiple Choice)

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Question 24

The Jackson Tool Company manufactures only tools.In 2012 Jackson Tools manufactured 20,000 tools,but sold 21,000 tools.In 2012 Jackson Tools' change in inventory was

(Multiple Choice)

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Question 25

Assuming there is no government or foreign sector,the formula for the multiplier is

(Multiple Choice)

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Question 26

Refer to the information provided in Table 8.2 below to answer the questions that follow. Table 8.2 -Refer to Table 8.2.Society's MPC is

(Multiple Choice)

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Question 27

Assume there is no government or foreign sector.If the multiplier is 4,a $20 billion increase in investment will cause aggregate output to increase by

(Multiple Choice)

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Question 28

Refer to the information provided in Table 8.1 below to answer the questions that follow. Table 8.1 -Refer to Table 8.1.Society's MPS is

(Multiple Choice)

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Question 29

Refer to the information provided in Table 8.2 below to answer the questions that follow. Table 8.2 -Refer to Table 8.2.Assuming society's MPC is constant,at an aggregate income of $1,200 aggregate saving would be

(Multiple Choice)

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Question 30

Firms react to negative inventory investment by increasing output.

(True/False)

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Question 31

If C = 1,500 + 0.75Y and I = 500,then planned saving equals planned investment at aggregate output level of

(Multiple Choice)

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Question 32

If planned investment increases,equilibrium will be restored only when saving has increased by exactly the amount of the initial increase in planned investment,assuming there is no government or foreign sector.

(True/False)

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Question 33

Refer to the information provided in Figure 8.6 below to answer the questions that follow. Figure 8.6 -Refer to Figure 8.6.If aggregate income is $1,000,aggregate consumption is

(Multiple Choice)

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Question 34

Assume that in Scandia,planned investment is $80 billion but actual investment is $60 billion.Unplanned inventory investment is

(Multiple Choice)

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Question 35

If actual investment is greater than planned investment,unplanned inventories decline.

(True/False)

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Question 36

Refer to the information provided in Figure 8.3 below to answer the questions that follow. Figure 8.3 -Refer to Figure 8.3.The equation for the aggregate consumption function is

(Multiple Choice)

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Question 37

Consumption is

(Multiple Choice)

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Question 38

If autonomous consumption increases,the size of the multiplier would

(Multiple Choice)

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Question 39

Refer to the information provided in Figure 8.4 below to answer the questions that follow. Figure 8.4 -Refer to Figure 8.4.Which consumption function has the largest MPC?

(Multiple Choice)

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Question 40

Showing 21 - 40 of 176

Exam 8: Aggregate Expenditure and Equilibrium Output

Refer to the information provided in Figure 8.10 below to answer the questions that follow. Figure 8.10 -Refer to Figure 8.10.At aggregate output levels above $1,000 million,there are

Assuming there is no government or foreign sector,the economy will be in equilibrium if,and only if,planned investment equals actual investment.

Refer to the information provided in Table 8.5 below to answer the questions that follow. Table 8.5 -Refer to Table 8.5.Planned saving equals planned investment at an aggregate output level of

Refer to the information provided in Figure 8.6 below to answer the questions that follow. Figure 8.6 -Refer to Figure 8.6.If aggregate income is $800,aggregate saving is

The Jackson Tool Company manufactures only tools.In 2012 Jackson Tools manufactured 20,000 tools,but sold 21,000 tools.In 2012 Jackson Tools' change in inventory was

Assuming there is no government or foreign sector,the formula for the multiplier is

Refer to the information provided in Table 8.2 below to answer the questions that follow. Table 8.2 -Refer to Table 8.2.Society's MPC is

Assume there is no government or foreign sector.If the multiplier is 4,a $20 billion increase in investment will cause aggregate output to increase by

Refer to the information provided in Table 8.1 below to answer the questions that follow. Table 8.1 -Refer to Table 8.1.Society's MPS is

Refer to the information provided in Table 8.2 below to answer the questions that follow. Table 8.2 -Refer to Table 8.2.Assuming society's MPC is constant,at an aggregate income of $1,200 aggregate saving would be

Firms react to negative inventory investment by increasing output.

If C = 1,500 + 0.75Y and I = 500,then planned saving equals planned investment at aggregate output level of

If planned investment increases,equilibrium will be restored only when saving has increased by exactly the amount of the initial increase in planned investment,assuming there is no government or foreign sector.

Refer to the information provided in Figure 8.6 below to answer the questions that follow. Figure 8.6 -Refer to Figure 8.6.If aggregate income is $1,000,aggregate consumption is

Assume that in Scandia,planned investment is $80 billion but actual investment is $60 billion.Unplanned inventory investment is

If actual investment is greater than planned investment,unplanned inventories decline.

Refer to the information provided in Figure 8.3 below to answer the questions that follow. Figure 8.3 -Refer to Figure 8.3.The equation for the aggregate consumption function is

Consumption is

If autonomous consumption increases,the size of the multiplier would

Refer to the information provided in Figure 8.4 below to answer the questions that follow. Figure 8.4 -Refer to Figure 8.4.Which consumption function has the largest MPC?

The Scope and Method of Economics

The Economic Problem: Scarcity and Choice

Demand,supply,and Market Equilibrium

Demand and Supply Applications

Introduction to Macroeconomics

Measuring National Output and National Income

Unemployment, inflation, and Long-Run Growth

The Government and Fiscal Policy

The Money Supply and the Federal Reserve System

Money Demand and the Equilibrium Interest Rate

The Determination of Aggregate Output, the Price Level, and the Interest Rate

Policy Effects and Costs Shocks in the Asad Model

The Labor Market in the Macroeconomy

Financial Crises, stabilization, and Deficits

Household and Firm Behavior in the Macroeconomy: a Further Look

Long-Run Growth

Alternative Views in Macroeconomics

International Trade,comparative Advantage,and Protectionism

Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates

Economic Growth in Developing and Transitional Economies

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