ECO 372 Week 5 Individual Final Examination//tutorfortune.com
ECO 372 Week 5 Individual Final Examination//tutorfortune.com Click on below link to buy https://tutorfortune.com/products/eco-372-week-5-individual-final-examination ECO 372 Week 5 Individual Final Examination Included 3 Different Final Exams for this class! NOTE: Questions may be in a different order, but they should all be included. Complete the Final Examination. You are allowed one attempt to complete the examination, which is timed and must be completed in 3 hours. Results are auto graded and sent to your instructor. Final Exam 2018 / 2019 Version! 1.tMartha lends $200 to a friend who promises to return it after a year. Instead of lending it to her friend, Martha could have put the money in a bank where she could have earned an interest rate of 2 percent per annum. Marthau2019s opportunity cost of lending the money is _____. 2.tThe exhibit given below shows the short-run aggregate demand and supply curves in an economy, AD1 and AS1, and the long-run aggregate supply curve, LRAS. The economy was initially in equilibrium when there was a decrease in aggregate demand, causing a shift of the aggregate demand curve from AD1 to AD2. Which of the following is true in this case? 3.tSuppose an economy is in long-run equilibrium. An increase in consumption expenditure will: 4.tIn the long run, a higher saving rate: 5.tSuppose the net foreign investment in Italy is positive. This implies that: 6.tThe circular-flow diagram shows that: 7.tThe table given below shows the total amount of spending in the country of Mesodonia. Mesodoniau2019s gross domestic product is: 8.tThe country of Merilya exported goods and services worth $1.2 million and imported goods and services worth $2.7 million. The net exports of the country was _____. 9.tSuppose the Fed purchases government bonds through open-market operations. All other things remaining equal, this is likely to: 10.tA rise in the price of bacon from $14 per pound to $16 per pound will reduce the purchasing power of the dollar by: 11.tA difference between commodity money and fiat money is that: 12.tSuppose the net capital outflow from Zenovia is negative. This implies that: 13.tThere is an increase in human capital when _____. 14.tAfter retirement, Molly deposits $500,000 in a local bank in Merrina. At an interest rate of 4 percent, she will receive approximately _____ after 3 years. 15.tRuth wants to calculate the present value of a sum of money that she will receive after the demise of her grandparents. To calculate the present value, she should use the: 16.tThe buyers and sellers in the country of Perylia use corn as a medium of exchange. This means that: 17.tScarcity occurs because of: 18.tThe Phillips curve shows: 19.tEphlon Inc., an Italian bike manufacturer, opens a factory in the United States. This is an example of: 20.tJack is an out-of-work sculptor. He has been looking for a job for the last two years. Unable to find any, he has given up his job search. Which of the following is true in this case? 21.tSuppose the central bank of a country undertakes an expansionary monetary policy. Which of the following is most likely to be the effect of such a policy, all other things remaining unchanged? 22.tFollowing the unexpected good performance of Leathex, all its employees were given a one-time bonus. This consequently led to a rightward shift of the demand curve for shoes manufactured by the company and a leftward shift of the demand curve for socks. This shows that shoes are: 23.tA higher interest rate in a country: 24.tIf the price level in an economy is 120 and the equilibrium price level is 100, _____. 25.tA recent survey showed the health benefits of cranberry juice for treating heart and other respiratory disorders. The exhibit below shows that the initial demand curve for cranberry juice = is D1. Which of the following is likely to be a consequence of the publication of the survey? 26.tKeynesian economists believe that when an economy is in a recession, the government should: 27.tThe Marions purchased a Persian rug worth $5,000 from an Iranian textile mill. Everything else remaining unchanged, this will: 28.tAs more capital is used in the production process, the amount of other inputs being fixed, the production function becomes: 29.tThe natural rate of unemployment in a country is 4 percent. This implies that: 30.tWhich of the following is true according to the circular-flow diagram? Final Exam Set #2 1. Suppose farmers can use their land to grow either wheat or corn. The law of supply predicts that an increase in the market price of wheat will cause: 2. According to Keynes, market economies: 3. If banks hold excess reserves whereas before they did not, the money multiplier: 4. The law of demand states that quantity demanded of a good is inversely related to the price of that good. Therefore, as the price of a good goes: 5. What would make foreigners want to buy more from the United States? ECO 372 Week 5 Individual Final Examination Click on below link to buy https://tutorfortune.com/products/eco-372-week-5-individual-final-examination
35 views • 3 slides
