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ECO 372 Academic Coach/uophelp

For more course tutorials visit<br>www.uophelp.com<br><br>1) The largest source of household income in the U.S. is obtained from<br><br> <br> <br>2) The market where business sell goods and services to households and the government is called the<br><br><br> <br>3) Real gross domestic product is best defined as<br><br> <br>4) Underemployment includes people <br><br> A. who work "off-the-books" to avoid tax liabilities B. who are working part time, or not using all their skills at a full-time <br><br>job<br> <br>5) The Bureau of Economic Analysis is responsible for which of the following?<br><br> <br> <br>6) The Federal Reserve provides which of the following data?<br><br> <br>7) Consider if the government instituted a 10 percent income tax surcharge. In terms of the AS/AD model, this change should have<br><br> <br>8) If the depreciation of a country's currency increases its aggregate expenditures by 20, the AD curve will <br><br> A. shift right by more than 20 B. shift right by less than 20 C. shift right by exactly 20 D. not shift at all <br>9) Aggregate demand management policies are designed most directly to<br><br> <br>10) Suppose that consumer spending is expected to decrease in the near future. If output is at potential output, which of the following <br><br>policies is most appropriate according to the AS/AD model?<br><br> <br><br><br>11) According to Keynes, market economies<br><br> <br>12) The laissez-faire policy prescription to eliminate unemployment was to<br><br> <br>13) In the AS/AD model, an expansionary monetary policy has the greatest effect on the price level when it<br><br> <br>14) The Federal funds rate<br><br> <br>15) What tool of monetary policy will the Federal Reserve use to increase the federal funds rate from 1% to 1.25%?<br><br> <br>16) If the Federal Reserve increases the required reserves, financial institutions will likely lend out<br><br> <br>17) Suppose the money multiplier in the U.S. is 3. Suppose further that if the Federal Reserve changes the discount rate by 1 percentage <br><br>point, banks change their reserves by 300. To increase the money supply by 2700 the Federal Reserve should<br><br> A. reduce the discount rate by 3 percentage points B. reduce the discount rate by 10 percentage points<br> C. raise the discount rate by 3 percentage points D. raise the discount rate by 10 percentage points <br>18) If the Federal Reserve reduced its reserve requirement from 6.5 percent to 5 percent. This policy would most likely<br><br> <br>19) A country can have a trade deficit as long as it can<br><br> <br> <br>20) A weaker dollar<br><br> <br><br>21) In the short run, a trade deficit allows more consumption, but in the long run, a trade deficit is a problem because<br><br><br> <br>22) Considering an economy with a current trade deficit and considering only the direct effect on income, an expansionary monetary policy <br><br>tends to<br><br> <br>23) The balance of trade measures the<br><br> <br>24) When a country runs a trade deficit, it does so by:<br><br> <br>25) Expansionary fiscal policy tends to<br><br> <br>26) In considering the net effect of expansionary fiscal policy on the trade deficit, the<br><br> <br>27) If U.S. interest rates fall relative to Japanese interest rates and Japanese inflation falls relative to U.S. inflation, then the<br><br> <br> <br>28) Expansionary monetary policy tends to<br><br> <br> <br>29) The U.S. has limits on Chinese textile imports. Such limits are an example of<br><br> <br>30) Duties imposed by the U.S. government on imported Chinese frozen and canned shrimp are an example of<br> <br>

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ECO 372 Academic Coach/uophelp

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  1. ECO 372 ASH Course Tutorial For more course tutorials visit www.uophelp.com

  2. ECO 372 ASH Course Tutorial ECO 372 Final Exam Guide ECO 372 Week 1 Discussion Question 1 • 1) The largest source of household income in the U.S. is obtained from • 2) The market where business sell goods and services to households and the government is called the3) Real gross domestic product is best defined as4) Underemployment includes people     A.   who work "off-the-books" to avoid tax liabilities    B.   who are working part time, or not using all their skills at a full-time  • What is the difference between real and nominal GDP? Does GDP accurately reflect our nation’s well being? Explain.

  3. ECO 372 ASH Course Tutorial ECO 372 Week 1 Discussion Question 2 ECO 372 Week 1 Individual Assignment Term Definition Paper • Unemployment rate measures the number of unemployed workers in the labour force. List and explain three types of unemployment. Find the most recent unemployment rate of your state. From a personal perspective, can you explain your view of the current job market in your local area • Prepare a 700- to 1,050-word paper in which you define the following terms: • Gross domestic product (GDP) • Real GDP • Unemployment rate • Inflation rate • Interest rate

  4. ECO 372 ASH Course Tutorial ECO 372 Week 2 Discussion Question 1 ECO 372 Week 2 Group Discussion Question • How do Classical and Keynesian economists differ in their view of the aggregate supply curve?How does this influence what Classical and Keynesian economists believe about fiscal policy? • Do you think the current President and Congress were taking Classical  approach in their fiscal policies? Explain your answer. • What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal policies affect your organization?

  5. ECO 372 ASH Course Tutorial ECO 372 Week 2 Team Assignment Industry Overview Paper ECO 372 Week 3 Discussion Question 1 • Prepare a 1,400-1,750-word paper based on your selected industry. Include in your paper a brief history of the industry, an industry overview, and a SWOTT (Strengths, Weaknesses, Opportunities, Threats, and Trends) analysis of the industry. Define and address the impact of the following required economic elements: • What is the difference between contractionary and expansionary monetary policy? Which is more appropriate today? What are the impacts of this policy on US economy?

  6. ECO 372 ASH Course Tutorial ECO 372 Week 3 Group Discussion Question ECO 372 Week 3 Individual Assignment Fiscal Policy Alternatives Simulation • What are the uses of money?Describe how rapid inflation can undermine money’s ability to perform its three basic functions. Will current Fed's policy hinder money's ability to perform its three basic functions? Explain your rational. • Resource: Evaluating Fiscal Policy Alternatives simulation • Access and complete the Evaluating Fiscal Policy Alternatives simulation on the student website. Based on your learning, reading, and the simulation, prepare a 200-400-word summary: • Address your Growing Further results.

  7. ECO 372 ASH Course Tutorial ECO 372 Week 3 Team Assignment Economic Indicators Paper ECO 372 Week 4 Discussion Question 1 • Prepare a 1,400- to 1,750-word paper in which you define each indicator from the Industry Overview paper, and describe its current status. In addition, present a separate graph for each indicator, illustrating each historic trend. • Who benefits from a tariff or quota? Who loses? What are the positives and negatives of protectionist trade policies? Which policy is best right now?

  8. ECO 372 ASH Course Tutorial ECO 372 Week 4 Group Discussion Question ECO 372 Week 4 Team Assignment Economic Indicator Forecast Paper • Define trade surplus and  trade deficit? How do trade deficits and surpluses affect exchange rate and the industry in which you work? • Use the economic indicators from your Industry Overview Paper. • Prepare a 1,400- to 1,750-word paper in which you compare and contrast at least two two-year forecasts from separate sources, for each economic indicator.

  9. ECO 372 ASH Course Tutorial ECO 372 Week 5 Individual Assignment Applying International Trade Concepts Simulation ECO 372 Week 4 Team Assignment Economic Indicator Forecast Paper • Resource: Applying International Trade Concepts simulation • Access and complete the Applying International Trade Concepts simulation, located on the Materials page of the student website. • Prepare a 200-400-word summary: • Prepare a 3,500- to 4,550-word paper based on the analysis in your Learning Team assignments that are applicable to the final project. • Include an in-depth analysis on how your forecast will affect your industry. • Include an evaluation of the effect of past and current fiscal policies, monetary policies, budget deficits, or surpluses on the economy and your industry.

  10. ECO 372 ASH Course Tutorial For more course tutorials visit www.uophelp.com

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