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THIS. IS. Jeopardy. Your. With. Host. Mrs. Powell. Jeopardy. Column F. Column A. Column B. Column C. Column D. Column E. 100. 100. 100. 100. 100. 100. 200. 200. 200. 200. 200. 200. 300. 300. 300. 300. 300. 300. 400. 400. 400. 400. 400. 400. 500. 500.

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  1. THIS IS Jeopardy

  2. Your With Host... Mrs. Powell

  3. Jeopardy Column F Column A Column B Column C Column D Column E 100 100 100 100 100 100 200 200 200 200 200 200 300 300 300 300 300 300 400 400 400 400 400 400 500 500 500 500 500 500

  4. A 100

  5. Draw the regular D and S graph. Draw a dot showing a decrease in P and a decrease in Q Figure out what could have caused that by drawing in the lines. Decrease in demand and no change in supply A 100

  6. A 200

  7. If the budget deficit increases—(more spending than taxes in a given year) it will increase the gov.’s demand for loans. If the gov., increases demand for loans, IR will increase. A 200

  8. Suppose that in an economy with lump-sum (disregard) taxes, autonomous (disregard) investment spending increases by $10 million. If the marginal propensity to consume is 0.8, equilibrium gross domestic product will change by a maximum of: New scenario, taxes decrease by the same amount assuming the same MPC A 300

  9. Spending multiplier: 1/MPS 1/.2=5 5 * positive 10 million= 50 million increase Tax multiplier: -MPC/MPS -.8/.2= -4 -4 * negative (decrease) $10 million= 40 million increase A 300

  10. A 400

  11. A-D will increase the productivity of labor. Just because the labor force increases does not necessarily mean that they will be more productive. However, all A-E would shift the PPC outward and the LRAS to the right. Why? They are all an increase in resources. A 400

  12. A 500

  13. MPC is the change in spending brought by a change in income. If income increases by 10,000 and the MPC is point .8, then consumption will increase by 8,000 A 500

  14. B 100

  15. Most of you know that inside is inefficient or unemployment, on the line is (productively efficient, and outside is currently unattainable. Missed on last test—only one point of the curve represents the best mix of goods. B 100

  16. B 200

  17. If set at a balanced budget at full employment, then—deficit during recession (more spending, less taxes) and surplus during inflation B 200

  18. B 300

  19. C B 300

  20. B 400

  21. If a decrease in exports, the AD will decrease. Find a FISCAL POLICY that will increase AD.--B B 400

  22. B 500

  23. C B 500

  24. C 100

  25. D C 100

  26. C 200

  27. E C 200

  28. C 300

  29. Best answer is C. Choice A could increase economic growth b/c an increase in population is an increase in resources, but would probably not increase per capita RGDP, which is the best measure of the standard of living. C 300

  30. DAILY DOUBLE DAILY DOUBLE Place A Wager C 400

  31. C 400

  32. B C 400

  33. C 500

  34. MPC is .9 Then, MPS is .1 Gov spending increases by $100, but exports decrease by $60. So, $40 injection. 1/.1=10 10 x 40=400--B C 500

  35. D 100

  36. A D 100

  37. D 200

  38. C D 200

  39. D 300

  40. D D 300

  41. D 400

  42. B D 400

  43. D 500

  44. Down the Phillips Curve=decrease in AD B D 500

  45. E 100

  46. E Talk about LRAS, LRPC, and PPC E 100

  47. E 200

  48. Correct Response Two E E 200

  49. Question Number Three E E 300

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