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ECO 372 Week 5 Individual Final Examination//tutorfortune.com

ECO 372 Week 5 Individual Final Examination//tutorfortune.com<br><br>Click on below link to buy<br>https://tutorfortune.com/products/eco-372-week-5-individual-final-examination<br><br>ECO 372 Week 5 Individual Final Examination<br>Included 3 Different Final Exams for this class! <br>NOTE: Questions may be in a different order, but they should all be included.<br>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.<br> <br>Final Exam 2018 / 2019 Version!<br>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 _____. <br>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?<br>3.tSuppose an economy is in long-run equilibrium. An increase in consumption expenditure will:<br>4.tIn the long run, a higher saving rate: <br>5.tSuppose the net foreign investment in Italy is positive. This implies that:<br>6.tThe circular-flow diagram shows that:<br>7.tThe table given below shows the total amount of spending in the country of Mesodonia. Mesodoniau2019s gross domestic product is: <br>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 _____. <br>9.tSuppose the Fed purchases government bonds through open-market operations. All other things remaining equal, this is likely to:<br>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:<br>11.tA difference between commodity money and fiat money is that:<br>12.tSuppose the net capital outflow from Zenovia is negative. This implies that:<br>13.tThere is an increase in human capital when _____.<br>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.<br>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:<br>16.tThe buyers and sellers in the country of Perylia use corn as a medium of exchange. This means that:<br>17.tScarcity occurs because of:<br>18.tThe Phillips curve shows:<br>19.tEphlon Inc., an Italian bike manufacturer, opens a factory in the United States. This is an example of:<br>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?<br>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?<br>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:<br>23.tA higher interest rate in a country:<br>24.tIf the price level in an economy is 120 and the equilibrium price level is 100, _____.<br>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?<br>26.tKeynesian economists believe that when an economy is in a recession, the government should:<br>27.tThe Marions purchased a Persian rug worth $5,000 from an Iranian textile mill. Everything else remaining unchanged, this will:<br>28.tAs more capital is used in the production process, the amount of other inputs being fixed, the production function becomes:<br>29.tThe natural rate of unemployment in a country is 4 percent. This implies that:<br>30.tWhich of the following is true according to the circular-flow diagram?<br> <br>Final Exam Set #2<br>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:<br>2. According to Keynes, market economies:<br>3. If banks hold excess reserves whereas before they did not, the money multiplier:<br>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:<br>5. What would make foreigners want to buy more from the United States?<br>ECO 372 Week 5 Individual Final Examination<br><br>Click on below link to buy<br>https://tutorfortune.com/products/eco-372-week-5-individual-final-examination<br>

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ECO 372 Week 5 Individual Final Examination//tutorfortune.com

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  1. 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 E C O 3 7 2 We e k 5 I n d i v i d u a l F i n a l E x a mi n a t i o n I n c l u d e d 3 D i ff e r e n t F i n a l E x a ms f o r t h i s c l a s s !   N O T E : Q u e s t i o n s ma y b e i n a d i ff e r e n t o r d e r , b u t t h e y s h o u l d a l l b e i n c l u d e d . C o mp l e t e t h e F i n a l E x a mi n a t i o n . Y o u a r e a l l o w e d o n e a t t e mp t t o c o mp l e t e t h e e x a mi n a t i o n , w h i c h i s t i me d a n d mu s t b e c o mp l e t e d i n 3 h o u r s . R e s u l t s a r e a u t o g r a d e d a n d s e n t t o y o u r i n s t r u c t o r .   F i n a l E x a m 2 0 1 8 / 2 0 1 9 V e r s i o n ! 1 . Ma r t h a l e n d s $ 2 0 0 t o a f r i e n d w h o p r o mi s e s t o r e t u r n i t a f t e r a y e a r . I n s t e a d o f l e n d i n g i t t o h e r f r i e n d , Ma r t h a c o u l d h a v e p u t t h e mo n e y i n a b a n k w h e r e s h e c o u l d h a v e e a r n e d a n i n t e r e s t r a t e o f 2 p e r c e n t p e r a n n u m. Ma r t h a ’ s o p p o r t u n i t y c o s t o f l e n d i n g t h e mo n e y i s _ _ _ _ _ .   T h e e x h i b i t g i v e n b e l o w s h o w s t h e s h o r t - r u n a g g r e g a t e d e ma n d a n d s u p p l y c u r v e s i n a n e c o n o my , A D 1   a n d A S 1 , a n d t h e l o n g - r u n a g g r e g a t e s u p p l y c u r v e , L R A S . T h e e c o n o my w a s i n i t i a l l y i n e q u i l i b r i u m w h e n t h e r e w a s a d e c r e a s e i n a g g r e g a t e d e ma n d , c a u s i n g a s h i f t o f t h e a g g r e g a t e d e ma n d c u r v e f r o m A D 1   t o A D 2 .   Wh i c h o f t h e f o l l o w i n g i s t r u e i n t h i s c a s e ? S u p p o s e a n e c o n o my i s i n l o n g - r u n e q u i l i b r i u m. A n i n c r e a s e i n c o n s u mp t i o n e x p e n d i t u r e w i l l : I n t h e l o n g r u n , a h i g h e r s a v i n g r a t e : S u p p o s e t h e n e t f o r e i g n i n v e s t me n t i n I t a l y i s p o s i t i v e . T h i s i mp l i e s t h a t : T h e c i r c u l a r - fl o w d i a g r a m s h o w s t h a t : T h e t a b l e g i v e n b e l o w s h o w s t h e t o t a l a mo u n t o f s p e n d i n g i n t h e c o u n t r y o f Me s o d o n i a . Me s o d o n i a ’ s g r o s s d o me s t i c p r o d u c t i s :   T h e c o u n t r y o f Me r i l y a e x p o r t e d g o o d s a n d s e r v i c e s w o r t h $ 1 . 2 mi l l i o n a n d i mp o r t e d g o o d s a n d s e r v i c e s w o r t h $ 2 . 7 mi l l i o n . T h e n e t e x p o r t s o f t h e c o u n t r y w a s _ _ _ _ _ .   S u p p o s e t h e F e d p u r c h a s e s g o v e r n me n t b o n d s t h r o u g h o p e n - ma r k e t o p e r a t i o n s . A l l o t h e r t h i n g s r e ma i n i n g e q u a l , t h i s i s l i k e l y t o : 2 . 3 . 4 . 5 . 6 . 7 . 8 . 9 .

  2. 1 0 . A r i s e i n t h e p r i c e o f b a c o n f r o m $ 1 4 p e r p o u n d t o $ 1 6 p e r p o u n d w i l l r e d u c e t h e p u r c h a s i n g p o w e r o f t h e d o l l a r b y : 1 1 . A d i ff e r e n c e b e t w e e n c o mmo d i t y mo n e y a n d fi a t mo n e y i s t h a t : 1 2 . S u p p o s e t h e n e t c a p i t a l o u t fl o w f r o m Z e n o v i a i s n e g a t i v e . T h i s i mp l i e s t h a t : 1 3 . T h e r e i s a n i n c r e a s e i n h u ma n c a p i t a l w h e n _ _ _ _ _ . 1 4 . A f t e r r e t i r e me n t , Mo l l y d e p o s i t s $ 5 0 0 , 0 0 0 i n a l o c a l b a n k i n Me r r i n a . A t a n i n t e r e s t r a t e o f 4 p e r c e n t , s h e w i l l r e c e i v e a p p r o x i ma t e l y _ _ _ _ _ a f t e r 3 y e a r s . 1 5 . R u t h w a n t s t o c a l c u l a t e t h e p r e s e n t v a l u e o f a s u m o f mo n e y t h a t s h e w i l l r e c e i v e a f t e r t h e d e mi s e o f h e r g r a n d p a r e n t s . T o c a l c u l a t e t h e p r e s e n t v a l u e , s h e s h o u l d u s e t h e : 1 6 . T h e b u y e r s a n d s e l l e r s i n t h e c o u n t r y o f P e r y l i a u s e c o r n a s a me d i u m o f e x c h a n g e . T h i s me a n s t h a t : 1 7 . S c a r c i t y o c c u r s b e c a u s e o f : 1 8 . T h e P h i l l i p s c u r v e s h o w s : 1 9 . E p h l o n I n c . , a n I t a l i a n b i k e ma n u f a c t u r e r , o p e n s a f a c t o r y i n t h e U n i t e d S t a t e s . T h i s i s a n e x a mp l e o f : 2 0 . J a c k i s a n o u t - o f - w o r k s c u l p t o r . H e h a s b e e n l o o k i n g f o r a j o b f o r t h e l a s t t w o y e a r s . U n a b l e t o fi n d a n y , h e h a s g i v e n u p h i s j o b s e a r c h . Wh i c h o f t h e f o l l o w i n g i s t r u e i n t h i s c a s e ? 2 1 . S u p p o s e t h e c e n t r a l b a n k o f a c o u n t r y u n d e r t a k e s a n e x p a n s i o n a r y mo n e t a r y p o l i c y . Wh i c h o f t h e f o l l o w i n g i s mo s t l i k e l y t o b e t h e e ff e c t o f s u c h a p o l i c y , a l l o t h e r t h i n g s r e ma i n i n g u n c h a n g e d ? 2 2 . F o l l o w i n g t h e u n e x p e c t e d g o o d p e r f o r ma n c e o f L e a t h e x , a l l i t s e mp l o y e e s w e r e g i v e n a o n e - t i me b o n u s . T h i s c o n s e q u e n t l y l e d t o a r i g h t w a r d s h i f t o f t h e d e ma n d c u r v e f o r s h o e s ma n u f a c t u r e d b y t h e c o mp a n y a n d a l e f t w a r d s h i f t o f t h e d e ma n d c u r v e f o r s o c k s . T h i s s h o w s t h a t s h o e s a r e : 2 3 . A h i g h e r i n t e r e s t r a t e i n a c o u n t r y : 2 4 . I f t h e p r i c e l e v e l i n a n e c o n o my i s 1 2 0 a n d t h e e q u i l i b r i u m p r i c e l e v e l i s 1 0 0 , _ _ _ _ _ . 2 5 . A r e c e n t s u r v e y s h o w e d t h e h e a l t h b e n e fi t s o f c r a n b e r r y j u i c e f o r t r e a t i n g h e a r t a n d o t h e r r e s p i r a t o r y d i s o r d e r s . T h e e x h i b i t b e l o w s h o w s t h a t t h e i n i t i a l d e ma n d c u r v e f o r c r a n b e r r y j u i c e = i s D 1 . Wh i c h o f t h e f o l l o w i n g i s l i k e l y t o b e a c o n s e q u e n c e o f t h e p u b l i c a t i o n o f t h e s u r v e y ? 2 6 . K e y n e s i a n e c o n o mi s t s b e l i e v e t h a t w h e n a n e c o n o my i s i n a r e c e s s i o n , t h e g o v e r n me n t s h o u l d : 2 7 . T h e Ma r i o n s p u r c h a s e d a P e r s i a n r u g w o r t h $ 5 , 0 0 0 f r o m a n I r a n i a n t e x t i l e mi l l . E v e r y t h i n g e l s e r e ma i n i n g u n c h a n g e d , t h i s w i l l : 2 8 . A s mo r e c a p i t a l i s u s e d i n t h e p r o d u c t i o n p r o c e s s , t h e a mo u n t o f o t h e r i n p u t s b e i n g fi x e d , t h e p r o d u c t i o n f u n c t i o n b e c o me s : 2 9 . T h e n a t u r a l r a t e o f u n e mp l o y me n t i n a c o u n t r y i s 4 p e r c e n t . T h i s i mp l i e s t h a t : 3 0 . Wh i c h o f t h e f o l l o w i n g i s t r u e a c c o r d i n g t o t h e c i r c u l a r - fl o w d i a g r a m?

  3.   F i n a l E x a m S e t # 2 1 .   S u p p o s e f a r me r s c a n u s e t h e i r l a n d t o g r o w e i t h e r w h e a t o r c o r n . T h e l a w o f s u p p l y p r e d i c t s t h a t a n i n c r e a s e i n t h e ma r k e t p r i c e o f w h e a t w i l l c a u s e : 2 .   A c c o r d i n g t o K e y n e s , ma r k e t e c o n o mi e s : 3 .   I f b a n k s h o l d e x c e s s r e s e r v e s w h e r e a s b e f o r e t h e y d i d n o t , t h e mo n e y mu l t i p l i e r : 4 .   T h e l a w o f d e ma n d s t a t e s t h a t q u a n t i t y d e ma n d e d o f a g o o d i s i n v e r s e l y r e l a t e d t o t h e p r i c e o f t h a t g o o d . T h e r e f o r e , a s t h e p r i c e o f a g o o d g o e s : 5 .   Wh a t w o u l d ma k e f o r e i g n e r s w a n t t o b u y mo r e f r o m t h e U n i t e d S t a t e s ? E C O 3 7 2 We e k 5 I n d i v i d u a l F i n a l E x a mi n a t i o n Click on below link to buy https://tutorfortune.com/products/eco-372-week-5-individual-final-examination

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