Macro Economics Ch 10,11,12,13 (Test 3)

Macro Economics Ch 10,11,12,13 (Test 3)

THIS SHOWS THE ANSWERS I PICKED AND THE CORRECT ANSWER I MADE AN A.

MAKE SURE YOU CHOSE THE CORRECT ANSWER NOT THE SELECTED ANSWER!!!!
I HOPE THIS HELPS YOU OUT THERE
(JUNE-2013)

Question 1 .1 out of 1 points
 
If the price level rises,Answer  
Selected Answer:   e.  
the aggregate expenditures line shifts downward; the economy moves upward along the aggregate demand curve
Correct Answer:   e.  
the aggregate expenditures line shifts downward; the economy moves upward along the aggregate demand curve

. Question 2 .1 out of 1 points
 
If autonomous investment expenditures decline because of higher interest ratesAnswer  
Selected Answer:   d.  
aggregate demand increases
Correct Answer:   d.  
aggregate demand increases

. Question 3 .1 out of 1 points
 
In an economy without a government and without international transactions, aggregate expenditure at each level of income is equal toAnswer  
Selected Answer:   c.  
consumption plus planned investment
Correct Answer:   c.  
consumption plus planned investment

. Question 4 .1 out of 1 points
 
A decrease in the price level will have which of the following effects?Answer  
Selected Answer:   d.  
There will be downward movement along a particular aggregate demand curve.
Correct Answer:   d.  
There will be downward movement along a particular aggregate demand curve.

. Question 5 .1 out of 1 points
 
If people spend 2/3 of any extra income they receive, new autonomous spending of $10 causes equilibrium to increase byAnswer  
Selected Answer:   a.  
$30.00
Correct Answer:   a.  
$30.00

. Question 6 .1 out of 1 points
 
If the marginal propensity to consume in your classmate's nation is 3/5 and the marginal propensity to save in your country is 1/10, which of the following must be true?Answer  
Selected Answer:   b.  
The spending multiplier is smaller in your classmate's nation than in your country.
Correct Answer:   b.  
The spending multiplier is...

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