Unit 2 a

Unit 2 a

11th Grade - University

4 Qs

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Unit 2 a

Unit 2 a

Assessment

Quiz

Social Studies

11th Grade - University

Practice Problem

Medium

Created by

Phillip Hansen

Used 3+ times

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4 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Under which of the following conditions would a restrictive monetary policy be most appropriate?

High inflation

High unemployment

Full employment with stable prices

Low interest rates

A budget deficit

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following will most likely occur in an economy if more money is demanded than is supplied?

The amount of investment spending will increase.

Interest rates will decrease.

Interest rates will increase.

The demand curve for money will shift to the left.

The demand curve for money will shift to the right.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following transactions would represent an addition to a nation’s current gross domestic product?

Ms. Smith purchases a share of stock in an automobile company.

A retailer increases her stock of imported shoes.

The government increases its domestic purchases of food for use by the military.

A corporation sells shoes from last year’s inventory.

A mother sells her car to her daughter.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If a store raises its prices by 20 percent and its total revenue increases by 10 percent, the demand it faces in this price range must be

Inelastic

elastic

unit elastic

perfectly elastic

perfectly inelastic

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