National Income and Price Determination

National Income and Price Determination

11th - 12th Grade

12 Qs

quiz-placeholder

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National Income and Price Determination

National Income and Price Determination

Assessment

Quiz

Other

11th - 12th Grade

Hard

Created by

Lilian Puig

Used 3+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Disposable income is income after taxes are paid and government transfers are received.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A consumption function shows how a household’s consumer spending varies with the household’s current disposable income.

True

False

3.

OPEN ENDED QUESTION

30 sec • 1 pt

What MPC stands for?

Evaluate responses using AI:

OFF

4.

OPEN ENDED QUESTION

30 sec • 1 pt

What is MPC?

Evaluate responses using AI:

OFF

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The aggregate consumption function shows the relationship between current disposable income and consumer spending for the economy as a whole

True

False

6.

OPEN ENDED QUESTION

30 sec • 1 pt

What are the two principal causes of shift of the aggregate consumption function?

Evaluate responses using AI:

OFF

7.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Investment projects are more attractive at ____________________.

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