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1022B - Chapter 11

Authored by Phuong Vu

Social Studies

University

Used 4+ times

1022B - Chapter 11
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5 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which components of aggregate expenditure are influenced by real GDP?

Consumption expenditure, investment, and imports

Investment, exports, and imports

Consumption expenditure and imports

Consumption expenditure, government expenditure, investment, and imports

2.

FILL IN THE BLANK QUESTION

2 mins • 1 pt

Media Image

The figure illustrates the components of aggregate planned expenditure on Fish Island. The Island has no imports or exports, no income taxes, and the price level is fixed.

The marginal propensity to consume is:

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Fluctuations in autonomous expenditure bring equal fluctuations in real GDP.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A fall in the price level...

shifts the AD curve rightward and brings a movement up along the AE curve

shifts the AD curve leftward and brings a movement down along the AE curve

shifts the AE curve upward and brings a movement down along the AD curve

shifts the AE curve downward and brings a movement up along the AD curve

5.

FILL IN THE BLANK QUESTION

3 mins • 1 pt

Media Image

The graph shows an economy that has no taxes or imports. AD0 is the aggregate demand curve when investment is​ $1.0 ​ trillion, and AD1 is the aggregate demand curve when investment is​ $1.5 trillion.

What is the size of the multiplier in the short​ run?

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