economics quiz IV

Quiz
•
Other
•
12th Grade
•
Easy
Karis Moon
Used 4+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the Keynesian private closed economy aggregate demand is equal to
X - 1 = 0
Ig - S = 0
C + Ig
None of these
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As disposable income decreases, consumption
and savings both increase
and savings both decrease
increases and savings decreases
decreases and savings increases
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Determinants of the consumption/savings relationship would include all but the following
wealth
income
income taxes
inventories
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Generally speaking, the greater the MPS
the greater the consumption
the greater the investment
the greater the increase in GDP
none of these
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the level of GDP increased by $100 billion and the MPC was .5, then aggregate expenditures were
$100 billion
$50 billion
$500 billion
$5 billion
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the marginal propensity to save is .25, then the multiplier will add
4 times to GDP
10 times to GDP
6 times to GDP
none of these to GDP
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the Keynesian economic model, savings must be offset by
consumption at equilibrium
taxes at equilibrium
gross investment at equilibrium
none of these at equilibrium
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