economics quiz IV

economics quiz IV

12th Grade

30 Qs

quiz-placeholder

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economics quiz IV

economics quiz IV

Assessment

Quiz

Other

12th Grade

Easy

Created by

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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