AGEC 105 Optional Final Exam
Questions and Answers Graded A+
Consumption expenditures includes: - Correct answer-purchase of airline tickets,
purchase of new automobiles,
purchase of food
ALL OF THE ABOVE
The marginal propensity to save is equal to: - Correct answer-one minus the
marginal propensity to consume
The economy's aggregate supply curve includes: - Correct answer-a classical
range,
a normal range,
a Keynesian or depression range
ALL OF THE ABOVE
An inflationary gap occurs in the economy when: - Correct answer-general
equilibrium output is greater than full employment output
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, As the U.S. dollar appreciates in value, the price of goods expressed in foreign
currency increases resulting in: - Correct answer-a decline in the demand for U.S.
goods by other nations,
a decline in U.S. commodity prices,
a loss of U.S. market share in global export markets
ALL OF THE ABOVE
The functions of money include: - Correct answer-a medium of exchange,
a store of value,
a unit of accounting
ALL OF THE ABOVE
Contractionary monetary policy actions by the federal reserve system include: -
Correct answer-selling government securities to banks and their depositors
the national debt: - Correct answer-is equal to the national debt at the beginning of
the year plus a budget deficit occurring during the current year
Automatic fiscal policy instruments include: - Correct answer-unemployment
compensation
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Questions and Answers Graded A+
Consumption expenditures includes: - Correct answer-purchase of airline tickets,
purchase of new automobiles,
purchase of food
ALL OF THE ABOVE
The marginal propensity to save is equal to: - Correct answer-one minus the
marginal propensity to consume
The economy's aggregate supply curve includes: - Correct answer-a classical
range,
a normal range,
a Keynesian or depression range
ALL OF THE ABOVE
An inflationary gap occurs in the economy when: - Correct answer-general
equilibrium output is greater than full employment output
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, As the U.S. dollar appreciates in value, the price of goods expressed in foreign
currency increases resulting in: - Correct answer-a decline in the demand for U.S.
goods by other nations,
a decline in U.S. commodity prices,
a loss of U.S. market share in global export markets
ALL OF THE ABOVE
The functions of money include: - Correct answer-a medium of exchange,
a store of value,
a unit of accounting
ALL OF THE ABOVE
Contractionary monetary policy actions by the federal reserve system include: -
Correct answer-selling government securities to banks and their depositors
the national debt: - Correct answer-is equal to the national debt at the beginning of
the year plus a budget deficit occurring during the current year
Automatic fiscal policy instruments include: - Correct answer-unemployment
compensation
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
