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Aggregate Demand Quiz 8 (25 MCQs)

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1. The MPC and MPS are equal to each other because:
2. How much is MPS in an economy when MPC is .8?
3. Level of federal borrowing makes it more difficult for private businesses to borrow.
4. The multiplier is useful in determining:
5. The Aggregate demand curve shows the
6. What is on the "Y" axis on an AD/AS Model?
7. Real output means the same thing as the following terms except for _____
8. Illustrate the effect of the following on LRAS diagrams.A rise in interest rates
9. Which factor increases saving?
10. Which of the following would NOT cause a shift in AD?
11. If C = 450 & Y = 1000, the APC will be
12. Consumption function is a functional relationship between:
13. If investment increases from 400 to 550 and income increases from 900 to 1650, the MPS should be equal to:
14. In an average capitalist economy, how much of AD does (X-M) account for?
15. Keynes theory of GDP determination is based on the assumption of
16. Which components of GDP are also components of aggregate demand?
17. Which of the following would likely cause the short-run aggregate supply curve to shift to the left?
18. GDP expressed in constant, or unchanging, (adjusted for inflation) prices is called
19. Spending Multiplier =
20. What is the equation for aggregate demand?
21. 'The total amount of real output that consumers, firms, gov. and foreigners want to buy _____ '..
22. Unemployment is high and GDP is declining. To improve conditions, the government increases spending by $ 5B. If the MPC is .75, by how much will GDP rise?
23. All of the following would increase consumption EXCEPT
24. How do you calculate the multiplier?
25. Ceteris paribus, what will happen to net exports when the real exchange rate decreases?
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