ECONOMICS 153E CORE PROF. WOLFE EXAM #4 25 QUESTIONS AT 4 POINTS EACH PLEASE CHO

Question

ECONOMICS 153E CORE PROF. WOLFE EXAM #4 25 QUESTIONS AT 4 POINTS EACH PLEASE CHOOSE THE BEST ANSWER AND CIRCLE THAT ANSWER 40 Minute Time Limit from Start of Examination to Turn In NAME: 1. Th unemployment or pull cash out of economy to fight inflation. e decides whether to pump cash into the economy to fight A. Federal Open Market Committee B. Federal Market Research Group C. Federal Funds Research Group D. Federal Funds Oversight Committee 2. GDP- A. C+G+NX B. C-I-G+NX C. C+I-G+NX D. C+I+G+X-IM 3. The of a change in the aggregate price level is the effect on consumer spending caused by the effect of a change in the aggregate price level orn the purchasing power of consumers assets. A. Health Effect B. Wealth Effect C. Stealth Effect D. Interest Effect of a change in the aggregate price level is 4. The the effect on consumer spending and investment spending caused by the effect of a change in the aggregate price level on the purchasing power of consumers and firms money holdings. A. Interest Rate Effect B. Wealth Overall Effect C. Limited Aggregate Effect D. Overall Aggregate Effect

Explanation / Answer

1. A) Federal open market committee

It is a monetary policymaker of Federal Reserve which controls the flow of money in the economy.

2. D) C + I + G + X - IM

GDP = Consumption + Investment + Government expenditure + Exports - Imports

3. B) Wealth Effect

4. A) Interest Rate Effect

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.