ECONOMICS 153E CORE PROF. WOLFE FINAL EXAMINATION 33 QUESTIONS AT 3 POINTS EACH+

Question

ECONOMICS 153E CORE PROF. WOLFE FINAL EXAMINATION 33 QUESTIONS AT 3 POINTS EACH+1 POINT PLEASE CHOOSE THE BEST ANSWER AND CIRCLE THAT ANSWER 50 Minute Time Limit from Start of Examination to Turn In NAME: 1. The unemployment or pull cash out of economy to fight inflation 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++G+X-IM of a change in the aggregate price level is the effect on 3. The consumer spending caused by the effect of a change in the aggregate price level on 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 the in the aggregate price level on the purchasing power of consumers and firms money holdings 4. The effect on consumers A. Interest Rate Effect B. Wealth Overall Effect C. Limited Aggregate Effect D. Overall Aggregate Effect

Explanation / Answer

1) THe answer is A -) Federal Open Market Committee.

Federal open market committe is responsible for open market operations for fed.

2) The answer is D -) C+I+G+X-IM

because GDP from expenditure aproach is calculated by the sum of personal consumption expenditure , investment,government purchase and net exports.

3) The asnwer is B -) Wealth effect.

4) The answer is D-) Overall aggregate effect.

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