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eversley-eve
about 7 years ago
Introduction to Macroeconomics
Introduction to Macroeconomics
Increases in tax rates can be described as an aggregate demand shock a) ultimately the effect of such a shock must be neutral because all the money raised in taxation will eventually be spent on productive inputs b) this is an aggregate demand shock which induces a negative movement along the aggregate demand curve c) this is a contradictory demand shock inducing a leftward shift in the aggregate demand curve d) this is a positive aggregate demand shock
0
eversley-eve
about 7 years ago
Introduction to Macroeconomics
Introduction to Macroeconomics
Disposable income is 80 per cent of national income, the marginal propensity to consume (out of the disposable income) is 0.75, and imports are 27 per cent of national income, then the marginal propensity to spend is a) 0.330 b) 0.850 c) 0.220 d) 0.595
0
tonye-anderson
over 5 years ago
Introduction to Macroeconomics
How. Is mixed economy akin to capitalism?
- What really differentiates an economy from an economic system?
1
dikshan
almost 6 years ago
Introduction to Macroeconomics
A flexible exchange rate is one that _______.
- A) is determined by a decision of the government or the central bank and is achieved by central bank intervention in the foreign exchange market to block the unregulated forces of demand and supply
- B. operated in the world economy from the end of World War II to the early 1970s
- C. is determined by demand and supply in the foreign exchange market with no direct intervention by the central bank
- D. follows a path determined by a decision of the government or the central bank and is achieved by central bank intervention in the foreign exchange market
4
tyson-mandela
almost 7 years ago
Introduction to Macroeconomics
Introduction to micro-economics
++Introduction to micro-economics++
- What is the margical rate of substitution? Show that the indifference curve has a negative slope (using diagram)
2
eversley-eve
about 7 years ago
Introduction to Macroeconomics
Introduction to Macroeconomics
Increases in tax rates can be described as an aggregate demand shock a) ultimately the effect of such a shock must be neutral because all the money raised in taxation will eventually be spent on productive inputs b) this is an aggregate demand shock which induces a negative movement along the aggregate demand curve c) this is a contradictory demand shock inducing a leftward shift in the aggregate demand curve d) this is a positive aggregate demand shock
0
eversley-eve
about 7 years ago
Introduction to Macroeconomics
Introduction to Macroeconomics
Increases in tax rates can be described as an aggregate demand shock a) ultimately the effect of such a shock must be neutral because all the money raised in taxation will eventually be spent on productive inputs b) this is an aggregate demand shock which induces a negative movement along the aggregate demand curve c) this is a contradictory demand shock inducing a leftward shift in the aggregate demand curve d) this is a positive aggregate demand shock
0
tonye-anderson
over 5 years ago
Introduction to Macroeconomics
How. Is mixed economy akin to capitalism?
- What really differentiates an economy from an economic system?
1
dikshan
almost 6 years ago
Introduction to Macroeconomics
A flexible exchange rate is one that _______.
- A) is determined by a decision of the government or the central bank and is achieved by central bank intervention in the foreign exchange market to block the unregulated forces of demand and supply
- B. operated in the world economy from the end of World War II to the early 1970s
- C. is determined by demand and supply in the foreign exchange market with no direct intervention by the central bank
- D. follows a path determined by a decision of the government or the central bank and is achieved by central bank intervention in the foreign exchange market
4
rehana-ali
over 7 years ago
Introduction to Macroeconomics
Which of the following appear in the current account?
Which of the following appear in the current account?
a) financial derivatives b) portfolio investment c) goods d) reserve assets
3
rehana-ali
over 7 years ago
Introduction to Macroeconomics
If one Trinidad and Tobago dollar initially buys J$9.00
If one Trinidad and Tobago dollar initially buys J$9.00, which of the following represents a subsequent depreciation of the TT$?
a) TT$1 = J$8.40 b) TT$1 = J$12.00 c) J$1 = TT$0.10 d) TT$1 = J$9.60
2
Introduction to Macroeconomics