ECO 372 Final Exam (Latest) - Assignment - PowerPoint PPT Presentation

Loading...

PPT – ECO 372 Final Exam (Latest) - Assignment PowerPoint presentation | free to download - id: 7da63b-MjhhY



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

ECO 372 Final Exam (Latest) - Assignment

Description:

There is also an added advantage to the ECO 372 Final Exam Latest 30 Questions With Answers. We have prepared an exclusive section for the students, which contain answers to some of the questions as examples. – PowerPoint PPT presentation

Number of Views:16

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: ECO 372 Final Exam (Latest) - Assignment


1
ECO 372 Final Exam
By www.StudentWhiz.com
Copyright. All Rights Reserved by
www.StudentWhiz.com
2
  • 1. News Story Workers at a car-manufacturing
    plant in Flint, Michigan are laid off because the
    economy is weak and GM cars aren't selling well.
    GM isn't sure when the plant will reopen. What
    type of unemployment describes the workers'
    situation?
  • Frictional unemployment
  • Structural unemployment
  • Full unemployment
  • Cyclical unemployment
  • 2. Globalization that allows governments to
    pursue expansionary policies can be dangerous
    because it can lead to
  • A reduction in the debt ceiling
  • Goods price inflation
  • Asset price inflation
  • Goods price deflation
  • Find the final exam answers here ECO 372 Final
    Exam

Copyright. All Rights Reserved by
www.StudentWhiz.com
3
  • 3. Macroeconomics is
  • The study of aggregate economic relationships.
  • An analysis of economic reality that proceeds
    from the parts to the whole.
  • The study of pricing policies of firms and the
    purchasing decisions of households.
  • The study of individual choice and how that
    choice is influenced by economic forces.
  • 4. Which of the following types of unemployment
    is considered to be the most controllable through
    demand-side macroeconomic policy?
  • Frictional unemployment
  • Cyclical unemployment
  • Structural unemployment
  • Natural unemployment
  • To download the complete paper click ECO 372
    Entire Course and Final Exam

Copyright. All Rights Reserved by
www.StudentWhiz.com
4
  • 5. If banks hold excess reserves whereas before
    they did not, the money multiplier
  • Will become smaller
  • Will become larger
  • Might increase or might decrease
  • Will be unaffected
  •  
  • 6. Using the expenditure approach, gross domestic
    product equals
  • The sum of consumption, investment, government
    purchases, and net exports
  • Gross national product minus net exports
  • The sum of consumption, investment, and
    government purchases
  • Gross national product
  •  
  • Final Exam Answers just a click away ECO 372
    Final Exam Questions and Answers

Copyright. All Rights Reserved by
www.StudentWhiz.com
5
  • 7. How do investment in technology and investment
    in capital differ?
  • They have similar effects on output so they have
    no important differences from an economic point
    of view.
  • They have the same effects on output but
    investments in technology are much more closely
    tied to the level of saving than investments in
    capital.
  • They have different effects on output because of
    the positive externalities associated with
    investments in capital.
  • They have different effects on output because of
    the positive externalities associate with
    investments in technology.
  •  
  • 8. The interest rate is the price paid for use of
    a
  • Real asset.
  • Financial liability.
  • Financial asset.
  • Real liability.
  •  
  • Complete paper here ECO 372 Week 1 Complete

Copyright. All Rights Reserved by
www.StudentWhiz.com
6
  • 9. If the reserve requirement is 20 percent, and
    banks keep no excess reserves, an increase in an
    initial inflow of 100 into the banking system
    will cause an increase in the money supply of
  • 50
  • 100
  • 500
  • 20
  •  
  • Want help? Click to download ECO 372 Week 2
    Fundamentals of Macroeconomics Paper
  •  
  • 10. Suppose farmers can use their land to grown
    either wheat or corn. The law of supply predicts
    that an increase in the market price of wheat
    will cause
  • Farmers to substitute wheat for the production of
    corn.
  • Farmers to raise the production of corn and
    wheat.
  • Farmers to lower the production of corn and
    wheat.
  • Farmers to substitute corn for the production of
    wheat.

Copyright. All Rights Reserved by
www.StudentWhiz.com
7
  • 11. According to Keynes, why might deflation
    create problems for an economy?
  • In expectation of increased spending, too many
    entrepreneurs would begin businesses and most
    would fail.
  • The cost of repricing goods would increase costs,
    and therefore reduce profits, for businesses and
    they would cut production.
  • People would drop out of unions because unions
    would become ineffective at keeping wages of
    members high.
  • Consumers might expect prices to fall further and
    cut back consumption now.
  •  
  • 12. When interest rates rise, people are
  • More likely to borrow, that is, purchase a
    financial asset.
  • More likely to borrow, that is, sell a financial
    asset.
  • Less likely to borrow, that is, sell a financial
    asset.
  • Less likely to borrow, that is, purchase a
    financial asset.
  •  
  • Download for answers ECO 372 Final Exam Solution

Copyright. All Rights Reserved by
www.StudentWhiz.com
8
  • 13. According to the Classical growth model, an
    economy that increases its saving will grow
  • Quickly since the increase in saving will permit
    greater investment.
  • Quickly since the increase in saving will permit
    more rapid technological progress.
  • Slowly because interest rates will fall, causing
    investment to decline.
  • Slowly because consumption and aggregate demand
    will be reduced.
  •  
  • 14. Suppose that consumer spending is expected to
    decrease in the near future. If output is at
    potential output, which of the following policies
    is most appropriate according to the AS/AD model?
  • A reduction in government spending
  • An increase in taxes
  • An increase in government spending
  • No change in taxes or government spending
  •  
  • Want to download the Complete Assignment..??
    Click Homework Help for ECO 372

Copyright. All Rights Reserved by
www.StudentWhiz.com
9
  • 15. Which of the following topics is best
    characterized as a macroeconomic issue?
  • The effect of a drought on the price of corn
  • The decision by Apple to produce fewer Macintosh
    computers
  • The effect of an increase in federal spending on
    the unemployment rate
  • The choice a student makes in selecting college
    course
  •  
  • 16. If income increases more rapidly than
    expected, then
  • Estimates of the target rate of employment are
    likely to increase.
  • The budget is less likely to be in surplus.
  • Tax revenues will be lower than expected.
  • Spending on income-support programs will likely
    be lower than expected.
  •  
  • Download now ECO 372 Week 3 DQ 1 (3 Responses)

Copyright. All Rights Reserved by
www.StudentWhiz.com
10
  • 17. In which of the following situations is a
    budget surplus most likely to occur?
  • When fiscal policy is contractionary and the
    economy is expanding
  • When fiscal policy is expansionary and the
    economy is contracting
  • When fiscal policy is expansionary
  • When the economy is contracting
  •  
  • 18. The largest expenditure component of GDP is
  • Government spending
  • Net exports
  • Investment
  • Consumption
  •  
  • To download the complete paper click University
    of Phoenix ECO 372 Final Exam Guide

Copyright. All Rights Reserved by
www.StudentWhiz.com
11
  • 19. Which of the following is the path through
    which contractionary monetary policy works?
  • Money down implies interest rate up implies
    investment up implies income down.
  • Money down implies interest rate down implies
    investment down implies income down.
  • Money down implies interest rate up implies
    investment down implies income down.
  • Money down implies interest rate down implies
    investment up implies income down.
  •  

Copyright. All Rights Reserved by
www.StudentWhiz.com
12
  • 20. As a country develops economically, what
    changes usually take place in the goods it
    exports?
  • There is little change because comparative
    advantage does not change.
  • Exports go from being diversified to being
    specialized in whatever the country finds to its
    comparative advantage.
  • Services and manufactured goods decline in
    importance and are replaced by raw materials and
    agricultural products.
  • Raw materials and agricultural products decline
    in importance and are replaced by services and
    manufactured goods.
  •  
  • Complete paper here ECO 372 Week 3 Complete
  •  
  • 21. What would make foreigners want to buy more
    from the United States?
  • Higher tariffs
  • Higher interest rates in the United States
  • Inflation in the United States
  • A fall in the value of the dollar in the foreign
    exchange market

Copyright. All Rights Reserved by
www.StudentWhiz.com
13
  • 22. The depreciation of currency will
  • Balance a trade surplus.
  • Have no impact on a country's comparative
    advantage.
  • Worsen a country's comparative advantage.
  • Improve a country's comparative advantage.
  •  
  • 23. The government of Crossland wants to
    influence its exchange rate. It will do so by
    buying and selling
  • Currencies in its official reserves
  • Commodities
  • Goods and services from the current account
  • Transfers
  •  
  • To download the complete answer check ECO 372
    Week 4 Complete

Copyright. All Rights Reserved by
www.StudentWhiz.com
14
  • 24. If a country wants to prevent its exchange
    rates from falling, it could
  • Place restrictions on imports
  • Pursue easier monetary policy
  • Remove any subsidies on exports
  • Remove restrictions on imports
  •  
  • 25. Central banks are responsible for
  • Both monetary policy and fiscal policy
  • Monetary policy but not fiscal policy
  • Neither monetary policy nor fiscal policy
  • Fiscal policy but not monetary policy
  • Want more details? Download now ECO 372 Week 4
    Federal Reserve Presentation

Copyright. All Rights Reserved by
www.StudentWhiz.com
15
  • 26. Quotas and tariffs can
  • Never have the same effect on imports and import
    prices.
  • Have the same effect on the price of domestically
    produced goods if they are set appropriately.
  • Yield the same amount of tax revenue if they are
    set appropriately.
  • Both increase international trade by the same
    amount if set appropriately.
  •  
  • 27. Between 2007 and 2009, the U.S. unemployment
    rate rose from under 5 percent to over 8 percent.
    A Keynesian economist would most likely blame
    this increase in unemployment on
  • An increase in the minimum wage.
  • An increase in the bargaining power of labor
    unions.
  • A decline in the level of aggregate demand.
  • A decline in aggregate supply.
  •  
  • Download Complete Answers ECO 372 Week 5 Complete

Copyright. All Rights Reserved by
www.StudentWhiz.com
16
  • 28. U.S. imports involve an
  • Inflow of foreign currency from foreigners to the
    U.S. economy
  • Inflow of dollars from foreigners to the United
    States economy
  • Outflow of foreign currency from the United
    States to foreigners
  • Outflow of dollars from the United States to
    foreigners
  •  
  • 29. The law of demand states that quantity
    demanded of a good is inversely related to the
    price of that good. Therefore, as the price of a
    good goes
  • Up, the quantity demanded goes down.
  • Down, the quantity demanded stays the same.
  • Up, the quantity demanded also goes up.
  • Down, the quantity demanded goes down.
  •  
  • Want to see the complete Individual Assignment
    Check..?? Click ECO 372 Final Exam UOP

Copyright. All Rights Reserved by
www.StudentWhiz.com
17
  • 30. According to Keynes, market economies
  • Never experience significant declines in
    aggregate demand.
  • Are constantly experiencing significant declines
    in aggregate demand.
  • May recover slowly after they experience a
    significant decline in aggregate demand.
  • Quickly recover after they experience a
    significant decline in aggregate demand.
  •  
  • About Author
  •  
  • This article covers the topic for the University
    Of Phoenix ECO 372 Final Exam. The author is
    working in the field of education from last 5
    years. This article covers the basic of ECO 372
    Final Exam Assignment from UOP. Other topics in
    the class are as follows

Copyright. All Rights Reserved by
www.StudentWhiz.com
18
ECO 372 Week 1 DQ1 (3 Responses) ECO 372 Week 1
DQ 2 (3 Responses) ECO 372 Week 1 DQ 3 (3
Responses) ECO 372 Week 1 Complete ECO 372 Week 2
DQ 1 (3 Responses) ECO 372 Week 2 DQ 2 (3
Responses) ECO 372 Week 2 DQ 3 (3 Responses) ECO
372 Week 2 Fundamentals of Macroeconomics
Paper ECO 372 Week 2 Economic Forecasting
Paper ECO 372 Week 2 Complete ECO 372 Week 3 DQ 1
(3 Responses) ECO 372 Week 3 DQ 2 (3
Responses) ECO 372 Week 3 DQ 3 (3 Responses) ECO
372 Week 3 Aggregate Demand and Supply Models ECO
372 Week 3 Learning Team Weekly Reflection ECO
372 Week 3 Complete
Copyright. All Rights Reserved by
www.StudentWhiz.com
19
ECO 372 Week 4 DQ 1 (3 Responses) ECO 372 Week 4
DQ 2 (3 Responses) ECO 372 Week 4 DQ 3 (3
Responses) ECO 372 Week 4 Learning Team
Reflection ECO 372 Week 4 Federal Reserve
Presentation ECO 372 Week 4 Complete ECO 372 Week
5 DQ 1 (3 Responses) ECO 372 Week 5 DQ 2 (3
Responses) ECO 372 Week 5 DQ 3 (3 Responses) ECO
372 Week 5 International Trade and Finance
Speech ECO 372 Week 5 Fiscal Policy Paper ECO 372
Week 5 Complete ECO 372 Final Exam       Want to
check other classes..?? Visit www.StudentWhiz.com/
Copyright. All Rights Reserved by
www.StudentWhiz.com
About PowerShow.com