ECO 302 All Assignments

ECO 302 Week 2 Quiz Click Below Link To Purchase www.foxtutor.com/product/eco-302-week-2-quiz ECO 302 Week 2 Quiz Strayer • Question 1 5 out of 5 points When GDP is expanding toward a high point it is called a[n]: Answer • Question 2 5 out of 5 points A trough in an economy is when the economy: Answer • Question 3 5 out of 5 points When real GDP falls toward a low point or trough it is called a[n]: Answer • Question 4 5 out of 5 points In a macroeconomic model, the term disequilibrium refers to Answer • Question 5 5 out of 5 points When a country follows a gold standard, Answer • Question 6 5 out of 5 points In a macroeconomic model with perfect competition, Answer • Question 7 5 out of 5 points The dollar price paid to use capital is known as: Answer • Question 8 0 out of 5 points An economic recession ends when Answer • Question 9 5 out of 5 points A price taker: Answer • Question 10 0 out of 5 points In a macroeconomic model, the term disequilibrium refers to Answer • Question 11 5 out of 5 points Macroeconomics deals with: Answer • Question 12 0 out of 5 points An economic expansion ends when the economy Answer ECO 302 Week 2 Quiz 2 Click Below Link To Purchase www.foxtutor.com/product/eco-302-week-2-quiz-2 ECO 302 Week 2 Quiz 2 Strayer Review Test Submission: Week 2 Quiz • Question 1 5 out of 5 points In a macroeconomic model with perfect competition, Answer • Question 2 5 out of 5 points When real GDP falls toward a low point or trough it is called a[n]: Answer • Question 3 5 out of 5 points A peak in an economy is when the economy: Answer • Question 4 5 out of 5 points Macroeconomics uses microeconomic models Answer • Question 5 5 out of 5 points A price taker: Answer • Question 6 5 out of 5 points An exchange rate reflects Answer • Question 7 5 out of 5 points The price of labor is the: Answer • Question 8 5 out of 5 points An equilibrium price in a microeconomic model Answer • Question 9 5 out of 5 points When a country follows a gold standard, Answer • Question 10 5 out of 5 points In the past twenty-five years, the U.S. Federal Reserve mostly has pursued a policy of Answer • Question 11 5 out of 5 points A variable taken as given in a model is a[n] Answer • Question 12 5 out of 5 points A trough in an economy is when the economy: Answer ECO 302 Week 3 Quiz Click Below Link To Purchase www.foxtutor.com/product/eco-302-week-3-quiz ECO 302 Week 3 Quiz Strayer Question 1 0 out of 5 points If nominal GDP is 300 and the implicit price level is 0.75, then real GDP Answer Question 2 5 out of 5 points The consumer price index (CPI): Answer Question 3 5 out of 5 points If real GDP is 120 and nominal GDP is 180, then the implicit price level is: Answer Question 4 5 out of 5 points If real GDP equals 400 and the implicit price level is 1.25, then nominal GDP Answer Question 5 5 out of 5 points The consumer price index is constructed from: Answer Question 6 5 out of 5 points Net national product (NNP) is gross national product (GNP): Answer Question 7 5 out of 5 points When the quality of a product changes over time, real GDP Answer Question 8 5 out of 5 points The chain-weighted measure of GDP Answer Question 9 5 out of 5 points Seasonal adjustment to macroeconomic data corrects mostly for Answer Question 10 5 out of 5 points A pottery shop buys clay and other materials for $20. Workers use the materials to make 5 bowls that are sold for $250 total. The value added by the pottery shop equals Answer Question 11 5 out of 5 points Disposable personal income is personal income: Answer Question 12 5 out of 5 points Personal income is national income: Answer Question 13 5 out of 5 points If there are 120 machines in an economy and the depreciation rate is 5% per year, then: Answer Question 14 0 out of 5 points In the production function Y = A • F(K,L), Y is: Answer Question 15 5 out of 5 points Economists use the term poverty to identify people who Answer Question 16 0 out of 5 points Data from recent decades show that economic growth led to Answer Question 17 0 out of 5 points The Solow growth model assumes unemployment is: Answer Question 18 5 out of 5 points The marginal product of labor is: Answer Question 19 5 out of 5 points If a country has a population of 300 million and a labor force of 200 million, then its labor force participation rate is: Answer Question 20 0 out of 5 points For the production function Y = A • F(K,L) constant returns to scale means: Answer Question 21 5 out of 5 points In a closed economy with no government sector, the change in the capital stock is equal to: Answer Question 22 0 out of 5 points Data from recent decades show that economic growth led to Answer Question 23 0 out of 5 points In the steady state for the Solow growth model, the saving per worker Answer Question 24 5 out of 5 points A bakery with a production function exhibiting constant returns to scale has 2 mixers and 4 workers, who produce 10 cakes per day. If the bakery owner adds 2 more mixers and 4 more workers, then production would most likely Answer ECO 302 Week 7 Quiz Click Below Link To Purchase www.foxtutor.com/product/eco-302-week-7-quiz ECO 302 Week 7 Quiz Strayers Question 1 5 out of 5 points If Alicia transfers $100 from her savings deposit account to her checkable deposit account, then M1 Answer Question 2 5 out of 5 points The general equilibrium in the Barro model assumes that prices are Answer Question 3 5 out of 5 points If a person’s income doubles we expect their cash holding to: Answer Question 4 5 out of 5 points A monetary aggregate is: Answer Question 5 5 out of 5 points If James performs one hour of house cleaning for Lilly in exchange for Lilly performing one hour of yardwork for James, then the exchange involved Answer Question 6 5 out of 5 points The point where money supplied equals money demanded determines Answer Question 7 5 out of 5 points When households reduce their average money balances, they Answer Question 8 5 out of 5 points US M2 money includes: Answer Question 9 5 out of 5 points If policy makers target a specific price level, then: Answer Question 10 0 out of 5 points Money demand and the money supply are brought into equilibrium by: Answer Question 11 5 out of 5 points Money is different from other assets like capital and bonds in that: Answer Question 12 5 out of 5 points The neutrality of money implies: Answer Question 13 5 out of 5 points The growth rate of real money balances is: Answer Question 14 0 out of 5 points Deflation is Answer Question 15 5 out of 5 points If the nominal interest rate is 5% and the expected inflation rate is 2%, then the expected real rate of interest is: Answer Question 16 0 out of 5 points In a model with a nonzero rate of inflation, real money demanded depends on Answer Question 17 5 out of 5 points When the real interest rate, r, can differ from the nominal interest rate, i, then: Answer Question 18 0 out of 5 points The expected rate of inflation is: Answer Question 19 5 out of 5 points If the price level last year was 110 and this year is 118, then the inflation rate between last period and this period was: Answer Question 20 5 out of 5 points If the price level last year was 106 and this year is 102, then the inflation rate between last period and this period was: Answer Question 21 5 out of 5 points If the nominal interest rate is 2% and the actual inflation rate is 5%, then the actual real rate of interest is: Answer Question 22 5 out of 5 points If the inflation rate equals 5% and the total real rate of return from owning capital equals 2%, then the Answer Question 23 5 out of 5 points If the price level last year was 135 and this year is 142, then the inflation rate between last period and this period was: Answer Question 24 5 out of 5 points The Livingston survey Answer ECO 302 Week 8 Quiz Click Below Link To Purchase www.foxtutor.com/product/eco-302-week-8-quiz ECO 302 Week 8 Quiz Strayer Question 1 5 out of 5 points If a household’s transfer payments less taxes is positive, then the government: Answer Question 2 5 out of 5 points In the market clearing model without government borrowing, the net effect of government on households is an increase in funds of: Answer Question 3 0 out of 5 points U.S. data show that the ratio of Social Security, Medicare and state and local Medicaid payments to GDP is Answer Question 4 0 out of 5 points One difference between a permanent and temporary increase in government purchases is that with a temporary increase, Answer Question 5 0 out of 5 points The fastest growing part of the federal government budget since WWII is: Answer Question 6 5 out of 5 points One empirical prediction from the model which includes government purchases is that Answer Question 7 0 out of 5 points Suppose real government purchases equal $800 billion and real government transfers equal $100 billion. If the nominal quantity of money is constant, then real tax revenues must Answer Question 8 5 out of 5 points At the federal level, the largest expansions in transfer payments have been from increases in Answer Question 9 5 out of 5 points If a household’s real taxes increase by one unit, then Answer Question 10 5 out of 5 points With a temporary change in government purchases the model predicts investment is: Answer Question 11 5 out of 5 points Real disposable income for a household equals Answer Question 12 0 out of 5 points Adding government to the Barro model affects the household budget constraint by Answer Question 13 5 out of 5 points A decrease in the marginal tax rate on labor income will shift the Answer Question 14 0 out of 5 points If government purchases are constant, then an increase in the marginal income tax rate,w, leads to: Answer Question 15 0 out of 5 points If there is an decrease in government purchases along with a decrease in the marginal tax rate on labor income, then: Answer Question 16 5 out of 5 points Since World War II, state and local government revenues have been a Answer Question 17 5 out of 5 points The average income tax rate is: Answer Question 18 0 out of 5 points The single largest source of federal government revenue from those listed below is Answer Question 19 5 out of 5 points The U.S. federal income-tax structure is designed so that Answer Question 20 5 out of 5 points Data on U.S individual income taxes shows that the income tax Answer Question 21 0 out of 5 points If the real marginal tax rate, w, increases in the market clearing model then: Answer Question 22 0 out of 5 points The U.S. Social Security contribution or tax on individuals has a marginal tax rate which equals the average tax rate. This makes it Answer Question 23 5 out of 5 points In the long run an increase in the marginal tax rate on asset income, r, in the market clearing model: Answer Question 24 0 out of 5 points An increase in government purchases financed by an increase in the marginal tax rate on labor income, increases the quantity of labor supplied, if the: Answer ECO 302 Week 9 Quiz Click Below Link To Purchase www.foxtutor.com/product/eco-302-week-9-quiz ECO 302 Week 9 Quiz Strayer Question 1 5 out of 5 points If the government reduces taxes by $1 this year without raising taxes or printing more money, then Answer Question 2 5 out of 5 points The major peaks in the ratio of public debt to GDP in the U.S. reflect Answer Question 3 5 out of 5 points If households ignore effects on future generations, a pay as you go social security system: Answer Question 4 5 out of 5 points Households may feel wealthier due to a tax cut, if: Answer Question 5 5 out of 5 points The governments uses of funds include: Answer Question 6 5 out of 5 points The governments sources of funds include: Answer Question 7 5 out of 5 points If the time path of government purchases does not change and the government cuts current assets income taxes, then: Answer Question 8 5 out of 5 points If the time path of government purchases does not change and the government cuts current labor income taxes, then: Answer Question 9 5 out of 5 points In a business cycle recession, the debt-to-GDP ratio typically Answer Question 10 5 out of 5 points If currently alive households take full account of the negative affects of a pay as you go social security system on their descendants, then the: Answer Question 11 5 out of 5 points An open-market operation in which the Federal Reserve purchases bonds will Answer Question 12 0 out of 5 points In a business cycle recession, the debt-to-GDP ratio typically Answer Question 13 5 out of 5 points In the price-misperceptions model, a rise in the nominal wage rate makes the supply curve of labor, in the short run, Answer Question 14 5 out of 5 points In the price-misperceptions model, an increase in the price level in the long-run Answer Question 15 0 out of 5 points If the nominal wage is $10 per hour and the expected price level is 5 and the actual price level is 4, then: Answer Question 16 5 out of 5 points In the price-misperceptions model, market prices of goods, wage rates, and rental prices Answer Question 17 0 out of 5 points In the price-misperceptions model, an increase in the price level will, in the short run, Answer Question 18 5 out of 5 points A monetary policy rule is when the monetary authority: Answer Question 19 0 out of 5 points In the price-misperceptions model, an increase in the price level in the short run, Answer Question 20 0 out of 5 points Monetary policy can affect real variables in the short run if monetary policy: Answer Question 21 0 out of 5 points In the price-misperceptions model, a rise in the real wage rate makes the demand curve for labor, in the short run, to Answer Question 22 0 out of 5 points One reason for preferring a rule for monetary policy is that a rule Answer Question 23 0 out of 5 points If the nominal wage is $10 per hour and the expected price level is 2 and the actual price level is 4, then: Answer Question 24 5 out of 5 points An increase in the money supply: Answer Q