ECO 203 Week 5 Quiz | Assignment Help | Ashford University
- ashford university / ECO 203
- 04 Mar 2020
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ECO 203 Week 5 Quiz | Assignment Help | Ashford University
Question 1
All but which of the
following policies are supply-side?
o
Increased defense spending
o
Reduced spending on social welfare
o
Reduced personal and business taxes
o
Deregulation of selected industries
Question 2
Which of the following
is LEAST affected by the Fed’s changes in money supply and interest rates?
o
The terms of new loans
o
The return on various assets
o
The rate of unemployment
o
The amount of funds available to borrow
Question 3
The Great Recession
occurred in __________.
o
1929–1933
o
1937–1939
o
1953–1955
o
2007–2009
Question 4
If Robert goes to his
local community college and learns to be a welder, there will be an impact on
__________.
o
The aggregate supply curve, because he
will be more productive
o
The aggregate demand curve, because he
will earn and spend more money
o
Neither the aggregate supply nor demand
curve because human capital does not shift either curve
o
Both the aggregate supply curve, because
he will be more productive, and the aggregate demand curve, because he will
earn and spend more money
When economic growth
occurs, society often pays certain costs. Which of the following is the LEAST
likely cost society pays for economic growth?
o
Increase of inflation
o
Loss of environmental quality
o
A smaller labor force
o
A forfeiture of leisure time
Question 6
If the government is
running a deficit, and an increase in government spending is financed by higher
taxes, __________.
o
The government will have to print more
money or government bonds
o
The government will borrow less than it
would if taxes were unchanged
o
It is more inflationary than if it is
financed with money creation
o
It will not be necessary for the government
to borrow
Question 7
To what are changes in
employment and unemployment MOST closely linked?
o
Changes in real output
o
Rising bond prices
o
High rates of inflation
o
Government taxes
Question 8
A Keynesian economist
would MOST likely argue that there is a stable relationship between __________
and __________.
o
Real disposable income; real consumption
o
The money supply; an increase in real
income
o
The money supply; real consumption
o
Real disposable income; a decrease in
real output
Question 9
Dr. Louise Atwater is
an economist who believes that market imperfections are large and, as a result,
short run can be very long. To which school of thought does Dr. Atwater most
likely belong?
o
Classical
o
Keynesian
o
Monetarist
o
New classical
Question 10
When aggregate demand
increases, firms with market power—like Walmart—are MOST likely to raise
__________.
o
Prices
o
Output
o
Wages
o
Sales tax
USA 
India