UMUC ECON201 HOMEWORK 5 (2015) 2015

*********

Your quiz has **** submitted *************

******* ** Random

Question * 1 / * point

Which ** the ********* represents * Keynesian ***** ** **** ** ****************

** ********* ****** ** *** ******* *********** ** ******** *******

** ******** increases ** aggregate ****** ** reduce unemployment

** ***** ** ********* ****** ** *** ********

** ******** aggregate *******

Question * * / * point

***** ** *** ********* ********** policies ***** be supported ** ************ ************* *************

** ***** on ********* ********** *** cyclical *************

** focus on real GDP *** cyclical *************

** focus ** ********** recession *** controlling **********

** ***** ** long-term ****** and ** *********** **********

******** * * * ******

________________ ********** ***** ** ******** ** ********** *** economic performance

** ********** *****

** ************* long

c) D Says; ******

** Phillips; ******

******** 4 * / * point

At a ************* ***** *** theory ** rational ************ ****** *** **** ** the ______________________ ** ******** **** **** then ****** ****** rationally ****** **** ********

a) GDP

** aggregate ****** ******

** ******** ******

** ********* supply ******

******** 5 * * 1 ******

From a ************ viewpoint government should focus less ****

a) ********* *******

b) ********* *******

** *********** **********

** ******** unemployment

******** 6 * * * ******

In *** ************ **** changes ** ____________________ *** **** have * short-run ****** on output *** on *************

** **** *******

** ********* demand

c) tax *******

** aggregate *******

Question * * * * ******

From a neoclassical **** ***** ** *** ********* ** a **** ***********

** * surge ** aggregate ****** ends ** ** * **** ** output *** does not ******** ***** *******

** Because wages are ******** **** *** ********** ** **** rates ** *************

** ***** ***** will ***** an ************ increase in *** price ** a *** ******

** *** economy ****** ******* ********** ***** its ********* *** ** *** **** ****

******** 8 * * * ******

* ******* ********* ********* ****** (AS) ***** _______________ *** * ******* Keynesian ******** ***** **************

a) ****** ********* ****** *********

** slopes ******* ****** *******

c) ****** ******* slopes downward

** is ********* ** *********

Question 9 * / * ******

* ******** AS curve ***** **** *** ***** ** aggregate supply *** ********* **** will ********* *** real GDP of the ******* ********** ** *** ***** ****

** ********* *******

b) **** *************

** ************ **********

d) ******** *************

******** ** * * 1 ******

** ********* ****** ** ******** **** ********* ****** **** not ********

** ************ ********* that *********** *** **** ** *******

b) *** ****** of inflationary ******* in ***** ******

c) either ***** ** *******

** the ******** ** *******

Question ** * * * point

In *** ************ ***** *** ** ***** ****** ** *** ***** **** **** ************************* *** ********* GDP expands

** ************ **********

b) *** ***** ** real ****** ******

c) *** ************ adjusts **** to **** ****

d) aggregate demand increases

******* ** **********

******** ** 1 * * point

********* to *** ******* ******** the ********* ********* *** increase ** ********* ****** ** *** ********* **** **** ****

a) * 45 ****** supply ***** ***** will **** to ********** *************

** ** ******** ** ****** *** to *** *** it **** **** **** ** ****** increasing

** a 45 ****** ****** ***** which will **** to **********

** an ******** in ****** *** to *** but ** **** **** lead ** * **********

******* ** *******

******** ** * * * ******

********** ** *** ******* ** *** **** run ********************** always *** the ****** of *********** *** economy in *** ***** ****

** ***** ******** *******

b) ************** monetary *******

c) expansionary ******** *******

** reverse quantitative easing *******

******** ** * * ******

**************************** **** ***** ***** ******** ****** ** be considered ***************** ******* ** ***** ** **** for *** ******* bank ** **** when *** policy will **** ********

** ******** *** ******** rate

** **** *** variable time *****

c) ************ easing

** ******* *************

Question ** 1 * 1 ******

***** ** *** ********* ** ********** ** ** a ********** **** **** ** monetary ********

a) quantitative easing

** ******** *** ******** *****

** ******* *************

** ******** *** money *******

******** 16 * * * ******

***** ** the ********* ************ ********** the ******** of ***** in the economy ** *** **** important ******

** Federal Open Market **********

b) ******* ******* Board ** **********

** ** ********** ** the *********

** ******* *****

******** ** * * * ******

If *** ******* ** ** recession **** **** unemployment *** ****** ***** potential *** then __________________ would ***** the economy to ****** ** *** ********* *****

a) * ***** ******** *******

** ***** ******** ******

c) higher interest ******

d) a tight monetary *******

******** ** * * 1 point

Which of *** ********* is * *********** **** used ** *** *** during ************

a) ****** ******** ******

** open ****** ***********

c) ***** *** ***** currency

** quantitative *******

Question ** * * * point

If *** ******** ***** of aggregate ****** ** *** **** ** expansionary ******** ****** **** shifts ********* demand ** *** **** only:

** ****** * ************ **** in price ******

** create an ************ ******** ** price ******

c) ****** ** ******** in *************

** ****** ** ******** ** ****

Question ** * 1 ******

What **** ** **** ** ******** the interest **** ******* ** *** ******* **** when ** makes ***** ** ********** banks?

a) *** *****

** reserve requirement

** **** ****** *****

** discount *****

******* 15 **********

Question 21 * * 1 point

* ******* bank that ******* ** ****** *** ******** of ***** ** *** economy *****

** ***** the reserve requirement

** *** ***** ** **** ****** ***********

** ****** ** ************ *******

** ***** the discount *****

******** ** / * ******

* central bank **** wants ** increase *** quantity of ***** ** *** ******* ******

a) *** ***** in **** ****** ***********

b) ***** the discount *****

c) reverse ************ *******

d) **** ***** ** open ****** ***********

******** ** * * * ******

When ***** hold excess ******** ******* **** *********** *** **** ******* ***************

** ** ********** ******* ************** ******** *******

** ************** monetary policy ** ***********

c) ************ ******** ****** is ***********

** ** ********** ******* expansionary ******** policy

******* ** Problems Monetary *******

******** ** / 1 ******

** *** ******* is at *********** ** shown ** *** diagram ***** **** a ************** monetary policy will

** ******** ************ *** have ****** ****** ** inflation

** have ** ****** ** output but ******** **********

** ******** ************ *** ******** **********

d) increase ****** and ******** **********

******* ** ***** velocity

******** ** * * 1 ******

If *** ** 1800 and *** ***** supply ** *** then **** ** *** **********

** ****

** 8

** ****

** *


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