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*********
******* ** *******
******** **
* ******************************** is ********** as * **** ********** ** ****** ****** regardless ** ***** ** *******
** proportional ****
** *********** ****
** ********** ****
** estate *** **** ****
******** **
When ********** *** prices cause ********* ****** ** shift ** the **** ******
** unemployment and inflation increase
** ************ *** ********* decrease
c) ************ decreases *** ********* increases
** ************ ********* *** inflation **********
******** **
If ***** ************ ******** ******* a ****** surplus ** 2011 **** state government ********
** ********* *** proportional *** level
** ********* the ********* income *** rate
** ******** **** in ***** **** ** spent ** **** *****
** ********* ******** and taxes ** **** *****
Question **
** * *************** *** ********* *** *** **** ********* ****** **** **** then *** *************** **** ** GDP ratio *** the **** will _______________ ** ********** ** *** magnitude ** the ********
** ******** ******* *** debt decreased
** ******** or decrease
** *********
** ******** ******* GDP increased
******** **
* ************************** policy **** ***** a ******* ***** ** ****** ** ** collected **** those **** high incomes **** **** ***** **** ***** ********
** ********** ****
** ****** ****
** ************ ****
d) progressive ****
******** **
By **** **** *** ** ********** **** **** trillion ******* **************** **** **** **** *** ******** unpaid
** **** ********* ** corporate ****
** ** accumulated government *****
c) **** decreases in ****** ****
** **** ********* ** ****** tax
******** **
In **** ********* **** pay ********* income *** ** the ******* government ***** ** the ************* *******************
** ****** profits
b) proportional tax *****
** optional *** *****
** corporate profits
******** **
**** the government passes a *** *** **** ********** ******* ******* *** or ******** ****** ** is **********
a) ****** *******
** progressive fiscal *******
** regressive ****** *******
** ************* fiscal *******
******** **
During a ********* if * ********** uses ** ************ ****** ****** ** increase *** *****
** ********* supply ***** **** ***** ** *** left
b) ********* supply curve **** ***** ** the ******
** ********* ****** ***** **** ***** ** the ******
** ********* ****** curve **** ***** to *** *****
Chapter ** *********
Question 10
* ********** ******** **** ******* ******** in *** ******* **** **** ** ********* $130 ******* ** ******** ******** **** ** **** *** ** *** *********** **** **** ********** of annual *** ******* is ********* ** **** ***** ******** **********
** ******
b) ******
c) ******
d) 1857%
******** 11
** *** ***** ** **************** ********** ******** $75 ******* in *** ******** ** **** *** ***** ******** in *** **** year ** **** ******* the ****** will ** a:
** ****** ********
** decrease ** proportional taxes
c) ******** in ******* ****
** ****** ********
******** 12
** government *** policy ******** **** ** *** $25000 ** taxes ** ****** income ** ******* *** **** to *** ****** ** *** ** ****** income ** ******* **** *** *** ****** is:
** regressive
** *********
** ************
** proportional
******* ** Random **********
******** ***
* ___________________________________ *** lead to ********** economic patterns *** ***** ******* on * *************** banking *** ********* *******
a) prolonged period ** ***** **********
** ********* ****** of budget **********
c) ********* ******* of ***** ****** deficits
** ********* pattern ** ***** trade *********
******** 14
** *** ** ******* *** ********** ******* ** ******* ****** ******** ** ********** borrowing *** typically noted ** ***** *********** ** ***** ** *** ********* ********
** **** less **** one-to-one
** ******** **** **** ***********
** **** **** **** two-to-one
d) ******** **** than ***********
******** ***
An ********** ********** ** ***** ******* ********** for the ********** ******* ** *** world **** ****** ******** ******** ***** ** *** ***********
a) consumer ********** spin-offs
** increased levels ** ******* *********
** ****** ********* teachers
** ************ *** economic *******
Question ***
A reduction in ********** borrowing *****
** give ******* investment an opportunity ** expand
b) crowd *** private ********** in ***** capital
** increase *** interest rate
** decrease *** ********* ** *******
Question ***
** **** developed countries *** government ***** a ***** **** ** *************** ********** ** human ******* ******* **************************
a) *** education *******
** *** ***********
** ****** spending
** ******* ****** ********
******** 18
**** * business firm ***** ** ********** in physical ******* what ** that investment subject ****
** ********* ********** ***********
** ******** ****** *** productivity
** the ********** ** *** *******
d) ***** *** ***** government incentives
******** ***
* **************************** is one economic ********* ** ***** government ********* can crowd *** ******* ***********
** ****** ******** *****
** deficit *********
** larger ***** surplus
** smaller trade ********
Question 20
If David ************* ****** holds completely **** **** any ****** ** budget deficits ** ****** ********* ***** be ********** ****** ** ***** of *** following?
** * ************* ****** in private *******
** * ********* ******* of ***** ***********
c) a ********** ** inflows ** capital
** a ****** ** currency ******** ******
******** ***
* prolonged period ** ****** deficits *** **** ** ********************
** lower **********
** ***** ******** *******
c) ********** ******** ******
** ******** of ********* capital *******
******* ** ********* **********
******** ***
**** the ******** **** in ** economy ********* ** is ****** the ****** ** either:
** * ******** in *** government’s ****** ******* ** ** increase ** *** ****** deficit
** an ******** in *** ********** budget ******* ** its ****** ********
** a ******** ** *** ********** ****** ******* ** *** budget deficit
** ** ******** ** the ********** ****** ******* ** * ******** ** *** ****** ********
Question ***
******* *** *** ********* **** *** ** ******* ** which ********* ********** ***** **** ** the budget ******* ********* ** 50 then:
** ******* savings **** ******** ** ***
b) ******* ******* will ******** ** 50
** ********** **** decrease ** ***
** ********** will increase ** ***
******** ***
If * **************** ****** ******** *** increasing ********* demand when *** economy is already ********* near potential GDP causing a ****** ** ** ************ increase ** ***** ****** then *** central **** *** react with:
** a ***** monetary *******
b) * discretionary ******** *******
** ** ************ monetary *******
d) a contractionary ******** policy
******** 25
** the ** ******* is ********* at a ***** **** is ************* less than ********* GDP *** *** government’s ****** deficits *** ********** ********* ****** **** **************************** ** *** **** ** a *******
** ** ************ ******** ** *** ***** level
** international ********* ***********
** *** central bank’s ************** ******** policy
d) * tight monetary ******
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umuc econ201 homework 6 latest 2015 december.docx
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