*********

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

******** **

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

Click here to download attached files:
umuc econ201 homework 6 latest 2015 december.docx