1.If the multiplier for government spending is 1.60 and government spending is increased by $160
billion, calculate the amount by which the demand curve will ultimately shift.
Shift of the demand curve =
$nothing
billion. (Enter your response as an integer and include a minus sign if necessary.)
2. Debit Cards as a Fiscal Stimulus. Here is one unusual fiscal policy: The government would issue time-dated debit cards to each person that had to be spent on goods and services produced only by U.S. firms within a fixed period (say, three months) or become worthless. Suppose the government was considering whether to issue $400 in time-dated debit cards to each household or give each household $400 in cash instead.
Suppose a family had large credit card debt, which it wished to reduce. Of the two plans, the family would prefer
A.
the cash payments program, since cash could be used to pay off some of the credit card debt.
B.
the debit card program, since they did not need to use cash to buy goods and services.
C.
neither, since the credit card was fixed and was dependent on the interest rate.
D.
both of them equally, since they involved payments of equal size.
3. Looking Backwards. Some critics of stabilization policy say that policymakers are always looking
backwards long dash through a rear view mirror at past data long dash and
thus cannot conduct stabilization policy.
Which of the following is a defense for policymakers?
A.
Recently, the recognition of lags in data collection has eliminated the use of stabilization policies.
B.
Economic forecasts using past data are better than forecasts using current data.
C.
Sometimes economic conditions require that stabilization policies be enacted by relying on the best available data.
D.
Recently, analysts have found that future trends usually follow past data.
4. The largest component of federal spending is
▼
discretionary spending
consumption spending
deficit spending
entitlement spending
.
5. Which of the following is an entitlement program?
A.
Medicare spending
.
B.
Corporate income taxes
.
C.
Government investment spending
.
D.
Personal consumption expenditure
6. Automatic Stabilizers and Fluctuations in Output. Because of automatic stabilizers, the states that have a more generous unemployment insurance program experience
▼
smaller
no
larger
fluctuations in output.
7. Annual government spending not stipulated by existing laws is called
A.
inflationary.
B.
entitlement.
C.
mandatory.
D.
discretionary.
8. Based on the Laffer’s theory why do lower tax rates increase government revenue?
A.
Companies will hire fewer workers when taxes are lower.
B.
Workers will be willing to work less when taxes are lower.
C.
Workers will think it is unfair when the government taxes them less.
D.
When workers get to keep more of their salary, they will work harder thus increasing the tax base
9. Long-run average income is known as
▼
permanent income
national income
disposable income
.
10. What was the effect on the economy from the Kennedy and Johnson tax cuts?
A.
Real GDP and consumption grew at rates of 4% each year between 1963 and 1966.
B.
Real GDP and consumption were unchanged from what they would have been.
C.
Real GDP and consumption declined each year between 1963 and 1966.
D.
Real GDP and consumption were unchanged entirely.
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If The Market Value Of Debt Of A Firm Is 30 Lacs Equity Is 60lacs And Costs Of E
/in Uncategorized /by developerIf the market value of debt of a firm is 30 lacs,equity is 60lacs and costs of equity and debt are 16%,14% respectively if the has 100%dividend payment and no taxes,calculate operating income of the firm
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If The Mass Of Both Weights Is 150 Gm The First Mass Is Located 30 North Of East
/in Uncategorized /by developerIf the mass of both weights is 150 gm, the first mass is located 30 north of east, the second mass is located 30 south of east, and the transducer sensitivity is 0.5 volts/Newton, how large a voltage do you expect to measure? Assume the transducer has been properly zeroed so that V = 0 when F3=0.
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If The Mass Of Both Weights Is 175 Gm The First Mass Is Located 20 North Of East
/in Uncategorized /by developerIf the mass of both weights is 175 gm, the first mass is located 20 north of east, the second mass is located 20 south of east, and the transducer sensitivity is 0.5 volts/Newton, how large a voltage do you expect to measure? Assume the transducer has been properly zeroed so that V = 0 when F3=0.
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If The Mass Of Both Weights Is 225 Gm The First Mass Is Located 20 North Of East
/in Uncategorized /by developerIf the mass of both weights is 225 gm, the first mass is located 20 north of east, the second mass is located 20 south of east, and the transducer sensitivity is 0.5 volts/Newton, how large a voltage do you expect to measure? Assume the transducer has been properly zeroed so that V = 0 when F3=0.
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If The Mass Of Nitrogen In A Sample Of No 2 And A Sample Of No Each Was 72 G The
/in Uncategorized /by developerIf the mass of nitrogen in a sample of NO2 and a sample of NO each was 72 g, the number of oxygen atoms in the NO2 sample would be __________ the number of oxygen atoms in the NO sample.
Greater than
Less than
Equal to
If the number of oxygen atoms in a sample of NO2 and a sample of NO was 72, the mass of nitrogen in the NO2 sample would be __________ the mass of nitrogen in the NO sample.
Greater than
Less than
Equal to
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If The Mean Is 6 5345 The Standard Deviation Is 7 5066 And The Sample Size Is 20
/in Uncategorized /by developerIf the mean is 6.5345, the standard deviation is 7.5066, and the sample size is 20, what is the 95% confidence interval? (assume that sigma is unknown). List each in proper (lower bound, upper bound) notation.
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If The Meteorite Struck The Car With A Speed Of 550 M S What Was The Magnitude O
/in Uncategorized /by developerIf the meteorite struck the car with a speed of 550 m/s, what was the magnitude of its deceleration, assuming it to be constant? X v0 = 550 m/s Original top of car trunk Draw a simple diagram showing the meteors starting and ending points and the origin and direction of increase of your coordinate system. Write out the values of the known and solve variables. Known: Solve: v0 = 550 m/s a=? V = 0 m/s x = 0.22 m What is the variable Not Involved? 2 v 2 = v0 + 2ax 2 v 2 V0 = 2ax 2 v 2 Which kinematic equation does that suggest that you should use? Solve that kinematic equation for the variable of interest? Plug in the known values and solve for the desired quantity?
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If The Molecular Weight Of Air Is 28 9 What Is The Density Of Air At Atmospheric
/in Uncategorized /by developerIf the molecular weight of air is 28.9,what is the density of air at atmosphericpressure and a temperature of 281 K?1 atm = 1.013 × 105 N/m2 , the mass ofa proton is 1.67262 × 10−27 kg , Avogadro’snumber is 6.02214 × 1023 mol−1 and k =1.38065 × 10−23 N · m/K.Answer in units of kg/m3.
=================================================================If the molecular weight of air is 28.9,what is the density of air at atmosphericpressure and a temperature of 281 K?1 atm =…
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If The Multiplier For Government Spending Is 1 60 And Government Spending Is Inc
/in Uncategorized /by developer1.If the multiplier for government spending is 1.60 and government spending is increased by $160
billion, calculate the amount by which the demand curve will ultimately shift.
Shift of the demand curve =
$nothing
billion. (Enter your response as an integer and include a minus sign if necessary.)
2. Debit Cards as a Fiscal Stimulus. Here is one unusual fiscal policy: The government would issue time-dated debit cards to each person that had to be spent on goods and services produced only by U.S. firms within a fixed period (say, three months) or become worthless. Suppose the government was considering whether to issue $400 in time-dated debit cards to each household or give each household $400 in cash instead.
Suppose a family had large credit card debt, which it wished to reduce. Of the two plans, the family would prefer
A.
the cash payments program, since cash could be used to pay off some of the credit card debt.
B.
the debit card program, since they did not need to use cash to buy goods and services.
C.
neither, since the credit card was fixed and was dependent on the interest rate.
D.
both of them equally, since they involved payments of equal size.
3. Looking Backwards. Some critics of stabilization policy say that policymakers are always looking
backwards long dash through a rear view mirror at past data long dash and
thus cannot conduct stabilization policy.
Which of the following is a defense for policymakers?
A.
Recently, the recognition of lags in data collection has eliminated the use of stabilization policies.
B.
Economic forecasts using past data are better than forecasts using current data.
C.
Sometimes economic conditions require that stabilization policies be enacted by relying on the best available data.
D.
Recently, analysts have found that future trends usually follow past data.
4. The largest component of federal spending is
▼
discretionary spending
consumption spending
deficit spending
entitlement spending
.
5. Which of the following is an entitlement program?
A.
Medicare spending
.
B.
Corporate income taxes
.
C.
Government investment spending
.
D.
Personal consumption expenditure
6. Automatic Stabilizers and Fluctuations in Output. Because of automatic stabilizers, the states that have a more generous unemployment insurance program experience
▼
smaller
no
larger
fluctuations in output.
7. Annual government spending not stipulated by existing laws is called
A.
inflationary.
B.
entitlement.
C.
mandatory.
D.
discretionary.
8. Based on the Laffer’s theory why do lower tax rates increase government revenue?
A.
Companies will hire fewer workers when taxes are lower.
B.
Workers will be willing to work less when taxes are lower.
C.
Workers will think it is unfair when the government taxes them less.
D.
When workers get to keep more of their salary, they will work harder thus increasing the tax base
9. Long-run average income is known as
▼
permanent income
national income
disposable income
.
10. What was the effect on the economy from the Kennedy and Johnson tax cuts?
A.
Real GDP and consumption grew at rates of 4% each year between 1963 and 1966.
B.
Real GDP and consumption were unchanged from what they would have been.
C.
Real GDP and consumption declined each year between 1963 and 1966.
D.
Real GDP and consumption were unchanged entirely.
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If The Multiplier Is 4 A Decrease In Spending Equal To 80 Billion Dollars Will B
/in Uncategorized /by developerIf the multiplier is 4, a decrease in spending equal to 80 billion dollars will be accompanied by a decrese in GDP of:a. 84 billionb. 48 billionc. 480 billiond. 240 billione. 320 billion
If the multiplier is 4, a decrease in spending equal to 80 billion dollars will beaccompanied by a decrese in GDP of:a. 84 billionb. 48 billionc. 480 billiond. 240 billione. 320 billion…
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