ECON De Anza College Principles of Macroeconomics Questions

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9:03 AM Sat Oct 30 35% < > m AA deanza.instructure.com + S Ask a new question - Studypool F MyPortal — Foothill-De Anza Co... Econ 1 Exam 2: F21 ECON DOO1... E F21 ECON DOO1 O2Z Prin Macroeconomics > Quizzes > Econ 1 Exam 2 Fall 2021 Econ 1 Exam 2 Account Home Assignments Dashboard Grades Due Oct 30 at 12pm Points 80 Questions 80 Available Oct 29 at 12pm - Oct 30 at 12:10pm 1 day Time Limit 120 Minutes Files Courses Modules Instructions Calendar NetTutor E Zoom De Anza College Inbox Fall 2021 Econ 1: Principles of Macroeconomics History Mark Brady 2006 Studio Second Exam (? Help Noon on Friday, October 29 Noon on Saturday, October 30 a Instructions. You have two hours (120 minutes) for this exam, which consists of 80 questions (each worth one point for a total of 80 points) and counts 20% toward your final grade. Most of the questions are multiple choice with one correct answer. And a few are multiple answers with one or more correct options. You may choose any two-hour time-slot within the 24-hour period that begins at noon on Friday, October 29, and concludes at noon on Saturday, October 30. This exam is open book, but you won't have time to look up the answers to all the questions. The more familiar you are with the material, the better you will perform. K (Remember that the Latin phrase ceteris paribus means "with everything else being equal.") 10:19 AM Sat Oct 30 19% 0 deanza.instructure.com Question 1 1 pts Fall 2021 Home Assignments Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. Account Grades Files Dashboard 1. In this model, the purchasing power of money (the price of money) is an Modules NetTutor A endogenous variable Courses Zoom B exogenous variable Calendar OA Inbox B History 606 Studio Question 2 1 pts ? Help Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. 2. In the dynamic version of this model, the rate of inflation (the rate at which the average level of prices rises) is an A endogenous variable B exogenous variable OA B Question 3 1 pts K 10:20 AM Sat Oct 30 19% 0 deanza.instructure.com Fall 2021 Question 3 1 pts Home Assignments Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. Account Grades Files Dashboard 3. If people decide to hold more of their wealth in the form of money, the demand for money would Modules NetTutor А. fall Courses Zoom B rise Calendar ОА Inbox B History 606 Studio Question 4 1 pts ? Help Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. 4. If the demand for money falls, and there is no change in the stock of money, the exchange value of money would A fall B rise ОА B Question 5 1 pts K 10:20 AM Sat Oct 30 19% 0 deanza.instructure.com Fall 2021 Question 7 1 pts Home Assignments Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. Account Grades Files Dashboard 7. If the stock of money increases at a slower rate than previously, the rate of inflation would Modules NetTutor А. fall Courses Zoom B rise Calendar B Inbox OA History 606 Studio Question 8 1 pts ? Help Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. 8. If the exchange value of money rises, the average level of prices would A fall B rise ОА B Question 9 1 pts K Questions 1-10 are based on the simple quantity 10:20 AM Sat Oct 30 19% 0 deanza.instructure.com Question 5 1 pts Fall 2021 Home Assignments Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. Account Grades Files Dashboard 5. If the stock of money decreases, and there is no change in the demand to hold money, the exchange value of money would Modules NetTutor Courses A fall Zoom B rise Calendar C B Inbox ОА History 606 Studio Question 6 1 pts ? Help Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. 6. If the exchange value of money falls, the average level of prices would А. fall B rise B OA Question 7 1 pts I 10:45 AM Sat Oct 30 8% 0 deanza.instructure.com Question 79 1 pts Fall 2021 Home Assignments 79. Which event(s) listed below would shift the production possibilities frontier OUTWARD? (Choose one or more.) Account Grades Files A more people of working age leaving a country Dashboard Modules NetTutor B more rapid depreciation of capital equipment and structures Courses Zoom С a period of international peace that enables capital to accumulate Calendar C Inbox A B History ✓ C 606 Studio ? Help Question 80 1 pts 80. Adam Smith (1723-1790) lived in the A sixteenth century B seventeenth century C eighteenth century D nineteenth century B C A I 10:45 AM Sat Oct 30 28% 0 deanza.instructure.com Fall 2021 Question 75 1 pts Home Assignments Account Grades 75. Ceteris paribus, which economies would you expect to rely MORE on foreign trade as a percentage of their economic activity? (BE CAREFUL!) Files Dashboard Modules А. larger, more populous, economies like India NetTutor Courses B smaller, less populous, economies like South Korea Zoom Calendar A Inbox OB History 606 Studio Question 76 1 pts ? Help Question 76 tests your knowledge of two distinguished figures of the Scottish Enlightenment 76. Who is the author of this passage? “Every step and every movement of the multitude, even in what are termed enlightened ages, are made with equal blindness to the future; and nations stumble upon establishments, which are indeed the result of human action, but not the execution of any human design.” A Adam Ferguson B Adam Smith B A K 10:45 AM Sat Oct 30 8% 0 < > m AA deanza.instructure.com c + S SOLUTION:... х Quiz: Econ 1... C Here Are Tw... C Here Are Tw... C Here Are Tw... Ceteris Par... 6... Fall 2021 Home Question 77 1 pts Assignments Account Grades 77. Which statement(s) below is (are) TRUE? (Choose one or more.) Files Dashboard Modules A Adam Smith's account of the division of labor illustrates the deductive method. NetTutor Courses B David Ricardo's explanation of comparative cost illustrates the inductive method. Zoom Calendar С Neither statement is true. E Inbox ОС MB History A 606 Studio (? Help Question 78 1 pts 78. If you were the only person on a desert island with ranked goals (e.g., fresh water, food, etc.), and if there were an abundance of natural resources but production always took time, you would A face an economic problem B not face an economic problem B A K 11:24 AM Sat Oct 30 4% deanza.instructure.com Question 13 1 pts Fall 2021 Home Assignments Questions 11-14 test your understanding of real versus nominal values. Account Grades Questions 13-14 assume that real GDP is falling. Files Dashboard 13. If the average level of prices (as measured by a price index) is rising, nominal GDP would Modules NetTutor A rise Courses Zoom B fall Calendar С either A or B Inbox A B History ОС 606 Studio ? Help Question 14 1 pts Questions 11-14 test your understanding of real versus nominal values. Questions 13-14 assume that real GDP is falling. 14. If the average level of prices (as measured by a price index) is falling, nominal GDP would A rise B fall faster than real GDP С fall slower than real GDP ОА B K 11:24 AM Sat Oct 30 4% deanza.instructure.com Question 12 1 pts Fall 2021 Home Assignments Questions 11-14 test your understanding of real versus nominal values. Account Grades Questions 11-12 assume that real GDP is rising. Files Dashboard 12. If the average level of prices (as measured by a price index) is falling, nominal GDP would Modules NetTutor A rise faster than real GDP Courses Zoom B rise slower than real GDP 圖』 Calendar С fall D either A or B Inbox E either B or C History ОА 606 Studio B ? Help OE Question 13 1 pts Questions 11-14 test your understanding of real versus nominal values. Questions 13-14 assume that real GDP is falling. 13. If the average level of prices (as measured by a price index) is rising, nominal GDP would A rise B fall K С either A or B 11:24 AM Sat Oct 30 4% deanza.instructure.com Question 15 1 pts Fall 2021 Home Assignments Questions 15-18 test your understanding of economic growth. Account Grades 15. Which statement below is TRUE? Files Dashboard A If real GDP grows slower than population, real GDP per person would fall. Modules NetTutor Courses B If population grows slower than real GDP, real GDP per person would increase. Zoom С Both A and B are true. Calendar C Inbox B 3. History OA 606 Studio ? Question 16 1 pts Help Questions 15-18 test your understanding of economic growth. 16. Rising gross domestic product (GDP) per person is known as A extensive growth B intensive growth B ОА Question 17 1 pts I
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