Feb 3rd, 2012
Studypool Tutor
Price: $15 USD

Tutor description


Word Count: 1481
Showing Page: 1/6
ECO/561 Final Exam Answers - Updated 2012Economics - MBA ProgramRemember to check out for the latest updates!1) Stabilizing a nation's price level and the purchasing power of its money can be achieved:A. with neither fiscal nor monetary policy.B. only with fiscal policy.C. with both fiscal and monetary policy.D. only with monetary policy.2) Non-price competition refers to:A. reductions in production costs that are not reflected in price reductions.B. price increases by a firm that is ignored by its rivals.C. advertising, product promotion, and changes in the real or perceived characteristics of a product.D. competition between products of different industries, for example, competition between aluminum and steel in the manufacture of automobile parts.3) Suppose the price level is fixed, the MPC is .5, and the GDP gap is a negative $100 billion. To achieve full-employment output (exactly), government should:A. reduce taxes by $200 billion.B. reduce taxes by $50 billion.C. increase government expenditures by $50 billion.D. increase government expenditures by $100 billion.4) If personal taxes were decreased and resource productivity increased simultaneously, the equilibrium:A. price level would necessarily rise.B. price level would necessarily fall.C. output would fall.D. output would rise.5) Suppose that nominal wages fall and productivity rises in a particul

Review from student

Studypool Student
" Solid work, thanks. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors