Economics MCQ's : 28 Multiple Choice Questions.

Feb 3rd, 2012
Studypool Tutor
Price: $30 USD

Tutor description

1)If Carol's disposable income increases from $1,000 to $1,600 and her level of saving increases from minus $100 to a plus $100, her marginal propensity to: 2)A decline in disposable income: 3)In contrast to investment, consumption is: 4)At the point where the consumption schedule intersects the 45-degree line: 5)The MPC can be defined as the fraction of a: 6)In the late 1990s the U.S. stock market boomed, causing U.S. consumption to rise. Economists refer to this outcome as the: 7)Which of the following could shift both consumption and saving schedules upward? 8)A downward shift of the consumption schedule might be caused by a(an): 9)The relationship between the real interest rate and investment is shown by the: And more ....................

Word Count: 931
Showing Page: 1/5
QUESTION 11. If Carol's disposable income increases from $1,000 to $1,600 and her level of saving increases from minus $100 to a plus $100, her marginal propensity to:A.consume is one-sixth.B.consume is one-half.C.consume is two-thirds.D.saveis two-thirds.QUESTION 21. A decline in disposable income:increases consumption by moving along a specific consumption schedule.decreases consumption because it shifts the consumption schedule downward.decreases consumption by moving along a specific consumer schedule.increases consumption because it shifts the consumption schedule upward.QUESTION 31. In contrast to investment, consumption is:relatively unstable.relatively stable.measurable.unmeasurable.QUESTION 41. At the point where the consumption schedule intersects the 45-degree line:the APC is 1.00.the MPC is 1.00.saving is equal to consumption.consumption is less than income.QUESTION 51. The MPC can be defined as the fraction of a:change in income that is spent.change in income that is saved.given total income that is not consumed.given total income that is consumed.QUESTION 61. In the late 1990s the U.S. stock market boomed, causing U.S. consumption to rise. Economists refer to this outcome as the:wealth effect.multiplier effect.interest-rate effect.none of the above.QUESTION 71. Which of the following could shift both consumption and saving schedules upward?a decrease in the personal income tax.an increase in the personal inc

Review from student

Studypool Student
" The best tutor out there!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 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