ECN 211 EXAM 3 QUESTIONS AND CORRECT ANSWERS

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ECN 211 EXAM 3 QUESTIONS AND CORRECT ANSWERS

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2025/2026

Institution ECN 211

Course ECN 211

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ECN 211 EXAM 3 QUESTIONS AND CORRECT ANSWERS

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ECN 211 EXAM 3 QUESTIONS AND
CORRECT ANSWERS
AggregateA2DemandA2CurveA2-A2Ans---
FallA2inA2PLA2increasesA2demandA2ofA2goodsA2andA2services.
-WealthA2increases,A2interestA2FALLS,A2exchangeA2rateA2depreciatesA2(deflation)

WealthA2EffectA2-A2Ans---
DecreaseA2inA2PLA2raisesA2valueA2ofA2moneyA2andA2makesA2consumersA2wealthier.A2Incr
easesA2spendingA2andA2DEMAND.A2
-
IncreaseA2inA2PLA2lowersA2valueA2ofA2moneyA2andA2makesA2consumersA2poorer.A2Decrea
sesA2spendingA2andA2DEMAND.

InterestA2RateA2EffectA2-A2Ans---DecreaseA2inA2PLA2REDUCESA2interestA2rate!
A2EncouragesA2spendingA2onA2investmentA2goodsA2andA2increasedA2DEMAND.
-IncreaseA2inA2PLA2RAISESA2interestA2rate!
A2ReducesA2spendingA2onA2investmentA2goodsA2andA2decreasesA2DEMAND.

ExchangeA2RateA2EffectA2-A2Ans---
FallA2inA2PLA2lowersA2interestA2ratesA2andA2decreasesA2exchangeA2value.A2IncreasesA2EX
PORTS
-
RiseA2inA2PLA2raisesA2interestA2ratesA2andA2raisesA2exchangeA2value.A2IncreasesA2IMPOR
TS

WhatA2affectsA2ShortA2RunA2AggregateA2Supply?A2-A2Ans--
ChangeA2in:A2labor,A2capital,A2naturalA2resources,A2technology,A2andA2EXPECTEDA2PRIC
EA2LEVEL

StagflationA2-A2Ans--FallingA2outputA2andA2risingA2prices

GDPA2DeflatorA2-A2Ans--=nominal/real*100

MCPA2-A2Ans--1/(1-mcp)

HigherA2discountA2rateA2-A2Ans--
discouragesA2banksA2fromA2borrowingA2whichA2REDUCESA2MS!

NominalA2GDPA2-A2Ans--PriceA2levelA2*A2RealA2GDP

VelocityA2ofA2MoneyA2-A2Ans--MV=PY

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Uploaded on: November 14, 2025
Number of pages: 3
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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