Ryerson University (RU ) • CECN 204

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Courses CECN 204 at Ryerson University (RU )

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CECN 204 2

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Chapter 13 Fiscal Policy, Deficits, Surpluses, and Debt QUESTION AND ANSWERS|ALL YOU NEED DURING REVISION

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Chapter 13 - Fiscal Policy, Deficits, Surpluses, and Debt Chapter 13 Fiscal Policy, Deficits, Surpluses, and Debt True / False Questions 1. If the MPC in the economy is .75, government could shift the aggregate demand curve rightward by $30 billion by cutting taxes by $10 billion. TRUE Accessibility: Keyboard Navigation Difficulty: Hard Learning Objective: 13-01 Identify and explain the purposes; tools; and limitations of fiscal policy. Topic: 13-02 Expansionary Fiscal Policy 2. An in...

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Ryerson University • CECN 204

Chapter 14 Money, Banking, and Money Creation QUESTIONS WITH CORRECT ANSWERS|ALL YOU NEED FOR YOUR REVISION

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Chapter 14 - Money, Banking, and Money Creation Chapter 14 Money, Banking, and Money Creation True / False Questions 1. Currency and coins held by banks are part of the M1 definition of money supply. FALSE Accessibility: Keyboard Navigation Difficulty: Easy Learning Objective: 14-03 Describe what backs Canada's money supply; making us willing to accept it as payment. Topic: 14-03 Money Definition M1+ 2. If a coin is token money, its face value is greater than its intrinsic value. TRU...

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Ryerson University • CECN 204