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ECON 200 UOFA FINAL EXAM VERSION 1 NEWEST
2025/2026 NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND VERIFIED ANSWERS |ALREADY GRADED
A+|
49. When the price level rises, the number of dollars needed to
buy a representative basket of goods
a. increases, and so the value of money rises.
b. increases, and so the value of money falls.
c. decreases, and so the value of money rises.
d. decreases, and so the value of money falls - ANSWER-B
50. If the CPI rises, the number of dollars needed to buy a
representative basket of goods
a. increases, and so the value of money rises.
b. increases, and so the value of money falls.
c. decreases, and so the value of money rises.
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d. decreases, and so the value of money falls - ANSWER-A
53. Which of the following is correct?
a. If the Fed purchases bonds in the open market, then the money
supply curve shifts right. A change in the price level does not shift
the money supply curve.
b. If the Fed sells bonds in the open market, then the money
supply curve shifts right. A change in the price level does not shift
the money supply curve.
c. If the Fed purchases bonds, then the money supply curve shifts
right. An increase in the price level shifts the money supply curve
right.
d. If the Fed sells bonds, then the money supply curve shifts right.
A decrease in the price level shifts the money supply curve right. -
ANSWER-A
59. The classical dichotomy argues that changes in the money
supply
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a. affect both nominal and real variables.
b. affect neither nominal nor real variables.
c. affect nominal variables, but not real variables.
d. do not affect nominal variables, but do affect real variables.60. -
ANSWER-C
57. The payments you make on your automobile loan are given in
terms of dollars. As prices rise you notice you give up fewer
goods to make your payments.
a. The dollar amount you pay is a nominal value. The number of
goods you give up is a real value.
b. The dollar amount you pay is a real value. The number of
goods you give up is a nominal value.
c. Both the dollar amount you pay and the goods you give up are
nominal values.
d. Both the dollar amount you pay and the goods you give up are
real values. - ANSWER-A
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61. Based on the quantity equation, if M = 150, V = 4, and Y =
300, then P =
a. 8.
b. 0.5.
c. 2.
d. 3. - ANSWER-C
64. Suppose the money supply tripled, but at the same time
velocity doubled and real GDP was unchanged. According to the
quantity equation the price level
a. is 1.5 times its old value.
b. is 3 times its old value.
c. is 6 times its old value.
d. is the same as its old value. - ANSWER-C
70. The shoeleather cost of inflation refers to
ECON 200 UOFA FINAL EXAM VERSION 1 NEWEST
2025/2026 NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND VERIFIED ANSWERS |ALREADY GRADED
A+|
49. When the price level rises, the number of dollars needed to
buy a representative basket of goods
a. increases, and so the value of money rises.
b. increases, and so the value of money falls.
c. decreases, and so the value of money rises.
d. decreases, and so the value of money falls - ANSWER-B
50. If the CPI rises, the number of dollars needed to buy a
representative basket of goods
a. increases, and so the value of money rises.
b. increases, and so the value of money falls.
c. decreases, and so the value of money rises.
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d. decreases, and so the value of money falls - ANSWER-A
53. Which of the following is correct?
a. If the Fed purchases bonds in the open market, then the money
supply curve shifts right. A change in the price level does not shift
the money supply curve.
b. If the Fed sells bonds in the open market, then the money
supply curve shifts right. A change in the price level does not shift
the money supply curve.
c. If the Fed purchases bonds, then the money supply curve shifts
right. An increase in the price level shifts the money supply curve
right.
d. If the Fed sells bonds, then the money supply curve shifts right.
A decrease in the price level shifts the money supply curve right. -
ANSWER-A
59. The classical dichotomy argues that changes in the money
supply
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a. affect both nominal and real variables.
b. affect neither nominal nor real variables.
c. affect nominal variables, but not real variables.
d. do not affect nominal variables, but do affect real variables.60. -
ANSWER-C
57. The payments you make on your automobile loan are given in
terms of dollars. As prices rise you notice you give up fewer
goods to make your payments.
a. The dollar amount you pay is a nominal value. The number of
goods you give up is a real value.
b. The dollar amount you pay is a real value. The number of
goods you give up is a nominal value.
c. Both the dollar amount you pay and the goods you give up are
nominal values.
d. Both the dollar amount you pay and the goods you give up are
real values. - ANSWER-A
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61. Based on the quantity equation, if M = 150, V = 4, and Y =
300, then P =
a. 8.
b. 0.5.
c. 2.
d. 3. - ANSWER-C
64. Suppose the money supply tripled, but at the same time
velocity doubled and real GDP was unchanged. According to the
quantity equation the price level
a. is 1.5 times its old value.
b. is 3 times its old value.
c. is 6 times its old value.
d. is the same as its old value. - ANSWER-C
70. The shoeleather cost of inflation refers to
