Fiscal multiplier Study guides, Class notes & Summaries

2021     Increase income to South African economy and increase income to South African producers of goods and services.   18. 1 Reference: Prescribed book PG 259 M3 is equal to M2 plus all long-term deposits of the domestic private sector with monetary institutions.   At the macro or aggregate level, the transactions demand for money is therefore a function of the total income in the economy. 1. 3 Reference: Prescrib...

AQA AS ECONOMICS 7135/2 Paper 2 The National Economy in a Global Context Version: 1.0 Final *jun* IB/M/Jun23/E9 7135/2 For Examiner’s Use Section Mark A B TOTAL Monday 22 May 2023 Morning Time allowed: 1 hour 30 minutes Materials For this paper you must have: • the Insert • a calculator. Instructions • Use black ink or black ball-point pen. Pencil should only be used for drawing. • Fill in the boxes at the top of this page. • Answer all questions in Section A. ...

1.An escrow closed on May 16, 2002. Property taxes for the fiscal year 2002-03 are: (A) Seller's personal responsibility; (B) Buyer's personal responsibility; (C) A lien on the property; (D) None of the above c 2.On June 10, a prospective buyer gave broker and signed the usual form of an offer to deposit to a purchase property. The deposit form included the statement, This offer is irrevocable for five days. On June 11, and before the offer had been accepted by the seller, the buyer contac...

AP Macroeconomics Practice Test Questions with Multiple Choice Answers 2023 According to the short-run Phillips curve, lower inflation rates are associated with A) Higher unemployment rates B) Higher government spending C) Larger budget deficits D) Greater labor-force participation rates E) Smaller labor-force participation rates - A) Higher unemployment rates The Phillips curve demonstrates the inversely proportional relationship between inflation and unemployment (more unemploym...

Globalisation Increased interdependence between countries and the rapid rate of change it brings about Factors contributing to globalisation (5) Improvements in infrastructure (Quicker, more reliable and cheaper methods enabling production) Improvements in IT and communication (Allows global operations) Trade Liberalisation (Reduces protectionism and makes trade cheaper - specialisation) International financial markets (Raising money and transferring it globally) TNCs (Low p...

Money multiplier Correct Answer 1/reserve requirement Macroeconomic equilibrium Correct Answer where the IS and LM curves intersect. IS curve shows equilibrium between income and expenditure. LM curve shows equilibrium between the real money supply and the real interest rate M/P Correct Answer the money supply National income Correct Answer the total value of all income in a nation (wages and profits and interest and rents and pension payments) during a given period (usually 1 yr) GD...

Final Exam Study Guide Mixing of chapters to put things together: A short-run equilibrium (SRE) is an intersection between which curves? AD & SRAS A long-run equilibrium (LRE) is an intersection between which curves? AD & SRAS & LRAS (resources institutions technology) (Classify these points as short run equilibriums, long run equilibriums, recessions, and/or overheated economies and make up unemployment rates for each point) At A the economy is at Recession (U>U=5%) (U=7%) (U=17%) A...

Sophia Marcoeconomics Milestone 4 1 Which statement below regarding the stagflation of the late 1970s/early 1980s is true? The Phillips curve represented the state of the economy at the time. Expansionary fiscal policies succeeded in lowering the unemployment rate. Expansionary fiscal policy led to double digit inflation. Disruptions in the oil supply caused the LRAS curve to move to the left. CONCEPT Pros and Cons of Monetary and Fiscal Policy 2 Which of the following would be true o...

AQA AS ECONOMICS Paper 2 The National Economy in a Global Context Monday 22 May 2023 Morning Time allowed: 1 hour 30 minutes Materials For this paper you must have: • the Insert • a calculator. Instructions • Use black ink or black ball-point pen. Pencil should only be used for drawing. • Fill in the boxes at the top of this page. • Answer all questions in Section A. • Answer either Context 1 or Context 2 in Section B. • You will need to refer to the In...

liquidity preference - Keynes's theory that the interest rate adjusts to bring money supply and money demand into balance monetary policy - either in terms of the money supply or in terms of the interest rate fiscal policy - the setting of the level of government spending and taxation by government policymakers multiplier effect - the additional shifts in aggregate demand that result when expansionary fiscal policy increases income and thereby increases consumer spending crowding-ou...