Eco 372 final exam guide Study guides, Class notes & Summaries

ECO/372 PRINCIPLES OF MACROECONOMICS Final Exam Study Guide updated

ECO/372 PRINCIPLES OF MACROECONOMICS Final Exam Study Guide updated

ECO/372 PRINCIPLES OF MACROECONOMICS Final Exam Study Guide updated

ECO/372 PRINCIPLES OF MACROECONOMICS Final Exam Study Guide updated

ECO/372 PRINCIPLES OF MACROECONOMICS Final Exam Study Guide updated 2020/2021

ECO 372 WEEK 5 FINAL EXAM STUDY GUIDE.

1. Martha lends $200 to a friend who promises to return it after a year. Instead of lending it to her friend, Martha could have put the money in a bank where she could have earned an interest rate of 2 percent per annum. Martha’s opportunity cost of lending the money is _____. • $2 • $204 • $200 • $4 2 The exhibit given below shows the short-run aggregate demand and supply curves in an economy, AD1 and AS1, and the long-run aggregate supply curve, LR...

1 The Marions purchased a Persian rug worth $5,000 from an Iranian textile mill. Everything else remaining unchanged, this will: • decrease the net imports of the domestic country by $5,000. • decrease the consumption expenditure in the domestic country by $5,000. • reduce the net exports of the domestic country by $5,000. • increase the gross domestic product of the domestic country by $5,000. 2 The table given below shows the total amount of spending ...

1. the largest source of household income is in the U.S. is obtained a. stock dividends b. wages and salaries c. interest earnings d. rental income market where business sell goods and services to households and the government is called a. goods market b. factor market c. capital market d. money market gross domestic product is best defined as a. the market value of intermediate goods and services produced in an economy including exports b. all goods and services produced in a...

ECO/372 Final Exam (Result - 30/30) 1. News Story: Workers at a car-manufacturing plant in Flint, Michigan are laid off because the economy is weak and GM cars aren't selling well. GM isn't sure when the plant will reopen. What type of unemployment describes the workers' situation?  Frictional unemployment  Structural unemployment  Full unemployment  Cyclical unemployment 2. Globalization that allows governments to pursue expansionary policies can be dangerous because it c...