Study guides, Class notes & Summaries

Econ week 12 QUICK PASS 2023//2024 When the central bank decides it will sell bonds using open market operations - ANSWER the money supply decreases When the central bank decides to increase the discount rate, the interest rates - ANSWER increase Atlantic Bank is required to hold 10% of deposits as reserves. if the central bank increases the discount rate, how would atlantic bank respond? - ANSWER by increasing its reserves _____ will often cause monetary policy to be considered c...

ECO 251CLT TEST SOLUTIONS QUESTIONS AND CORRECT ANSWERS Sampling without replacement means that once a member of a population is chosen for a sample, it cannot be chosen again for the same sample. - ANSWER TRUE Cluster sampling is often used to test market new products. - ANSWER TRUE A convenience sample is an example of a nonprobability sample. - ANSWER TRUE An Internet poll, where individuals may respond to a survey as many times as they choose to, is an example of a nonprobabil...

ECON 4200 Exam 2

ECON EXAM 3 Review Questions and answers, rated A+ Of the following, the most often used measure of changing living standards is A) the growth rate of nominal GDP. B) the growth rate of real GDP. C) the growth rate of nominal GDP per capita. D) the growth rate of real GDP per capita .E) unemployment per capita - -Answer D Over the last hundred years ,A) movements in output due to recessions and recoveries dominate the movement caused bylong-run growth. B) output has decreased in as ...

ECON Exam 3 Questions With 100% Correct Answers Which of the following is true regarding the circular flow model? - answerHouseholds provide the supply for the factor market and business provides the supply for the goods and service market Which of the following is true? - answerncome flows from firms to households in the factor markets. The factor market is where: - answerHouseholds provide resources to businesses Households receive income from government by: - answerReceiving transfer ...

ECONOMICS Chapter 13 Study Set QUESTION AND CORRECT ANSWER Monopolistic competition means: <a market situation where competition is based entirely on product differentiation and advertising. <a large number of firms producing a standardized or homogeneous product. <many firms producing differentiated products. <a few firms producing a standardized or homogeneous product. many firms producing differentiated products. Monopolistic competition is characterized by a: <...

Economics Chapter 5 Macroeconomics Concerns Which of the following is NOT a topic studied in Macroeconomics? A) gross domestic product B) the unemployment rate C) the price of IBM computers D) the inflation rate - ANSWER C Which of the following is a topic studied in Macroeconomics? A) gross domestic product B) the wage of auto workers C) the price of IBM computers D) the amount of pizza produced - ANSWER A Which of the following is a topic studied in Macroeconomics? A) ...

Econ Post Test QUICK PASS 2023 When the price of good A rises, people start to drink good B. In this case. - CORRECT ANSWER Good B is a substitute good. An increase in the price of a good would be illustrated on a demand graph as a: - CORRECT ANSWER Movement along the demand curve upward. If the number of consumers in the market for good A increases, what will happen to the equilibrium price and quantity of good A? - CORRECT ANSWER Equilibrium price and quantity will both increase Acc...

ECON Final Economists typically define money as: A. anything in which its value can be inflated. B. a means of payment that lacks intrinsic value. C. currency that is issued by a central bank. D. a widely accepted means of payment. - ANSWERS D Are checking accounts money? A. No, because checking accounts cannot be traded for goods and services. B. Yes, because checking accounts can be used to buy goods and services. C. No, because checking accounts are not physical money. D. Yes,...

Econ Chapter 14 CORRECT ANSWERS 100% When reference is made to the ____________, it means the specific amount of income needed for a basic standard of living. A. poverty trap B. income line C. income gap D. poverty line - ANSWER D A situation of __________ arises when one group receives a higher share of total income or wealth than others. A. poverty B. inequality C. poverty entrapment D. quintiles - ANSWER B Antipoverty programs that are set up so that the amount of government...