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LATEST Econ Post Test QUICK PASS 2024
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 
According to the law of demand, as a p...
- Exam (elaborations)
- • 2 pages •
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 
According to the law of demand, as a p...
LATEST ECON 528 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, because the value...
- Exam (elaborations)
- • 24 pages •
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, because the value...
LATEST 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 benefits will 
decline substantially as po...
- Exam (elaborations)
- • 14 pages •
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 benefits will 
decline substantially as po...
Updated 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 counterproductive because it 
makes it hard ...
- Exam (elaborations)
- • 3 pages •
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 counterproductive because it 
makes it hard ...
2024 UPDATED Mental Health ATI Mastery Exam Questions With All Correct Answers
2024 JamF 200 EXAM WITH ANSWERS
270+ PRACTICE QUESTIONS AZ-104 RENEWAL EXAM AND 100% CORRECT ANSWERS 2023-2024(A+ GUARANTEE)