ECO 302 Week 9 Quiz Strayer Question 1 5 out of 5 points � � � If the government reduces taxes by $1 this year without raising taxes or printing more money, then Answer � � � � � � � � � � � � � � � � � � � � � � � Question 2 5 out of 5 points � � � The major peaks in the ratio of public debt to GDP in the U.S. reflect Answer � � � � � � � � � � � � � � � � � � � � � � � Question 3 5 out of 5 points � � � If households ignore effects on future generations, a pay as you go social security system: Answer � � � � � � � � � � � � � � � � � � � � � � � Question 4 5 out of 5 points � � � Households may feel wealthier due to a tax cut, if: Answer � � � � � � � � � � � � � � � � � � � � � � � Question 5 5 out of 5 points � � � The governments uses of funds include: Answer � � � � � � � � � � � � � � � � � � � � � � � Question 6 5 out of 5 points � � � The governments sources of funds include: Answer � � � � � � � � � � � � � � � � � � � � � � � Question 7 5 out of 5 points � � � If the time path of government purchases does not change and the government cuts current assets income taxes, then: Answer � � � � � � � � � � � � � � � � � � � � � � � Question 8 5 out of 5 points � � � If the time path of government purchases does not change and the government cuts current labor income taxes, then: Answer � � � � � � � � � � � � � � � � � � � � � � � Question 9 5 out of 5 points � � � In a business cycle recession, the debt-to-GDP ratio typically Answer � � � � � � � � � � � � � � � � � � � � � � � Question 10 5 out of 5 points � � � If currently alive households take full account of the negative affects of a pay as you go social security system on their descendants, then the: Answer � � � � � � � � � � � � � � � � � � � � � � � Question 11 5 out of 5 points � � � An open-market operation in which the Federal Reserve purchases bonds will Answer � � � � � � � � � � � � � � � � � � � � � � � Question 12 0 out of 5 points � � � In a business cycle recession, the debt-to-GDP ratio typically Answer � � � � � � � � � � � � � � � � � � � � � � � Question 13 5 out of 5 points � � � In the price-misperceptions model, a rise in the nominal wage rate makes the supply curve of labor, in the short run, Answer � � � � � � � � � � � � � � � � � � � � � � � Question 14 5 out of 5 points � � � In the price-misperceptions model, an increase in the price level in the long-run Answer � � � � � � � � � � � � � � � � � � � � � � � Question 15 0 out of 5 points � � � If the nominal wage is $10 per hour and the expected price level is 5 and the actual price level is 4, then: Answer � � � � � � � � � � � � � � � � � � � � � � � Question 16 5 out of 5 points � � � In the price-misperceptions model, market prices of goods, wage rates, and rental prices Answer � � � � � � � � � � � � � � � � � � � � � � � Question 17 0 out of 5 points � � � In the price-misperceptions model, an increase in the price level will, in the short run, Answer � � � � � � � � � � � � � � � � � � � � � � � Question 18 5 out of 5 points � � � A monetary policy rule is when the monetary authority: Answer � � � � � � � � � � � � � � � � � � � � � � � Question 19 0 out of 5 points � � � In the price-misperceptions model, an increase in the price level in the short run, Answer � � � � � � � � � � � � � � � � � � � � � � � Question 20 0 out of 5 points � � � Monetary policy can affect real variables in the short run if monetary policy: Answer � � � � � � � � � � � � � � � � � � � � � � � Question 21 0 out of 5 points � � � In the price-misperceptions model, a rise in the real wage rate makes the demand curve for labor, in the short run, to Answer � � � � � � � � � � � � � � � � � � � � � � � Question 22 0 out of 5 points � � � One reason for preferring a rule for monetary policy is that a rule Answer � � � � � � � � � � � � � � � � � � � � � � � Question 23 0 out of 5 points � � � If the nominal wage is $10 per hour and the expected price level is 2 and the actual price level is 4, then: Answer � � � � � � � � � � � � � � � � � � � � � � � Question 24 5 out of 5 points � � � An increase in the money supply: Answer
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