ECO 302 Week 9 Quiz Strayer\tQuestion \u00a01\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 If the government reduces taxes by $1 this year without raising taxes or printing more money, then\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a02\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 The major peaks in the ratio of public debt to GDP in the U.S. reflect\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a03\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 If households ignore effects on future generations, a pay as you go social security system:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a04\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 Households may feel wealthier due to a tax cut, if:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a05\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0\u00a0\u00a0 The governments uses of funds include:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a06\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0\u00a0\u00a0 The governments sources of funds include:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a07\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 If the time path of government purchases does not change and the government cuts current assets income taxes, then:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a08\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 If the time path of government purchases does not change and the government cuts current labor income taxes, then:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a09\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 In a business cycle recession, the debt-to-GDP ratio typically\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a010\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 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:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a011\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 An open-market operation in which the Federal Reserve purchases bonds will\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a012\t0 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 In a business cycle recession, the debt-to-GDP ratio typically\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a013\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 In the price-misperceptions model, a rise in the nominal wage rate makes the supply curve of labor, in the short run,\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a014\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 In the price-misperceptions model, an increase in the price level in the long-run\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a015\t0 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 If the nominal wage is $10 per hour and the expected price level is 5 and the actual price level is 4, then:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a016\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 In the price-misperceptions model, market prices of goods, wage rates, and rental prices\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a017\t0 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 In the price-misperceptions model, an increase in the price level will, in the short run,\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a018\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 A monetary policy rule is when the monetary authority:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a019\t0 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 In the price-misperceptions model, an increase in the price level in the short run,\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a020\t0 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 Monetary policy can affect real variables in the short run if monetary policy:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a021\t0 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 In the price-misperceptions model, a rise in the real wage rate makes the demand curve for labor, in the short run, to\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a022\t0 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 One reason for preferring a rule for monetary policy is that a rule\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a023\t0 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0\u00a0\u00a0 If the nominal wage is $10 per hour and the expected price level is 2 and the actual price level is 4, then:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\tQuestion \u00a024\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 An increase in the money supply:\tAnswer<\/p>\n","protected":false},"excerpt":{"rendered":"
ECO 302 Week 9 Quiz Strayer Question \u00a01 5 out of 5 points \ufffd \ufffd \ufffd \u00a0 \u00a0\u00a0 If the government reduces taxes by $1 this year without raising taxes or printing more money, then Answer \ufffd \ufffd \ufffd \ufffd Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-210627","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=210627"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210627\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=210627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=210627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=210627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}