SS-ECON103 18S-ECON103-Final Exam Multiple Choice Idenrity the choice that best
ID: 1132364 • Letter: S
Question
SS-ECON103 18S-ECON103-Final Exam Multiple Choice Idenrity the choice that best completes the statement or answers the qwestion 1. Suppose widespread digitalization leads to a spurt in worker productivity. In the long run, output wil and the price level will a. b. c. increase; decrease increase; remain unchanged decrease; decrease d. e. remain unchanged; remain unchanged increase; increase 2. A recognition lag happens because a. in most nations, one or more governing bodies must approve govemment spending or new txx policies. b. it takes time for the complete effects of monetary and fiscal policy to materialize. it is difficult to determine when the economy is turning up or down. e. d e. it takes time to recognize the true long-run growth rate in the economy. it is difficult to recognize what the unemployment rate is uppose consumption spending in an economy is S16 billion, planned investment spending is S4 billion. investment spending is $2 billion, government purchases are $6 billion, and net export spending is S1 billion. What is aggregate expenditure? a. $22 billion b. $25 billion .$27 billion d. $29 billion e. $26 billion 4. If the price of a typical market basket of goods increased from about $200 in 1998 to $500 in early 2018, then it a. rose by 5-fold from 1998 until early 2018. b. rose at a 23 percent rate per year from 1998 until early 2018. c. rose by 2.5-fold from 1998 until early 2018. d must not have contained the same goods in both periods. e. rose at a 25 percent rate from 1998 until early 2018. Frank decides to use his credit card to purchase a new TV. As a consequence, this purchase would lead to a. a decrease in MI and a decrease in M2. b. no changes to MI or M2. c. an increase in MI and an increase in M2. d. a decrease in M1 and an increase in M2. e. an increase in MI and a decrease in M2. S. Page 1 /11Explanation / Answer
1)
Productivities of workers obviously lead to the rise in output of country. It proves profitable in long run. Hence, output rises and prices are likely to fall.
Right answer is : (A)
2)
Recognition lag refers to the time period between occurrence of crisis and actual recognition of it. It takes times to collect data related to output and unemployment to recognize crisis.
Right answer is : (c)
3)
AE = C+I+G+ Net Export
= 16+4+6+1
= 27
Right answer is (C)
4)
Between 1998 and 2018, price increases by 2.5 times ( 500/200)
Hence, right answer is : ( C)
5)
Government document does not classify credit card in either M1 or M2. Hence most close answer seems to be (B)
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