QUIZ #2 ECONOMICS

What is Neoclassical Economics?

• It attempts to explain the production, pricing, consumption of goods of services throught the supply and demand.

• It attempts to explain the production, pricing, consumption of goods of services throught the multiplier effect.

How many historical periods in macroeconomics were discussed during class?

• FOUR

• THREE

• TWO

What is the main point of Keynesian Economics?

• Healthy economies spend or invest more than they save.

• Healthy economies save more than they spend or invest.

What is "The Multiplier Effect" ?

• Is an economic term that goes proportional with the injection from the government to the final income

• Is an economic term that goes proportional with the final income.

Whato does "MPC" means?

• MARGINAL PROPENSITY TO CONSUME

• MARGINAL PURPOSE TO CONSUME