Disposable income is....

Macroeconomics II

Quiz
•
Social Studies
•
University
•
Hard

Ariunzaya Sergelenbat
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7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Marginal Propensity to Consume
Marginal Propensity to Save
Personal Income less Taxes
All of the above choices are true.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the income increases by £800, spending rises by £560 and saving grows by £240, what will be the proportion of Marginal Propensity to Consume (MPC) and Marginal Propensity to Save (MPS)?
MPC=0.8
MPS=0.2
MPC=0.7
MPS=0.3
MPC=0.3
MPS=0.7
MPC=0.2
MPS=0.8
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the spending multiplier is 3.3 (1/0.3=3.3), how much will £560 of new consumption increase GDP?
£ 1848
£169.6
£4000
None
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There is an inverse relationship between the price level and real gross domestic product (RGDP) in aggregate demand. True/False
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increase in business tax and regulations will result in aggregate supply curve shift to the ....
Right
Left
No changes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inflationary gap occurs when ... .It means the economy is experiencing low level of unemployment.
Current output> Long-run Output
Current Output<Long-run Output
Current Output=Long-run Output
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the automatic stabilisers in the economy?
Fiscal policy
Taxes
Benefits
Budget Deficit
Taxes
Transfer Payments
Taxes
Benefits
All correct
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