MonPol short quiz

MonPol short quiz

University

18 Qs

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MonPol short quiz

MonPol short quiz

Assessment

Quiz

Financial Education

University

Medium

Created by

Geraldyn Borbe

Used 1+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

S1: The aggregate supply shows combinations of the price level and output for which there is equilibrium in both the market for goods and services and the money market.

S2: Aggregate supply is shown by the horizontal LRAS curve in the long run and the upward-sloping SRAS curve in the short-run.

First statement is TRUE, Second statement is FALSE

First statement is FALSE, Second statement is TRUE

Both statements are TRUE

Both statements are FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

S1: Equilibrium in the AS-AS model occurs in the long-run where the aggregate demand cure, LRAS curve, and SRAS curve all intersect.

S2: In the short, equilibrium occurs where the aggregate demand curve intersects SRAS curve

First statement is TRUE, Second statement is FALSE

First statement is FALSE, Second statement is TRUE

Both statements are TRUE

Both statements are FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

S1: If expansionary monetary policy or fiscal policy is used when the economy is at full employment, the price level will decrease.

S2: Fiscal policy is the government's policy on the generation of revenues through taxation and debt, and setting the level and allocation of expenditures

First statement is TRUE, Second statement is FALSE

First statement is FALSE, Second statement is TRUE

Both statements are TRUE

Both statements are FALSE

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

S1: The four branches of Finance are personal finance, entrepreneurial finance, corporate finance, public finance.

S2: Public finance is concerned with how governments raise money and allocate resources, and the effects of these decisions on the economy and society

First statement is TRUE, Second statement is FALSE

First statement is FALSE, Second statement is TRUE

Both statements are TRUE

Both statements are FALSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

S1: Prior to the TRAIN Law, donor's and estate taxes are examples of a progressive tax system

S2: Due to the TRAIN law, donor's and estate taxes are types of a proportional tax system

First statement is TRUE, Second statement is FALSE

First statement is FALSE, Second statement is TRUE

Both statements are TRUE

Both statements are FALSE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

S1: An economic model is considered a partial equilibrium model when some key microeconomic variables, such as prices of goods and services, are exogenous.

S2: The dynamic model of money is classified as a partial-equilibrium model

First statement is TRUE, Second statement is FALSE

First statement is FALSE, Second statement is TRUE

Both statements are TRUE

Both statements are FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

S1: When the central bank does not implement any policy during a recession, the price level will rise quickly.

S2: When the central bank does not implement any policy at full employment, the price level will rise quickly

First statement is TRUE, Second statement is FALSE

First statement is FALSE, Second statement is TRUE

Both statements are TRUE

Both statements are FALSE

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