Blog

(04.07 MC) In a closed economy, national savings can be defined as the sum of

(01.06 HC) Use the graph to answer the question that follows.Which of the following is responsible for the change in demand and supply of silk shirts from X1 to X2?

(04.05 MC) The graph below shows the changes in the money market due to an increase in the reserve requirement by the central bank.Which point on the graph is the new point of equilibrium in the money market?

(02.06 MC) Use the data table to answer the question that follows. Year Nominal GDP GDP Deflator 1 $640 billion 160 2 $1050 billion 175 By how much did the value of output, adjusted for inflation, change from Year 1 to Year 2?

(03.02 MC) Assume that the marginal propensity to save is 0.2 (or 20%), what is the maximum value of the spending multiplier in the economy?

(03.03 MC) Use the graph to answer the question that follows.Comparing points A and B on this graph, which of the following is true?

(02.06 MC) Suppose Country ‘X’ is producing an output of 300 units of a certain good at $3 per unit in 2017. With time, the price level rises from $3 per unit to $5 per unit in 2018 while the amount of output produced remains same. Which of the following is true for the given situation?

(05.04 MC) Which of the following will lead to an increase in a country’s existing national debt?

(05.03 MC) Assume that an economy is characterized by its efficient use of available human resources. The central bank of this economy enacted the expansionary monetary policy that influences the available money supply. Which of the following is true in this scenario?

(02.02 MC) Which of the following represents a limitation in the measurement of the GDP?