Ecn 211 final - Study guides, Class notes & Summaries

ECN 211 ASU FINAL EXAM MARBURGER QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+ LATEST UPDATE 2024/2025

ECN 211 Final Exam Terms Demand-Pull Inflation Correct Answer-increases in the price level (inflation) resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand Cost-Push Inflation Correct Answer-increases in the price level (inflation)resulting from an increase in resource costs (for example, raw material prices) and hence in per unit production costs; inflation caused by reductions in aggregate supply Wealth Effect Correct Ans...

ECN 211 Final Exam 113 Questions with Correct Answers 100% Verified scarcity - Correct Answer the limited nature of society's resources Opportunity cost - Correct Answer Whatever must be given up to obtain some item principles of specialization and exchange - Correct Answer trade can benefit everyone in society because it allows people to specialize in activities in which they have comparative advantage Absolute advantage - Correct Answer The ability to produce a good using fewer inpu...

ECN 211 Final (Exams 1, 2, 3) ASU Douglas

ECN 211 Final Exam with complete solution

Demand-Pull Inflation Correct Answer-increases in the price level (inflation) resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand Cost-Push Inflation Correct Answer-increases in the price level (inflation)resulting from an increase in resource costs (for example, raw material prices) and hence in per unit production costs; inflation caused by reductions in aggregate supply Wealth Effect Correct Answer-A change in the real va...

ECN 211 FINAL EXAM ASU LATEST ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES|AGRADE

ECN 211 Final Test Exam Questions & Revised Correct Answers With Explanation Latest Update | Already Passed!! 1. When economic growth ___, fiscal policy should be ____. a. slows; contractionary b. accelerates; accelerated c. slows; expansionary d. accelerates; expansionary - ANSWER : slows, expansionary 1. Expansionary monetary policy aids the economy by a. encouraging imports through a lower exchange rate. b. encouraging exports through a higher exchange rate. c. encouraging imp...

ECN 211 Final Exam review with complete solution

ECN 211 Final Hill ASU 70 Questions with Complete Solutions 2 problems with borrowing - Correct Answer risk and foolishness invest for 2 reasons - Correct Answer return is high, cost of borrowing is low When should the government borrow and save? - Correct Answer borrow in bad times, save in good times risk - Correct Answer borrowing to invest, does not pay off the way it was expected foolishness - Correct Answer people with lots of credit are often riskier and make bad decisions ...