Ecn 211 final exam review - Study guides, Class notes & Summaries

ECN 211 Final Exam review Questions With Solutions entails the exchange of goods for goods - ANS Barter all the possible combinations of two goods that can be purchased, given money income and the prices of the goods - ANS The budget line shows? leftward shift in the economy's aggregate demand curve - ANS A contractionary fiscal policy is shown as a: Their face value is greater than their intrinsic value - ANS To say that coins are "token money" means that: Cause and...

ASU ECN 211 FINAL EXAM Review (Chapters 1-4, 6, 10-12, 15-17, 20-22)

Real GDP is commonly used for what? - correct answer Short run changes. When real GDP falls, so does what? - correct answer - Personal income - Corporate profits - Consumer spending - Investment spending - Industrial production When the overall economy declines that is due to what? - correct answer - Reduction in spending in factories - Housing - Inventory When real GDP declines, what happens to the unemployment rate? - correct answer It increases. What is the natural r...

ECN 211 Final Exam Review Questions and Answers (2023 / 2024) (Verified Answers)

ECN 211 Final Exam Review

ECN 211 Final Exam review

Real GDP is commonly used for what? - Short run changes. When real GDP falls, so does what? - - Personal income - Corporate profits - Consumer spending - Investment spending - Industrial production When the overall economy declines that is due to what? - - Reduction in spending in factories - Housing - Inventory When real GDP declines, what happens to the unemployment rate? - It increases. What is the natural rate of unemployment? - 5% or 6%. In the short run, what can money suppl...

Real GDP is commonly used for what? - Short run changes. When real GDP falls, so does what? - - Personal income - Corporate profits - Consumer spending - Investment spending - Industrial production When the overall economy declines that is due to what? - - Reduction in spending in factories - Housing - Inventory When real GDP declines, what happens to the unemployment rate? - It increases. What is the natural rate of unemployment? - 5% or 6%.

ASU ECN 211 FINAL EXAM Review (Chapters 1-4, 6, 10-12, 15-17, 20-22)

ASU ECN 211 FINAL EXAM Review (Chapters 1-4, 6, 10-12, 15-17, 20-22)