Macro Ecnomics for FBU
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each of the black spaces below before clicking
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| Say's Law is | show 🗑
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| show | What if savings and investment were not equal?
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| show | The classical economists
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| At Equilibrium GDP | show 🗑
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| show | The classical believed the equilibrium GDP and full employment GDP are equal but Keynes did not
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| show | the classicals by not by keynes
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| According to the classical economist, if the amount of money people are planning to invest is greater than the amount that people want to save | show 🗑
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| which best describes the classical theory of employment | show 🗑
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| According to the classicals, Our ecnonomy can produce beyond the full employment output | show 🗑
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| according the Keynes and equilibrium below full employment is | show 🗑
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| To fight a depressiong keynes said that the government should | show 🗑
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| underwhat condidtion will an increase in aggregate demand result in no increase in the price level | show 🗑
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| The price level rises more rapidly as the maximum output level is approached along an aggregate supply curve because | show 🗑
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| The classical theory of employment held that | show 🗑
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| show | sums up say's law
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| show | The interest rate would equate saving and investment and thereby cause say's law to be valid
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| show | Raise G and lower Taxes
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| Budgets deficits are appropriate during | show 🗑
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| show | They have helped smooth out the business cycle
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| show | make out recessions into depressions
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| If equilibrium GDP is 1 trillion greater that full employment GDP and there is an inflationary gap of 250 billion the multiplier is | show 🗑
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| show | 2.5
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| show | 200 Billion
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| If full employment GDP is $500 billion greater than equilibrium GDP and the multiplier is 5, there is a recessionary gap | show 🗑
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| We have an inflationary gap when | show 🗑
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| show | Over 50 percent of the outstanding public debt is owed by foreigners.
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| show | Weak aggregate demand
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| show | A budget surplus
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| show | GOLD
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| show | M@ is about five times the size of M1
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| show | The price levels rises and credit availability falls
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| Back in the middle ages the only safe place to put your money was | show 🗑
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| All large finacial institutions have to hold a reserve of almost ______% of their demand deposits | show 🗑
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| show | GOLD
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| show | C.
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| Money is created when someone | show 🗑
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| bank deposit creation is limited by | show 🗑
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| John Maynard Keynes said that people have three motives for holding money. Each of the following is a Keynesian motive except A. inflation. B. transactions. C. speculative. D. precautionary. | show 🗑
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| show | Speculative
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| The moment modern Banking was born was when | show 🗑
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| Which is true? A. M1 is part of M2, but M2 is not part of M3. B. M1 is not part of M2, but M2 is part of M3. C. M1 is part of M2, and M2 is part of M3. D. None of the choices are true. | show 🗑
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| show | The price level rises and interest rates fall
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| show | 1913
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| When there is great deal of inflation the fed will | show 🗑
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| Our currency is issued by | show 🗑
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| show | C.
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| Which statement is true? A. Actual reserves – required reserves = excess reserves. B. Required reserves – actual reserves = excess reserves. C. Required reserves + actual reserves = excess reserves. D. None of the statements are true. | show 🗑
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| show | your bank's deposits would go down by $37.55 and its reserves would go down by $37.55.`
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| show | c.
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| Prior to October 2008, commercial banks tended to hold relatively small amounts of excess reserves because | show 🗑
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| show | True
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| show | equal to total reserves minus excess reserves
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| If the required reserve ratio was lowered | show 🗑
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| The federal open marker committee has ______ members | show 🗑
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| show | the federal reserve
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| During the course of bad recession the fed would probably be doing each of the following except | show 🗑
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| The federal open market committee is made up of all of the following except | show 🗑
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| The board of governors of the federal reserve is independent of | show 🗑
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| Which of the following federal reserve banks is most instrumental in carrying out the policy directive of the board of governors | show 🗑
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| show | . excess reserves in commercial banks are increased immediately.
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| show | the reciprocal of the reserve ratio
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Created by:
AWherle
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