Theme 7. Models of macroeconomic equilibrium
1. The aggregate demand curve expresses the relationship between:
a) price level and total expenditure;
b) the level of prices and the real volume of GDP;
c) the level of prices and nominal volume of GDP;
d) the level of prices and consumer spending.
2. Keynesian segment on the aggregate supply curve:
a) has a positive slope;
b) has a negative slope;
c) a vertical line;
g) represented by the horizontal line.
3. The growth of aggregate supply will cause:
a) a decrease in the price level and the real GNP;
b) a decrease in the price level and growth of real GNP;
c) a decrease in the price level and the nominal GNP;
g) growth of nominal GNP and prices.
4. Keynesian AS curve segment growth of aggregate demand will lead to:
a) increase in the price level of GDP at constant volume;
b) increase in the real volume of GDP at constant price level;
c) the simultaneous increase in the price level and the real GNP;
d) an increase in the price level in the fall of real GNP.
5. The growth of taxes on business activities entails:
a) a reduction in aggregate demand at a constant volume of aggregate supply;
b) a reduction in aggregate supply at a constant volume of aggregate demand;
c) the simultaneous reduction in aggregate demand and aggregate supply;
d) reduction in aggregate supply and aggregate demand growth.
6. The aggregate supply curve expresses the relationship between:
a) price level and the amount of total expenditure;
b) the level of prices and the real volume of GDP produced;
c) the level of prices and actual consumption of GNP.
d) the level of prices and the volume of investments in the production of goods and services.
7. In the context of macroeconomic equilibrium in the economy:
a) there is always full employment of resources;
b) there is no inflation;
c) the level of interest rates is minimal;
d) all of the answers are wrong.
8. The intermediate segment of the aggregate supply curve shows:
a) depression in the economy;
b) the inflation costs;
c) inflation demand;
g) full utilization of resources.
9. The marginal propensity to consume - is:
a) the ratio of total consumption to total revenue;
b) changes in consumer spending caused by the change in income;
c) the ratio of growth in consumer spending growth to JPL;
d) the ratio of growth in consumer spending to the growth of savings.
10. In point threshold income:
a) savings equal income;
b) income is consumption;
c) income is zero;
d) the savings are equal to consumption.
11. Which of the following relationship expresses an inverse relationship:
a) the relationship between consumer spending and JPL;
b) the relationship between savings and the level of interest rates;
c) the relationship between the investment and the level of interest rates;
d) the relationship between investment and national income.
12. Reduction of JPL, ceteris paribus causes:
a) the increase in consumer spending and saving;
b) the growth of consumer spending and reduced saving;
c) a reduction in consumer spending and savings;
d) reduced consumer spending at a constant value savings.
13. investment impact:
a) interest rate;
b) the degree of technical equipment production;
c) the emergence of new technologies and products;
d) all of the previous answers are correct.