Microeconomics > QUESTIONS & ANSWERS > Sophia Macro Unit 3 Challenge 3 Questions and Answers (All)
Sophia Macro Unit 3 Challenge 3 Questions and Answers
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In the GDP model, investment (I) could be considered all of the following EXCEPT __________. c.) the purchase of a stock Using the GDP model, which of the following often happens during a recession... ? d.) Government spending (G) will be greater than taxes (T). Which of the following is NOT included in the expenditure approach for calculating GDP? b.) Consumer income The Marginal Propensity to Consume (MPC) is __________. b.) the amount of additional income spent in the economy Which of the following is an example of expansionary policy? c.) Decrease in taxes Which of the following statements about expansionary fiscal policy is true? b.) It is when government expenditures exceeds tax revenues. The Phillips Curve shows the trade-off between __________. c.) inflation and unemployment Contractionary fiscal policy is enacted in order to __________. This study source was downloaded by 100000831988016 from CourseHero.com on 06-22-2022 16:04:37 GMT -05:00 https://www.coursehero.com/file/76353073/Macro-Unit-3-Challange-3docx/ a.) fight inflation Using the GDP model, taxes initiated to finance government spending are subtracted from __________. a.) consumption and investment Government securities that are issued for a time period between one and 10 years are known as __________. c.) notes U.S. debt in the form of bills, notes and bonds are sold by the __________. d.) U.S. Treasury Which of the following is true concerning government bonds? b.) The yield increases when market price falls. Economic growth is measured by the __________. d.) GDP, adjusted for inflation over time How does treasury debt held by foreigners decrease economic growth? b.) Interest payments to foreigners comes from U.S. tax revenues. When the government finances debt, interest m [Show More]
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