Health Care > SOPHIA Milestone > Sophia Learning - Macroeconomics - Final Milestone (All)
Sophia Learning - Macroeconomics - Final Milestone
Document Content and Description Below
Which of the following is true about exchange rates? • They often change as a result of changing economic conditions in one country compared to another. • A country's exchange rate will depend... on how much supply and demand exist for its currency. • Exchange rates matter when making international purchases or traveling abroad. • All of the above are true regarding exchange rates. CONCEPT Foreign Exchange and Currency 2 Select the statement below that is true of ONLY price ceilings. • Are binding when they are above equilibrium • Can create a shortage of product • The market clears, there are no shortages or surpluses • Sophia :: Welcome Page 1 of 12https://capella.sophia.org/spcc/macroeconomics-2/milestone_take_feedbacks/5160679 8/10/2020Your text here 1 The market is allowing for trade to occur between buyers and sellers CONCEPT Binding & Non-Binding Constraints 3 Which statement below about expansionary fiscal policy is true? • It generally has a negative effect on GDP. • If it is based on a tax cut, it will trigger the multiplier effect. • It could include lowering interest rates. • It could include decreasing the reserve requirement. CONCEPT Expansionary Policy 4 If the reserve requirement for a bank is 25%, $15 in M0 will lead to which of the following amounts of money of M1? • $45 • $4 • $15 • $60 CONCEPT Reserve Requirement 5 Laura is willing to pay as much as $1,000 for a wedding dress but is happy to find one she likes that costs $300. Select the term below that corresponds to this situation. Sophia :: Welcome Page 2 of 12https://capella.sophia.org/spcc/macroeconomics-2/milestone_take_feedbacks/5160679 8/10/2020 • Consumer surplus • Equilibrium • Ceteris paribus • Producer surplus CONCEPT Consumer Surplus 6 Private loan seekers getting crowded out of the loan market by the government is a(n) __________. • criticism of fiscal policy • advantage of fiscal policy • criticism of monetary policy • advantage of monetary policy CONCEPT Pros and Cons of Monetary and Fiscal Policy 7 Which statement below about producer surplus is NOT true? • When producer surplus drops to zero, firms stop producing. • Producer surplus is basically the same a [Show More]
Last updated: 2 years ago
Preview 1 out of 12 pages
Buy this document to get the full access instantly
Instant Download Access after purchase
Buy NowInstant download
We Accept:
Reviews( 0 )
$10.00
Can't find what you want? Try our AI powered Search
Document information
Connected school, study & course
About the document
Uploaded On
Sep 17, 2022
Number of pages
12
Written in
Additional information
This document has been written for:
Uploaded
Sep 17, 2022
Downloads
0
Views
94
