ECO 203 ECO203 WEEK 3 QUIZ ANSWERS - 2019 - ASHFORD
Ashford ECO 203 Week 3 Quiz Answers - 2019
1. In the simple Keynesian model, if output exceeds aggregate expenditure (AE), then __________.
2. Practically speaking, an effective deficit-reduction policy must accept all of the following truths EXCEPT __________.
3. According to Keynesian theory, the smaller the marginal propensity to save, __________.
4. In 2011, when the United States reached its debt ceiling, by how much was the debt limit increased?
5. During the revolutionary changes in Eastern Europe from 1989 to 1991, some economies came close to consuming all their inventories and depleting capital. This process is known as __________.
6. Early Keynesian economists called for __________.
7. According to the Keynesian view, why are voluntary changes in spending by the private sector NOT a reliable source of changes in aggregate expenditure?
8. According to Keynes, in what scenario could planned saving exceed planned investment at the full-employment level of output?
9. When aggregate planned expenditure is less than full-employment aggregate output in the presence of full employment, there is __________.
10. Consider that a federal deficit exists. What might this indicate that the president and Congress are doing fiscally?
No comments:
Post a Comment