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Economics 8 comp review quiz Flashcards | StudBud
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Economics 8 comp review quiz
Economics 8 comp review quiz
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Questions
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Answers
1
The progressive income tax is NOT an automatic stabilizer
False
True
2
When price increases, what shift does demand make?
Demand does not shift
Demand shifts up
Demand shifts to the left
Demand shifts to the right
3
What are the shifters of aggregate supply? (select all that apply)
Change in resource prices
Changes in net exports
Changes in government actions
Changes in productivity
4
What affect does Contractionary Fiscal Policy have on government spending?
increases
resets
remains the same
decreases
5
Mr. Adams is cool
True
False
6
Which of the following is a type of unemployment?
Cyclical
Discouraged
Fractional
Cyndrical
7
Open Market Operations is......
when the discount rate is added to the reserve requirement
when the Federal reserve decreases the discount rate
The percentage of deposits that banks can not loan out
when the Federal reserve buys or sells a government bond
8
Which of the following is a Market Structure?
Sole Proprietorship
Oligopoly
Partnership
Corporation
9
Government action is a shifter of supply
True
False
10
There is a direct relationship between interest rate and quantity of money demanded
False
True
11
TRIDE is the acronym for the shifters of demand
False
True
12
Who is the head of the Federal reserve bank?
George L. Harrison
Jeffery Bezos
Jerome H. Powell
Kendrick Lamar
