FINAL EXAM - PART 1_ Attempt review

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San Francisco State University *

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Economics

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May 17, 2024

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5/22/23, 9:33 PM FINAL EXAM - PART 1: Attempt review https://ilearn.sfsu.edu/ay2223/mod/quiz/review.php?attempt=578282&cmid=383490 1/7 My Courses / ECON030201-S23R-2023 / Finals Week - FINAL EXAM / FINAL EXAM - PART 1 Started on Monday, May 22, 2023, 8:11 PM State Finished Completed on Monday, May 22, 2023, 9:26 PM Time taken 1 hour 15 mins Grade 17.00 out of 20.00 ( 85 %) Question 1 Complete 1.00 points out of 1.00 Question 2 Complete 1.00 points out of 1.00 Question 3 Complete 1.00 points out of 1.00 Which of the following macroeconomic variables would you NOT include in an index of leading indicators? Select one: a. Money Supply b. Stock Prices c. Inflation d. Residential Investment In the IS-LM model when the economy is NOT at full-employment, the intersection of the LM curve and IS curve determines equilibrium output (Y*). Select one: True False Which of the following is NOT true about the Great Depression? Select one: a. It consisted of 2 business cycles b. Economic activity slowed down and GDP contracted by approximately 30% c. A large number of banks failed d. Unemployment rate rose to a peak of 15%
5/22/23, 9:33 PM FINAL EXAM - PART 1: Attempt review https://ilearn.sfsu.edu/ay2223/mod/quiz/review.php?attempt=578282&cmid=383490 2/7 Question 4 Complete 1.00 points out of 1.00 Question 5 Complete 0.00 points out of 1.00 Question 6 Complete 1.00 points out of 1.00 Which of the following macroeconomic variables is NOT procyclical? Select one: a. Employment b. Unemployment c. Stock prices d. Nominal interest rate The primary instrument of monetary policy of the Federal Reserve Bank (FED) is Select one: a. Discount rate b. Market rate c. Prime rate d. Federal Funds rate According to the Solow Growth Model, at the steady state Select one: a. Capital per worker, output per worker, and consumption per worker all grow at the rate of n, and aggregate capital(K), output(Y) and consumption(C) are constant b. Capital per worker, output per worker, and consumption per worker are constant, and aggregate capital(K), output(Y) and consumption(C) grow at the positive rate of n. c. Capital per worker, output per worker, and consumption per worker all grow at the rate of n, as do aggregate capital(K), output(Y) and consumption(C) grow at the rate of n d. Capital per worker, output per worker, and consumption per worker are constant, and so are aggregate capital (K), output(Y) and consumption(C) constant
5/22/23, 9:33 PM FINAL EXAM - PART 1: Attempt review https://ilearn.sfsu.edu/ay2223/mod/quiz/review.php?attempt=578282&cmid=383490 3/7 Question 7 Complete 1.00 points out of 1.00 Question 8 Complete 1.00 points out of 1.00 Question 9 Complete 1.00 points out of 1.00 Question 10 Complete 1.00 points out of 1.00 Which of the following is NOT performed by the Federal Reserve? Select one: a. Conducting open market operations b. Conducting economic research c. Issuing new currency d. Issuing Treasuries When an economy is in a deep recession then which of the following is likely true? Select one: a. Output is below potential, unemployment is high, consumer confidence is high b. Output is above potential, inflation is high, consumer confidence is low c. Output is below potential, unemployment is low, consumer confidence is high d. Output is below potential, inflation is falling, unemployment is high Which of the following shocks will cause the LM curve to shift inwards? Select one: a. Rise in interest rate on money b. Rise in nominal money supply c. Fall in the Price Level d. Fall in government spending The Federal Reserve's response to the COVID-19 Crisis included Quantitative Easing, which was also conducted in response to the Financial Crisis of 2008. Select one: True False
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