ECON 312 Week 5 Quiz (Example 1)

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ECON 312 Week 5 Quiz (Example 1)

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1.     (TCO 6) Fiscal policy refers to the

2.     (TCO 6) Suppose that the economy is in the midst of a recession. Which of the following policies would most likely end the recession and stimulate output growth?

3.     (TCO 6) The crowding-out effect of expansionary fiscal policy suggests that

4.     (TCO 5) Which of the following would not shift the aggregate supply curve?

5.     (TCO 6) Other things equal, a reduction in personal and business taxes can be expected to

6.     (TCO 6) The MPC can be defined as that fraction of a

7.     (TCO 6) Dissaving means

8.     (TCO 5) Refer to the graph. Which of the following factors will shift AD1 to AD3?  

9.     (TCO 6) The multiplier is

10.   (TCO 5) The American Recovery and Reinvestment Act of 2009 was implemented primarily to

11.   (TCO 5) What effect would each of the following have on aggregate demand or aggregate 

12.   (TCO 6) Why do some economists believe that tax cuts are critical to help revive an economy experiencing a recession?