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LU DEE LU DEE
wrote...
Posts: 542
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5 years ago
If your nominal wage rises faster than the price level, we can say your real wage has ________ and the purchasing power of your income has ________.
 
  A) risen; risen B) fallen; risen C) risen; fallen D) fallen; fallen



Ques. 2

Part of the spending on the Doyle Drive project in northern California came from the American Reinvestment and Recovery Act, which is an example of ________ aimed at increasing real GDP and employment.
 
  A) an automatic stabilizer B) a transfer payment
  C) discretionary fiscal policy D) contractionary fiscal policy



Ques. 3

When Javier's income increases by 5,000, he spends an additional 3,750 dollars. This implies that his marginal propensity to consume is 0.75.
 
  Indicate whether the statement is true or false



Ques. 4

Foreign direct investment occurs when a Chinese corporation
 
  A) opens a new Chinese factory.
  B) purchases stock issued in China.
  C) purchases 1,000 shares of stock issued by an American company.
  D) opens a new factory in France.



Ques. 5

A firm might prefer a commission system of compensation when the nature of the work is repetitive and monotonous and can be performed by an individual.
 
  Indicate whether the statement is true or false



Ques. 6

If money demand is extremely sensitive to changes in the interest rate, the money demand curve becomes almost horizontal. If the Fed expands the money supply under these circumstances, then the interest rate will
 
  A) change very little and investment and consumer spending will change very little.
  B) rise substantially and investment and consumer spending will rise substantially.
  C) fall substantially and investment and consumer spending will fall substantially.
  D) fall substantially and investment and consumer spending will change very little.



Ques. 7

What does a Lorenz curve illustrate?
 
  A) the change over time in the percentage of households with incomes that place them below the poverty line
  B) the share of taxes paid by different groups of households
  C) the distribution of income within a country in a given time period
  D) a comparison of the distribution of income in two different countries
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Answer verified by a subject expert
molly123456789molly123456789
wrote...
Posts: 328
5 years ago
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(Answer to Q. 1)  A

(Answer to Q. 2)  C

(Answer to Q. 3)  TRUE

(Answer to Q. 4)  D

(Answer to Q. 5)  TRUE

(Answer to Q. 6)  A

(Answer to Q. 7)  C
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LU D. Author
wrote...
5 years ago
Confirmed correct!
wrote...
5 years ago
Cool, thanks for replying back
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