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Devry econ 312 week 3 quiz

06/01/2021 Client: saad24vbs Deadline: 14 Days

ECON 312 Week 1 Quiz


1. Question: (TCO 6) Expansionary fiscal policy is so named because it


2. Question: (TCO 6) An economist who favors smaller government would recommend


3. Question: (TCO 6) The lag between the time and the need for fiscal action is recognized and the time the action is taken is referred to as the


4. Question: (TCO 5) The determinants of aggregate supply


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


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


7. Question: (TCO 6) The size of the MPC is assumed to be


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


9. Question: (TCO 6) The multiplier can be calculated as:


10. Question: (TCO 5) The American Recovery and Reinvestment Act of 2009


11. Question: (TCO 5) What effect would each of the following have on aggregate......? Explain.


12. Question: (TCO 6) Why do some economists believe that tax cuts are critical to help revive...?


ECON 312 Week 3 Quiz


1. Question: (TCO 3) Economic profits are calculated by subtracting


2. Question: (TCO 3) To economists, the main difference between the short run and the long...


3. Question: (TCO 3) Economists would describe the U.S. automobile industry as


4. Question: (TCO 3) A purely competitive seller is


5. Question: (TCO 3) Which of the following is correct?


6. Question: (TCO 3) Confronted with the same unit cost data, a monopolistic producer....


7. Question: (TCO 3) Monopolistic competition means


8. Question: (TCO 3) Product variety is likely to be greater in


9. Question: (TCO 3) Which of the following is the best example of oligopoly?


10. Question: (TCO 3) Concentration ratios measure the


11. Question: (TCO 3) What is the LAW OF DIMINISHING RETURNS, and why is this law...?




12. Question: (TCO 3) Identify the primary characteristics of monopolistic competition....


ECON 312 Week 5 Quiz


1. Question: (TCO 6) Expansionary fiscal policy is so named because it


2. Question: (TCO 6) An economist who favors smaller government would recommend


3. Question: (TCO 6) The lag between the time and the need for fiscal action is recognized and the time the action is taken is referred to as the


4. Question: (TCO 5) The determinants of aggregate supply


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


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


7. Question: (TCO 6) The size of the MPC is assumed to be


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


9. Question: (TCO 6) The multiplier can be calculated as:


10. Question: (TCO 5) The American Recovery and Reinvestment Act of 2009


11. Question: (TCO 5) What effect would each of the following have on aggregate......? Explain.


12. Question: (TCO 6) Why do some economists believe that tax cuts are critical to help revive...?



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