ECO 561 Final Exam: ECO 561 - If a firm in a purely competitive industry

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17) Inflation is undesirable because it A. arbitrarily redistributes real income and wealth B. invariably leads to hyperinflation C. usually is accompanied by declining real GDP D. reduces everyone’s standard of living in the same proportion 18) An economy’s aggregate demand curve shifts leftward or rightward by more than changes in initial spending because of the A. net export effect B. wealth effect C. real-balances effect D. multiplier effect Complete paper here:- eco 561 final exam 2016 http://www.studentwhiz.com/
19) Suppose productivity rises in a particular economy, but wages stay the same. Other things equal, A. the demand curve will shift leftward B. the supply curve will shift rightward C. the supply curve will shift leftward D. expenditures curve will shift rightward 20) If personal taxes were decreased and resource productivity increased simultaneously, the equilibrium A. output would rise B. output would fall C. price level would necessarily fall D. price level would necessarily rise http://www.studentwhiz.com/
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Page 3 and 4: 3) In which of the following indust
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Page 7 and 8: 11) Price is constant or given to t
Page 9: 15) Investing in R&D is more likely
Page 13 and 14: 23) GDP understates the value of ou
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ECO 561 Final Exam: ECO 561 - If a firm in a purely competitive industry

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