100 200 300 400 500 Column A AColumn B BColumn C CColumn D
DColumn E E Column F
Slide 6
A 100
Slide 7
Draw the regular D and S graph. Draw a dot showing a decrease
in P and a decrease in Q Figure out what could have caused that by
drawing in the lines. Decrease in demand and no change in supply A
100
Slide 8
A 200
Slide 9
If the budget deficit increases(more spending than taxes in a
given year) it will increase the gov.s demand for loans. If the
gov., increases demand for loans, IR will increase. A 200
Slide 10
1.Suppose that in an economy with lump- sum (disregard) taxes,
autonomous (disregard) investment spending increases by $10
million. If the marginal propensity to consume is 0.8, equilibrium
gross domestic product will change by a maximum of: 2.New scenario,
taxes decrease by the same amount assuming the same MPC A 300
Slide 11
1.Spending multiplier: 1/MPS 1/.2=5 5 * positive 10 million= 50
million increase 2.Tax multiplier: -MPC/MPS -.8/.2= -4 -4 *
negative (decrease) $10 million= 40 million increase A 300
Slide 12
A 400
Slide 13
A-D will increase the productivity of labor. Just because the
labor force increases does not necessarily mean that they will be
more productive. However, all A-E would shift the PPC outward and
the LRAS to the right. Why? They are all an increase in resources.
A 400
Slide 14
A 500
Slide 15
MPC is the change in spending brought by a change in income. If
income increases by 10,000 and the MPC is point.8, then consumption
will increase by 8,000 A 500
Slide 16
B 100
Slide 17
Most of you know that inside is inefficient or unemployment, on
the line is (productively efficient, and outside is currently
unattainable. Missed on last testonly one point of the curve
represents the best mix of goods. B 100
Slide 18
B 200
Slide 19
If set at a balanced budget at full employment, thendeficit
during recession (more spending, less taxes) and surplus during
inflation B 200
Slide 20
B 300
Slide 21
C
Slide 22
B 400
Slide 23
If a decrease in exports, the AD will decrease. Find a FISCAL
POLICY that will increase AD.-- B B 400
Slide 24
B 500
Slide 25
C
Slide 26
C 100
Slide 27
D
Slide 28
C 200
Slide 29
E
Slide 30
C 300
Slide 31
Best answer is C. Choice A could increase economic growth b/c
an increase in population is an increase in resources, but would
probably not increase per capita RGDP, which is the best measure of
the standard of living. C 300
Slide 32
DAILY DOUBLE C 400 DAILY DOUBLE Place A Wager
Slide 33
C 400
Slide 34
B
Slide 35
C 500
Slide 36
MPC is.9 Then, MPS is.1 Gov spending increases by $100, but
exports decrease by $60. So, $40 injection. 1/.1=10 10 x 40=400--B
C 500
Slide 37
D 100
Slide 38
A
Slide 39
D 200
Slide 40
C
Slide 41
D 300
Slide 42
D
Slide 43
D 400
Slide 44
B
Slide 45
D 500
Slide 46
Down the Phillips Curve=decrease in AD B D 500
Slide 47
E 100
Slide 48
E Talk about LRAS, LRPC, and PPC E 100
Slide 49
E 200
Slide 50
Correct Response Two E E 200
Slide 51
Question Number Three E E 300
Slide 52
B
Slide 53
Question Number Four E E 400
Slide 54
SRAS decreases--A E 400
Slide 55
E 500
Slide 56
A
Slide 57
F 100
Slide 58
D
Slide 59
F 200
Slide 60
C
Slide 61
F 300 Draw crowding out. 1.Show an economy in a recession in
one color. 2.After expansionary fp, what happens to AD/ 3.Due to
expansionary FP, what happens to the budget? 4.Draw the loanable
funds graph. What happens as a result of #3. What happened to the
RIR? 5.What will happen to interest-sensitive consumption spending
and businesses purchase of capital goods (AD)? 6.What will happen
to long-run growth?
Slide 62
F 300
Slide 63
F 400 1.Draw an economy in full employment equilibrium.
2.Businesses inflationary expectations increase. What happens to
SRAS? 3.What happened to inflation? 4.What happened to REAL wages?
Take note--In the SRnominal wages stay the same (unless other wise
stated). 5.After #2, show the change in the Phillips Curve
Slide 64
F 400
Slide 65
F 500 1.Does unanticipated inflation help net creditors or net
debtors? EXPLAIN. Netafter subtracting EX. My husband and I owe
$100,000 on our student loans and $140,000 on our house. If we have
$10,000 in savings (our saving are loaned out to others), then we
are NET DEBTORS by $230,000.
Slide 66
F 500
Slide 67
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Slide 68
Final Jeopardy Question Click on screen to continue
Slide 69
Correct Final Jeopardy Response Click on screen to
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Slide 70
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