Liberty university econ 214 exam 3

 

Don't use plagiarized sources. Get Your Custom Essay on
Liberty university econ 214 exam 3
Just from $13/Page
Order Essay

Liberty University ECON 214 Exam 3

ECON 214 Exam 3

·         Question 1

2 out of 2 points

Refer to the following figure to answer the questions that follow.

According to the figure, if the government increases spending by only $4 billion in an effort to shift aggregate demand enough to return to long-run equilibrium, the marginal propensity to consume must be equal to:

·         Question 2

2 out of 2 points

When money is acting as a unit of account, it:

·         Question 3

2 out of 2 points

During economic expansions:

·         Question 4

2 out of 2 points

If the marginal propensity to consume is equal to 0.75, the spending multiplier is equal to:

·         Question 5

2 out of 2 points

Why did tax revenues fall so sharply after 2007?

·         Question 6

2 out of 2 points

Supply-side fiscal policy will lead to:

·         Question 7

2 out of 2 points

Which of the following is not a revenue source for the U.S. federal government?

·         Question 8

2 out of 2 points

When I decide to deposit $100 in cash into my savings account at the bank, how would this be reflected on the bank’s balance sheet?

·         Question 9

2 out of 2 points

Which of the following is not a component of M1?

·         Question 10

2 out of 2 points

If a bank has a required reserve ratio of 25% and there is $10,000 in deposits, what is the amount of required reserves?

·         Question 11

2 out of 2 points

If the economy begins to fall into a recession, one would expect Congress and the president to conduct:

·         Question 12

2 out of 2 points

What are federal funds?

·         Question 13

2 out of 2 points

Why is a budget deficit not necessarily a bad thing?

·         Question 14

2 out of 2 points

Supply-side fiscal policy initiatives take a long time to shift the aggregate supply curve to the right. As a result:

·         Question 15

2 out of 2 points

A budget is:

·         Question 16

0 out of 2 points

Payroll taxes:

·         Question 17

2 out of 2 points

Which of the following would be the theoretical outcome of expansionary fiscal policy in the following aggregate demand–aggregate supply model?

21

·         Question 18

2 out of 2 points

By 1918, the top marginal income tax rate in the United States rose to:

·         Question 19

2 out of 2 points

Time lags, crowding-out, and savings shifts are all:

·         Question 20

2 out of 2 points

Use the following example to answer the questions that follow:
Imagine that you deposit $25,000 in currency (which you had been storing in your closet), into your checking account at the bank. Assume that this institution has a required reserve ratio of 25%.

As a result of this deposit, by how much will the bank’s reserves increase?

·         Question 21

2 out of 2 points

In which of the following situations does money serve as a unit of account?

·         Question 22

2 out of 2 points

During which of the following situations would you advise for expansionary fiscal policy?

·         Question 23

2 out of 2 points

The wealthiest 20% of households in the United States:

·         Question 24

2 out of 2 points

Why do Social Security and Medicare pose problems for the federal government budget?

·         Question 25

2 out of 2 points

Use the following table to answer the questions that follow.

According to the table, the country with the lowest average yearly budget deficit over the time period is:

·         Question 26

2 out of 2 points

Lowering marginal income tax rates for individuals:

·         Question 27

2 out of 2 points

How is it that the banking system is able to lend by a multiple of its excess reserves?

·         Question 28

2 out of 2 points

Countercyclical fiscal policy:

·         Question 29

2 out of 2 points

Where MPC is the marginal propensity to consume, the formula for the spending multiplier is:

·         Question 30

2 out of 2 points

Refer to the following table to answer the questions that follow.

Using the table, what is the marginal income tax rate for someone who makes $67,000 per year?

·         Question 31

2 out of 2 points

The assertion that increases in government spending and decreases in taxes are largely offset by increases in savings is called:

·         Question 32

2 out of 2 points

Government programs that automatically implement countercyclical fiscal policy in response to economic conditions are called:

·         Question 33

0 out of 2 points

When the government borrows, the ___________ loanable funds shifts to the right, causing the interest rate to ___________, which causes private investment to ___________.

·         Question 34

2 out of 2 points

Mandatory outlays are different than discretionary outlays because:

·         Question 35

2 out of 2 points

The use of the money supply to influence the economy is:

·         Question 36

2 out of 2 points

The Laffer curve shows that:

·         Question 37

2 out of 2 points

When can a bank make loans?

·         Question 38

2 out of 2 points

When a bank decided to invest in cash-counting equipment and new cubicles for its loan officers, they were recorded on the bank balance sheet as:

·         Question 39

2 out of 2 points

Mandatory outlays:

·         Question 40

2 out of 2 points

____________ is/are considered a liability on a bank’s balance sheet.

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our Guarantees

At 111papers.com, we value all our customers, and for that, always strive to ensure that we deliver the best top-quality content that we can. All the processes, from writing, formatting, editing, and submission is 100% original and detail-oriented. With us, you are, therefore, always guaranteed quality work by certified and experienced writing professionals. We take pride in the university homework help services that we provide our customers.

Money-Back Guarantee

As the best homework help service in the world, 111 Papers ensures that all customers are completely satisfied with the finished product before disbursing payment. You are not obligated to pay for the final product if you aren’t 100% satisfied with the paper. We also provide a money-back guarantee if you don’t feel that your paper was written to your satisfaction. This guarantee is totally transparent and follows all the terms and conditions set by the company.

Read more

Zero-Plagiarism Guarantee

All products that we deliver are guaranteed to be 100% original. We check for unoriginality on all orders delivered by our writers using the most advanced anti-plagiarism programs in the market. We, therefore, guarantee that all products that we submit to you are 100% original. We have a zero-tolerance policy for copied content. Thanks to our strict no plagiarized work rule, you can submit your homework to your professor without worrying.

Read more

Free-Revision Policy

TThis is one of the most cherished courtesy services that we provide to help ensure that our customers are completely satisfied with our finished products. Delivering the best final product to our customers takes multiple inputs. 111papers.com prides itself on delivering the best university homework help services in the writing industry. And, in part, our free revision policy is how we do it. What’s more, all our revisions are 100% free without any strings attached.

Read more

Privacy Policy

Client privacy is important to use. We know and understand just how important customers value their privacy and always want to safeguard their personal information. Thus, all the information that you share with us will always remain in safe custody. We will never disclose your personal information to any third party or sell your details to anyone. 111 Papers uses the most sophisticated, top-of-the-line security programs to ensure that our customers’ information is safe and secured.

Read more

Fair-Cooperation Guarantee

Placing your order with us means that you agree with the homework help service we provide. We, in turn, will endear to ensure that we do everything we can to deliver the most comprehensive finished product as per your requirements. We will also count on your cooperation to help us deliver on this mandate. Yes, we also need you to ensure that you have the highest-quality paper.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency