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Quiz

Seminar 9

Gio Gobronidze 12 Fragen Aktualisiert am 14 Jun 2016

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Fragen in diesem Quiz (12)

  1. 1 Human wealth is
    1. AA) the present discounted value of expected future after-tax labor income.
    2. BB) the sum of financial and housing wealth.
    3. CC) the discounted present value of all financial assets.
    4. DD) financial wealth minus housing wealth.
    5. EE) total wealth minus housing wealth
  2. 2 Which of the following would cause an increase in human wealth?
    1. AA) a permanent increase in salary
    2. BB) an increase in the value of one's house
    3. CC) an increase in the value of one's stock portfolio
    4. DD) all of the above
    5. EE) none of the above
  3. 3The "life cycle" and "permanent income" theories of consumption share which of the following
    features?
    1. AA) consumption spending depends on income, rather than wealth.
    2. BB) consumption spending should fluctuate widely from year to year.
    3. CC) consumers look ahead to the future in making current spending decisions.
    4. DD) all of the above
    5. EE) none of the above
  4. 4Which of the following statements is true?

    1. AA) a change in sales should have more impact on current investment if it is expected to be permanent
      rather than temporary.
    2. BB) on a percentage basis, investment is more volatile than consumption.
    3. CC) in terms of dollars, investment and consumption are about equally volatile.
    4. DD) all of the above
    5. EE) none of the above
  5. 5Which of the following events would likely cause the largest reduction in current consumption?
    1. AA) a permanent reduction in annual salary of $2000
    2. BB) a one-time tax increase of $4000
    3. CC) a one-time reduction in income (e.g. a bonus) of $4000
    4. DD) both B and C
  6. 6 Investment depends on
    1. AA) current profit.
    2. BB) present value of of expected future profits.
    3. CC) user cost of capital.
    4. DD) all of above
    5. EE) both A and B
  7. 7 Which of the following will cause aggregate private spending to decrease?
    1. AA) a reduction in government spending
    2. BB) an increase in expected future interest rates
    3. CC) an increase in expected future taxes
    4. DD) all of the above
    5. EE) none of the above
  8. 8The IS curve becomes steeper when
    1. AA) government spending is relatively small.
    2. BB) the income tax rate in the current period is relatively small.
    3. CC) current changes in the real interest rate cause large changes in current real output.
    4. DD) changes in the current real interest rate cause small changes in current demand.
    5. EE) none of the above
  9. 9Suppose individuals now believe that there will be a future tax cut. This reduction in expected
    future taxes will cause which of the following to occur in the current period?

    1. AA) the LM curve to shift down
    2. BB) the LM curve to shift up
    3. CC) the IS curve to shift rightward
    4. DD) the IS curve to shift leftward
    5. EE) none of the above
  10. 10Suppose there is an increase in expected future output. This will cause which of the following to
    occur?
    1. AA) the IS curve to shift left in the current period
    2. BB) the IS curve to shift right in the current period
    3. CC) the LM curve to shift up in the current period
    4. DD) the LM curve to shift down in the current period

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Beschreibung
Quiz am Seminar 9, erstellt von Gio Gobronidze am 30/05/2016.
Sprache
English
Aufrufe
8
Verlauf
Erstellt am 30 Mai 2016 · aktualisiert am 14 Jun 2016
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