Macroeconomics Quiz Feb 2021 (Tiffany)
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Macroeconomics Quiz - February 5, 2021
2 PAGES. Questions and Answers
Questions for Chapter 10:
What forces might turn an economic bust into an economic boom? What
forces might put an end to the boom?
When unwanted inventories pile up in retail stores, how is production affected?
How might construction industry job losses affect incomes in the clothing and travel industries?
Questions for Chapter 11:
How can you tell if the economy is in equilibrium? How could you estimate
the GDP gap?
What happens to aggregate demand when transfer payments and the taxes to pay them both rise by the same amount?
When Barack Obama was campaigning for president in 2008, he proposed more government spending paid for with higher taxes on “the rich.” What impact would those options have on macro equilibrium?
Questions for Chapter 12:
What is considered "too much" debt or "too large" a deficit? Are you able to provide any guidelines for deficit or debt ceilings?
A constitutional amendment has been proposed that would require Congress to balance the budget each year. Is it possible to balance the budget every year? Is it desirable?
How long would it take to pay off the national debt? How would the economy be affected?
[Solved] Macroeconomics Quiz Feb 2021 (Tiffany)
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