Exam 5: Economic Growth, the Financial System and Business Cycles

Use the 'rule of 70' to illustrate how small differences in growth rates can have a large impact on how rapidly the standard of living in a country increases. _ _

(Essay)

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Question 101

If an economy is growing at a rate of 2.3% per year, how long will it take the economy to double in size?

(Multiple Choice)

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Question 102

What is the ease with which a financial security can be exchanged for money?

(Multiple Choice)

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Question 103

'Labour productivity' is the quantity of:

(Multiple Choice)

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Question 104

If GDP grows at a rate of 2.8% per year, approximately how long will it take for GDP to double in size?

(Multiple Choice)

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Question 105

A decrease in public saving has what impact on the market for loanable funds?

(Multiple Choice)

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Question 106

Total motor vehicle sales in Australia:

(Multiple Choice)

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Question 107

If GDP grew 3% in 2015, 2.8% in 2016 and 2.4% in 2017, then what is the average annual growth rate over this period?

(Multiple Choice)

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Question 108

An increase in the real interest rate results in which of the following?

(Multiple Choice)

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Question 109

A 'recession' is often defined as:

(Multiple Choice)

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Question 110

As the economy nears the end of an expansion, interest rates usually and wages rise more than prices.

(Multiple Choice)

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Question 111

What happens during the contraction phase of the business cycle?

(Multiple Choice)

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Question 112

Over the past 100 years, economic growth has health, and health has economic growth.

(Multiple Choice)

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Question 113

If technological change increases the profitability of new investment for firms, then the curve for loanable funds will shift to the and the equilibrium real interest rate will .

(Multiple Choice)

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Question 114

Financial markets and financial intermediaries comprise the financial system in Australia.

(True/False)

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Question 115

Long-run economic growth is measured by changes in real GDP per person over time.

(True/False)

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Question 116

Let Y = total income; C = consumption; G = government purchases; T = taxes; TR = transfer payments. Total saving in the economy can be expressed as:

(Multiple Choice)

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Question 117

How do financial intermediaries affect risk in the financial market? _ _

(Essay)

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Question 118

A period of economic expansion ends with a business cycle trough.

(True/False)

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Question 119

A 'technical recession' is defined as:

(Multiple Choice)

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Question 120

Use the 'rule of 70' to illustrate how small differences in growth rates can have a large impact on how rapidly the standard of living in a country increases. _ _

If an economy is growing at a rate of 2.3% per year, how long will it take the economy to double in size?

What is the ease with which a financial security can be exchanged for money?

'Labour productivity' is the quantity of:

If GDP grows at a rate of 2.8% per year, approximately how long will it take for GDP to double in size?

A decrease in public saving has what impact on the market for loanable funds?

Total motor vehicle sales in Australia:

If GDP grew 3% in 2015, 2.8% in 2016 and 2.4% in 2017, then what is the average annual growth rate over this period?

An increase in the real interest rate results in which of the following?

A 'recession' is often defined as:

As the economy nears the end of an expansion, interest rates usually and wages rise more than prices.

What happens during the contraction phase of the business cycle?

Over the past 100 years, economic growth has health, and health has economic growth.

If technological change increases the profitability of new investment for firms, then the curve for loanable funds will shift to the and the equilibrium real interest rate will .

Financial markets and financial intermediaries comprise the financial system in Australia.

Long-run economic growth is measured by changes in real GDP per person over time.

Let Y = total income; C = consumption; G = government purchases; T = taxes; TR = transfer payments. Total saving in the economy can be expressed as:

How do financial intermediaries affect risk in the financial market? _ _

A period of economic expansion ends with a business cycle trough.

A 'technical recession' is defined as:

Economics: Foundations and Models

Choices and Trade Offs in the Market

Where Prices Come From: the Interaction of Demand and Supply

Gdp: Measuring Total Production, Income and Economic Growth

Long-Run Economic Growth: Sources and Policies

Unemployment

Inflation

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money, Banks and the Reserve Bank of Australia

Monetary Policy

Fiscal Policy

Macroeconomics in an Open Economy

The International Financial System

Filters

Exam 5: Economic Growth, the Financial System and Business Cycles

If an economy is growing at a rate of 2.3% per year, how long will it take the economy to double in size?

What is the ease with which a financial security can be exchanged for money?

'Labour productivity' is the quantity of:

If GDP grows at a rate of 2.8% per year, approximately how long will it take for GDP to double in size?

A decrease in public saving has what impact on the market for loanable funds?

Total motor vehicle sales in Australia:

If GDP grew 3% in 2015, 2.8% in 2016 and 2.4% in 2017, then what is the average annual growth rate over this period?

An increase in the real interest rate results in which of the following?

A 'recession' is often defined as:

As the economy nears the end of an expansion, interest rates usually ________ and wages rise more ________ than prices.

What happens during the contraction phase of the business cycle?

Over the past 100 years, economic growth has ________ health, and health has ________ economic growth.

If technological change increases the profitability of new investment for firms, then the ________ curve for loanable funds will shift to the ________ and the equilibrium real interest rate will ________.

Financial markets and financial intermediaries comprise the financial system in Australia.

Long-run economic growth is measured by changes in real GDP per person over time.

Let Y = total income; C = consumption; G = government purchases; T = taxes; TR = transfer payments. Total saving in the economy can be expressed as:

How do financial intermediaries affect risk in the financial market? _____________________________________________________________________________________________ _____________________________________________________________________________________________

A period of economic expansion ends with a business cycle trough.

A 'technical recession' is defined as:

Economics: Foundations and Models

Choices and Trade Offs in the Market

Where Prices Come From: the Interaction of Demand and Supply

Gdp: Measuring Total Production, Income and Economic Growth

Long-Run Economic Growth: Sources and Policies

Unemployment

Inflation

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money, Banks and the Reserve Bank of Australia

Monetary Policy

Fiscal Policy

Macroeconomics in an Open Economy

The International Financial System

Filters

As the economy nears the end of an expansion, interest rates usually and wages rise more than prices.

Over the past 100 years, economic growth has health, and health has economic growth.

If technological change increases the profitability of new investment for firms, then the curve for loanable funds will shift to the and the equilibrium real interest rate will .

How do financial intermediaries affect risk in the financial market? _ _