Question 1

Intertemporal decisions involve economic decisions

Accepted Answer

A)  made within a given period of time. 
B)  made in between two periods of time. 
C)  involving trade-offs across periods of time. 
D)  that ignore concerns about the future. 
A)  made within a given period of time. 
B)  made in between two periods of time. 
C)  involving trade-offs across periods of time. 
D)  that ignore concerns about the future.

Question 2

The Ricardian equivalence implies that

Accepted Answer

A)  the level of government spending has no impact. 
B)  the level of taxes has no impact. 
C)  the distribution of government expenses though time has no impact. 
D)  the distribution of taxes through time has no impact. 
A)  the level of government spending has no impact. 
B)  the level of taxes has no impact. 
C)  the distribution of government expenses though time has no impact. 
D)  the distribution of taxes through time has no impact.

Question 3

Lifetime wealth is

Accepted Answer

A)  the quantity of assets the consumer has in the current period. 
B)  current income plus future income. 
C)  current income minus discounted future taxes. 
D)  the present value of disposable income. 
A)  the quantity of assets the consumer has in the current period. 
B)  current income plus future income. 
C)  current income minus discounted future taxes. 
D)  the present value of disposable income.

Question 4

A consumer is a borrower if

Accepted Answer

A)  optimum current consumption is less than current disposable income. 
B)  optimum current consumption is greater than current disposable income. 
C)  future disposable income is greater than current disposable income. 
D)  the consumer's indifference curves are relatively steep. 
A)  optimum current consumption is less than current disposable income. 
B)  optimum current consumption is greater than current disposable income. 
C)  future disposable income is greater than current disposable income. 
D)  the consumer's indifference curves are relatively steep.

Question 5

In the two-period model,r denotes

Accepted Answer

A)  real income. 
B)  the nominal interest rate. 
C)  the real interest rate. 
D)  current taxes. 
A)  real income. 
B)  the nominal interest rate. 
C)  the real interest rate. 
D)  current taxes.

Question 6

A consumer is a lender if

Accepted Answer

A)  optimum current consumption is less than current disposable income. 
B)  optimum current consumption is greater than current disposable income. 
C)  current disposable income is greater than future disposable income. 
D)  the consumer's indifference curves are relatively flat. 
A)  optimum current consumption is less than current disposable income. 
B)  optimum current consumption is greater than current disposable income. 
C)  current disposable income is greater than future disposable income. 
D)  the consumer's indifference curves are relatively flat.

Intertemporal decisions involve economic decisions

The Ricardian equivalence implies that

Lifetime wealth is

A consumer is a borrower if

In the two-period model,r denotes

A consumer is a lender if

Introduction

Measurement

Business Cycle Measurement

Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Search and Unemployment

Economic Growth: Malthus and Solow

Income Disparity Among Countries and Endogenous Growth

Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

A Real Intertemporal Model with Investment

Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking

Inflation, the Phillips Curve, and Central Bank Commitment

Filters

Exam 9: A Two-Period Model: The Consumption-Savings Decision and Credit Markets

Intertemporal decisions involve economic decisions

The Ricardian equivalence implies that

Lifetime wealth is

A consumer is a borrower if

In the two-period model,r denotes

A consumer is a lender if

Introduction

Measurement

Business Cycle Measurement

Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Search and Unemployment

Economic Growth: Malthus and Solow

Income Disparity Among Countries and Endogenous Growth

Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

A Real Intertemporal Model with Investment

Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking

Inflation, the Phillips Curve, and Central Bank Commitment

Filters