Seçmeli Ara Sınav - Introduction to Economics 2

Soru 1:

Which of the given information is true?

A) Economists use the same models to explain the reasons for these fluctuations in production. B) The approach of the Classical and Keynesian models is the same. C) Equilibrium point shows that there is no tendency to leave once achieved. D) In the equilibrium approach of the classical model, the economy is not in constant balance. E) When examining the general equilibrium of the economy, the starting point is inflation.

Soru 2:

………………is the cost of borrowing funds. Which of the following best completes the definition given above?

A) Interest rate B) Stock change C) Unplanned inventory investment D) Expected profit E) Technological change

Soru 3:

Which of the following is not the factor that influences the consumption decisions of households?

A) Wealth B) Autonomous Investments C) Disposable income D) Demographic Factors E) Expectations

Soru 4:

When did the economists start to discuss about macroeconomics?

A) 1920s B) 1930s C) 1940s D) 1950s E) 1960s

Soru 5:

Which of the following cannot be mentioned as one type of unemployment?

A) Cyclical B) Seasonal C) Inflational D) structural E) Frictional

Soru 6:

In which years has fiscal policy started to gain importance?

A) 1920 B) 1930 C) 1940 D) 1950 E) 1960

Soru 7:

Which of the following assessments is true for the shaded area on the graph?

A) Y = C B) Y < C C) Y > C D) C = 0 E) C = 1

Soru 8:

What is the value of net multiplier when changes in government expenditures are met totally by changes in taxes?

A) -1 B) 0 C) 1 D) 2 E) 3

Soru 9:

While GDP is calculated in terms of expenditures, what kind of investments are taken into account mostly?

A) transfer payments B) import C) gross investments D) export E) net investments

Soru 10:

Which of the following is the ratio of savings to income?

A) Average propensity to consume B) Marginal propensity to save C) Marginal propensity to consume D) Autonomous investments E) Average propensity to save

Soru 11:

What does marginal propensity to save (MPS) reveal the relationship between the two types of changes?

A) Income/Saving B) Consumption/Saving C) Fluctuation/Income D) Income/Consumption E) Expenditure/Fluctuation

Soru 12:

There are some factors that affect planned investments. Which one in the options below is not one of those factors?

A) Capacity Utilization B) Taxes C) Interest rate D) Cost of Capital Goods E) Expected profit

Soru 13:

When we reduce consumption expenditures because of rising savings, it is called ________.

A) algebraic derivation B) expenditure multiplier C) injections D) leakages E) saving paradox

Soru 14:

If public expenditures are higher than public revenues, how can the emerged budget deficit only be met by?

A) Automatic stabilizer B) Tax multiplier C) Government’s borrowing. D) Taxes E) Interest rates

Soru 15:

Which of the following is the variable that equates savings to investments in the Classical approach?

A) Exchange rate B) Interest rate C) Disposable income D) Price level E) Taxes

Soru 16:

What happens if aggregate expenditures are lower than the GDP in income levels?

A) stocks decrease B) stocks increase C) equilibrium will be spoilt D) GDP will decrease E) GDP will increase

Soru 17:

When a government uses public expenditures and taxes in order to affect the macroeconomic variables such as employment, income and prices, it is called ________.

A) fiscal policy B) taxation C) economic equilibrium D) debt payments E) floating capital

Soru 18:

Which policy should a government follow if it suffers from a high rate of inflation?

A) Contractionary fiscal policy B) Balanced budget policy C) Inflationary policy D) Expansionary fiscal policy E) Full employment policy

Soru 19:

What does ‘import’ mean?

A) the relationship between income level and savings B) the cost of borrowing funds C) the consumption function households D) the income levels of the domestic and foreign countries E) the amount of goods and services purchased from other countries

Soru 20:

What refers to the ratio of consumption expenditures to income?

A) Average propensity to consume B) Average propensity to save C) Marginal propensity yo save D) Marginal propensity to consume E) Autonomous consumption