Econ 102 Study guides, Class notes & Summaries

ECON 102 Quiz 4 Questions and Answers 2023

ECON 102 Final All Quizzes and Homework 1-8 Latest Update 2023 Questions and Answers 100% Correct Highly Recommended Download to Score A

Econ 102 finals SFSU Questions with Correct Answers The rate at which the fed lends money to banks is - Answer-The discount rate When the U.S. real interest rate falls, purchasing U.S. assets becomes - Answer-Less attractive and so U.S. net capital outflow rises which of the following are costs incurred by people trying to protect themselves from the effects of inflation? - Answer-Menu costs and shoeleather costs As the price level decreases, the value of money - Answer-increase...

ECON 102 Exam 1 Latest Update 100% Pass Economic Analysis People making decisions economic wat of thinking Choices: Costs and Benefits Performing a certain economic action will increase our well-being if the benefits are greater than the costs (choices are the result of scarcity) Self Interest The pursuit of one's own goals (does not always mean increasing one's wealth; could also include prestige, friendship, love, and feeling good) Rationality Assumption The assumption that people do not ...

The production possibilities frontiers in the figure to the right show how many bananas and coconuts you (Y) and your neighbor (N) can consume without trade. Suppose you are initially consuming 10 bananas and 4 coconuts and your neighbor is initially consuming 6 bananas and 8 coconuts. Now, suppose you and your neighbor specialize by each only producing the good for which you have a comparative advantage. You give your neighbor half of your production for half of what he produces. (Ent...

Econ 102 finals SFSU Questions with Correct Answers The rate at which the fed lends money to banks is - Answer-The discount rate When the U.S. real interest rate falls, purchasing U.S. assets becomes - Answer-Less attractive and so U.S. net capital outflow rises which of the following are costs incurred by people trying to protect themselves from the effects of inflation? - Answer-Menu costs and shoeleather costs As the price level decreases, the value of money - Answer-increases,...

What is Fiscal Policy? - changes in government taxes and spending that affect the level of GDP How does fiscal policy shift aggregate demand to the right? - 1. increases in government spending 2. decreases in taxes How does fiscal policy shift aggregate demand to the left? - 1. Decrease government spending 2. Increase taxes Expansionary polices - government polices that increase aggregate demand Contractionary polices - government polices that decrease aggregate demand When should the gov...

Econ 102 notes from Chowdhury Mahmoud's class from 2022-2023, very in depth notes taken from the textbook and lectures.