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6. Which of these is not a factor that can cause consumer spending changes?
- Income
- Technology
- Expectations
- Household indebtedness
7. Which of these factors do not determine the level of consumer spending?
- Availability of credit
- Changes in employment
- Legal and institutional changes
- Level of disposable income
8. Which of these is not an influence on imports and exports?
- Exchange Rates
- State of the world economy
- Access to credit
- Real income
9. Which of these is not part of the aggregate demand formula?
- Imports-Exports
- Government Spending
- Consumption
- Investment
10. Which one of these famous economists was not part of the classical or neoclassical movement?
- David Ricardo
- Alfred Marshall
- Milton Freidman
- Adam Smith
11. Name the correct term for the measurement of how much additional income is saved.
- Marginal Propensity to Save
- Average Propensity to Save
- CPS
- Savings interest
12. Name the correct term for how much consumption rises in response to income changes.
- Marginal Propensity to Consume
- Wealth Effect
- Average Propensity to Consume
- Consumer Confidence Index
13. Which of these is not a factor that can shift AD through investment?
- Interest rates
- Corporate indebtedness
- Wealth
- Business confidence
14. What are animal spirits?
- Characteristics of a successful entrepreneur
- Natural disasters affecting the global economy
- An emphasis on the importance of gut instincts
- Pokemon
15. Which of these is not a cause of shifts in the SRAS?
- Prices of energy
- Education
- Technology
- Wage rate
16. What category does a boiler fall into?
- Durable
- Non-Durable
- Necessity
- Compulsory
17. Which of these is not an influence on the level of investment?
- Government policy
- Demand for exports
- Real income
- Confidence levels
18. In the short run aggregate supply, how many factors of production have to be fixed?
