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Gillespie: Foundations of Economics
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Gillespie: Foundations of Economics

Unit 20

Instructions

Choose your answers from a-d by clicking the radio button next to each choice and then press 'Submit' to get your score.

Question 1

Injections:

a) Decrease aggregate demand

b) Always equal savings

c) Always equal national income

d) Include investment and export spending

Question 2

An increase in national income is:

a) Likely to increase exports

b) Likely to decrease savings

c) Likely to decrease investment

d) Likely to increase spending on imports

Question 3

An increase in national income is likely to:

a) Decrease tax receipts

b) Worsen the balance of trade

c) Automatically cause an increase in government spending

d) Cause an increase in injections into the economy

Question 4

A significant increase in the government budget deficit is likely to:

a) Reduce injections into the economy

b) Reduce national income

c) Move the economy away from full employment

d) Boost aggregate demand

Question 5

If injections are greater than withdrawals:

a) National income will increase

b) National income will decrease

c) National income will stay in equilibrium

d) Prices will fall

Question 6

Injections are:

a) Assumed to be exogeneous

b) Assumed to be a function of national income

c) Decrease aggregate demand

d) Decrease the investment into an economy

Question 7

For equilibrium in an open four sector economy:

a) Actual injections = actual withdrawals

b) Planned injections = planned withdrawals

c) Savings = investment

d) Government spending = tax revenue

Question 8

A deflationary policy could include:

a) Increasing injections

b) Reducing taxation rates

c) Reducing interest rates

d) Reducing government spending

Question 9

A reflationary policy:

a) Increases aggregate supply

b) Increases aggregate demand

c) Decreases the price level

d) Increases full employment

Question 10

Which of the following is an injection into the economy?

a) Investment

b) Savings

c) Taxation

d) Import spending

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Oxford University Press, Online Resource Centre, Unit 20.