Introductıon to Economıcs II (ENG) — 2023-2024 YO Çıkmış Sınav

1. Which of the following is the information about which the GDP figure does not provide? A) Sources of generated value added B) Distribution of income among individuals Distribution of production between the home country and foreign countries D) Distribution of production among sectors E) Sources of production realized

2. I. According to classical economists effect of money on the economy occurs only by affecting prices. Il. Classical economists resemble money as a veil covering economic activities. III. According to classical economists money has an impact on output and no effects on prices. Which of the above can be said about the Quantity Theory of Money? A) Only I B) Only II C) I and |l D) land ill E) Il and !!!

3. Which of the following is true about the effects of economic policies on aggregate demand (AD) curve? A) Contractionary monetary policy shifts AD curve to the right. B) Expansionary fiscal policy shifts AD curve to the lett. C) Contractionary fiscal policy shifts AD curve to the right. D) Economic policies have no effect on the AD curve. E) Expansionary monetary policy shifts AD curve to the right.

4. I. Transaction demand for money is the quantity of money that economic agents want to hold with the intent of defraying unforeseen expenses. II. Precautionary demand for money is the quantity of money that economic agents want to hold with the intent of spending for goods and services. III. Speculative demand for money is the quantity of money that economic agents want to hold because of the price uncertainty of financial assets other than money. Which of the following is true about the money demand? A) Only l B) Only II C) Only III D) I and Il E) land Ill

5. What is the velocity of money? A) The phenomenon indicating that changes in quantity of money do not have any effect in production amount but affect only in prices. B) The ratio that is determined by central bank and indicates the quantity of reserves that banking system holds against their liabilities. C) An identity which states that multiplication of quantity of money and its velocity must be equal to nominal GDP. D) The number that represents, on average, how many times one unit of money is used for purchasing final goods and services. E) The quantity of money that economic agents want to hold because of price uncertainty of financial assets other than money.