supply, one should know about changes in the prices of related goods and 9. For an economist to better understand shifts in services. Reporter employment O labor international trade unemployment 10. You are paying attention to economic conditions and realize that a decline in aggregate demand is promoting a weak economy. Which economist is MOST likely to have suggested this event? Report an Austan Goolsbee John Maynard Keynes Adam Smith Ben Bernanke 11. What economic event led economists to disregard the notion that the economy was always at full employment? Report The Stock Market Crash of 1987 The Great Depression The Great Recession The housing crisis of 2008 12. John has decided to make a personal financial decision to take his money out of circulation, which inhibits the economy. What decision has he MOST likely made? Repe O Purchase goods at a local supermarket Take his family on vacation Invest in the stock market Put his money in a savings account 13. Which item is an example of marginal propensity to consume? Storing your earnings in a vault in your house Buying tickets to a sporting event Placing your earnings at a local credit union Placing your earnings in a traditional savings account 14. Small business owners in a particular community are concerned with an increase in government activity that has seemingly decreased the availability of capital to grow their businesses. What is another name for this effect? Report an er Liberal economics O Crowding out Public sector economics O Conservative economics 15. A young professional couple has a combined total of $200 after taxes from their paychecks. They plan to use this excess to go to their favorite restaurant. What funds will they be using to go to their favorite restaurant? aportan Error Professional income Marginal income Personal income Disposable income