题目
ECNM1115.32542.202530 Spring 2025 Test 3 March 28
单项选择题
41. The most important determinant of consumer spending is A. the level of household borrowing. B. consumer expectations. C. the stock of wealth. D. the level of income.
选项
A.A
B.B
C.C
D.D
查看解析
标准答案
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思路分析
When evaluating what drives how much people spend, we must weigh several plausible factors and see which tends to have the strongest influence across typical macroeconomic models.
Option A: the level of household borrowing. While access to credit and borrowing costs can affect spending, especially for large purchases, borrowing is typically a reactive channel that amplifies spending for those who al......Login to view full explanation登录即可查看完整答案
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类似问题
Which of the following factors would be least likely to lead to a decrease in consumption demand?
How would your spending change if.....? Consider each of the scenarios below and choose whether your total demand for spending on goods and services (consumption) would likely increase or decrease. Choose the most logical response, or what you think most people would do, given the situation. 1: You purchased a house in 2010 in an area which has now become very popular due to a new train station being built nearby. There is very strong demand for homes in this area. You purchased the home for $300,000 but it now has a market value of $900,000 if you were to sell it today. ____ 2: You become more optimistic (confident) about the future economy. Your job is secure and the newspaper is reporting that the country looks like it will continue having high economic growth and low unemployment. ____ 3: In order to inject some money into the circular flow of income of the economy, the government announces that every household will receive a 'tax break' (reduction in tax they must pay to the government) of $2000 per household. ____ 4: The economy has recently experienced an upturn and averages wages across the economy, including yours, are now higher. ____ 5: The average price level of goods and services has been increasing at a fast rate, much faster than the rate at which your wages are increasing. In other words, inflation has been much higher than expected. This essentially means the money you have is less valuable. ____ 6: Back in 2006 you purchased some shares in Company X. This means you own a percentage of the company. The value of those shares has now increased substantially, therefore you are now holding much more wealth (your assets have increased in value). ____ 7: The government has increased income taxation rates, so you are now paying more tax, leaving you with less disposable income each week. What will happen to your spending? ____ 8: The central bank has increased interest rates by 0.5% recently. This means you now have to pay more interest each month on your home loan (mortgage). ____ 9: The central bank has decreased interest rates by 0.25% recently. This means you now have to pay less interest each month on your home loan (mortgage). ____ 10: Your country's major trading partners are having a severe recession, and it is likely this will impact on your country's economy. There have been rumours at your workplace that there may be some job losses (redundancies). You are worried about the future. ____
How would your spending change if.....? Consider each of the scenarios below and choose whether your total demand for spending on goods and services (consumption) would likely increase or decrease. Choose the most logical response, or what you think most people would do, given the situation. 1: You purchased a house in 2010 in an area which has now become very popular due to a new train station being built nearby. There is very strong demand for homes in this area. You purchased the home for $300,000 but it now has a market value of $900,000 if you were to sell it today. ____ 2: You become more optimistic (confident) about the future economy. Your job is secure and the newspaper is reporting that the country looks like it will continue having high economic growth and low unemployment. ____ 3: In order to inject some money into the circular flow of income of the economy, the government announces that every household will receive a 'tax break' (reduction in tax they must pay to the government) of $2000 per household. ____ 4: The economy has recently experienced an upturn and averages wages across the economy, including yours, are now higher. ____ 5: The average price level of goods and services has been increasing at a fast rate, much faster than the rate at which your wages are increasing. In other words, inflation has been much higher than expected. This essentially means the money you have is less valuable. ____ 6: Back in 2006 you purchased some shares in Company X. This means you own a percentage of the company. The value of those shares has now increased substantially, therefore you are now holding much more wealth (your assets have increased in value). ____ 7: The government has increased income taxation rates, so you are now paying more tax, leaving you with less disposable income each week. What will happen to your spending? ____ 8: The central bank has increased interest rates by 0.5% recently. This means you now have to pay more interest each month on your home loan (mortgage). ____ 9: The central bank has decreased interest rates by 0.25% recently. This means you now have to pay less interest each month on your home loan (mortgage). ____ 10: Your country's major trading partners are having a severe recession, and it is likely this will impact on your country's economy. There have been rumours at your workplace that there may be some job losses (redundancies). You are worried about the future. ____
Which of the following factors would be least likely to lead to a decrease in consumption demand?
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