Dwarf Printing

Multiple choice.. I have no idea what answers are correct and need everyone’s opinions, thanks.

1) The Federal Open Market Committee has responsibility for..
a. printing money
b. advising the Treasury department on monetary policy
c. appointing members to the Board of Governors
d. executing orders to sell or buy government securities for the Fed.

2) If the US dollar strengthens compared to the japanese yen, then _________ are made worse off.
a. US consumers that buy goods imported from Japan
b. US firms that export to Japan
c. US tourists to Japan
d. None of the above, they are all made better off

3) The supply siders are concerned with shifting the _____.
a. burden of taxes from the consumers onto the producers.
b. long-run aggregate supply curve
c. aggregate supply curve
d. short-run aggregate supply curve

4) The amount of ones country’s currency that trades for a unit of another country’s currency is called the ..
a. balance of payments
b. trade deficit
c. exchange rate
d. balance of trades

5)Political activists are more likely to be assoicated or supportive of which of the following models?
a. Keynesian model
b. supply sider theory
c. stagflation theory
d. classical model

6) A simple definition of demand is..
a. the price at which all the items produced will be sold
b. the amount of the good a consumer wants
c. the inverse relationship between the quantity demanded and price of the good
d. the quantity purchased of a good at a single price

7)Which of the following exhibits the concept of an expenditure equilibrium?
a. spending in the economy equals real GDP
b. government spending equals taxes
c. demand equals supply
d. real GDP is equivalent to nominal GDP

Which of the following is ALWAYS TRUE in the macroeconomy?
a. imports equal exports
b. savings equal investment
c. government spending equals taxes
d. income equals expenditures
e. all of the above are true

9) The assumption that allows an economist to simplify the market place by allowing only on factor to change while all other factors remain constant is known as …
a. ceteris paribus
b. opportunity cost
c. rationality
d. self best interest

10) Discouraged workers are…
a. considered part of the unemployment because they are still part of the labor force
b. not considered unemployed since they are not currently seeking work
c. not considered unemployed because they are not qualified to work
d. considered part of the unemployed because they are not working
PS> I dont want your stupid opinions on how I should do it myself.
I have tried. That’s why I am asking for help.
I asked my teacher and he didn’t explain it very well..
thanks.