Cancel
© 2016 pictureone.ru
card-image

Macroeconomics Chapter 1-3 Quiz

Set Details Share
Helpfulness: 0
created 1 year ago by Myles_Shealey
51 views
show more
1

In the long run, inflation is caused by

a. aggressive labor unions

b. global warming

c. growth in the money supply

d. greedy monopolists

C

2

The quantity of money in circulation in the United States is managed by

a. the United States Treasury

b. the Federal Reserve System

c. wall street

d. The Securities and Exchange Commission

B

3

An increase in energy prices is a likely cause of

a. the Great Moderation

b. Great Depression

c. the recession in 1973-1975

d. Korean War inflation

C

4

What is the key feature that differentiates business cycle theories?

a. whether the theory was developed before or after the Great Depression

b. whether the theory explains how monetary policy works

c. whether the theory is Keynesian or non-Keynesian

d. whether the theory also explains economic growth

C

5

For the study of economic growth, it is most helpful to examine movements in ________; for the study of business cycles, it is most helpful to examine movements in _________.

a. trend GNP; deviations from trend in GNP

b. deviations from trend in GNP; trend GNP

c. trend GNP; trend GNP

d. deviations from trend in GNP; deviations from trend in GNP

A

6

Real GDP values current production at

a. the best estimate of next year's prices

b. base year prices

c. current year prices

d. the average of price levels over the entire sample period

B

7

Seasonal adjustment

a. is a common characteristic of macroeconomic time series in wide use

b. should never be used

c. is rarely used

d. is not used by modern macroeconomists

A

8

Real investment tends to be

a. countercyclical and less variable than real GDP

b. procyclical and less variable than real GDP

c. countercyclical and more variable than real GDP

d. procyclical and more variable than real GDP

D

9

A government deficit occurs when

a. the government spends more than what it gets in taxes

b. a government loses an election

c. the government still has Treasury bonds to reimburse

d. public goods are worth less than what was paid for them

A

10

Additions to inventory are

a. not counted as an expenditure in GDP accounting

b. counted as a component of investment spending

c. counted as an intermediate input

d. subtracted from sales revenue in calculating profit income

B

11

The income-expenditure identity is best paraphrased as

a. on average, consumers cannot save

b. all spending generates income

c. on average, government can spend no more than what it collects in income taxes

d. all profits are used for investment spending

B


Related pages


foetal skull anatomywhat are the functions of the uretershesi a2 practice bookischium ilium pubiscarpal boss syndromeovule functionthe air compressor governor controlschapter 12 central nervous systemiahcsmm practice testsmicrococcus luteus sizewhat does the nucleoid dorole of calcium ions in synaptic transmissionthe primary immune response ________urine is continuously formed by thewhich of the following equations represents photosynthesishesi admission assessmentchemical digestion of carbohydrates begins herehow many protons does a hydrogen atom havechapter 13 meiosis and sexual life cycles answerswhich of these forms by intramembranous bone formationnumber of phalanges in the handsigns of bacteremiais ch2f2 polarurinalysis cloudyhormones that inhibit gastric secretion includesolubility of butanol in watercontrols the body with chemical molecules called hormonesb cells respond to the initial antigen challenge byimmovable joints in human bodyapush chapter 1histology laboratory manualheent physical assessmentlymph transport involves all but which of the followingcomponents of lymph fluidwhy are nonvascular plants limited to moist environmentsneuron sheathe faecalis colony morphologyerythrocytopenia definitionhypercalcemia can be caused by_________sister chromatids are held together at thedna primase functionexergonic reactionantilipemicswhich of the following muscles inserts by the calcaneal tendondescribe the structure of a eukaryotic celldrains blood into the right atriumcharacteristics of an angiospermthe local matching of blood flow with ventilation isfermentation nadhvein lumena savanna is most correctly described as avirally infected cellsis nitrogen recycled in an ecosystemwilmot proviso actsynonyms for enthusiasticclavicle articulates withperinuclear cytoplasmmastering anatomy and physiology answerstibiofemoral articulationlumen anatomyorganizational encodingadpi scholarshipswhere does the krebs cycle occurhow many pairs of spinal nerves are therethe cranial cavity houses theoff spring tv showstimulates spermatogenesissaliva enters the digestive system in theti 89 z scoresn isotopesdefine chordae tendineaepalisade tissue