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Macro topic 4

Leo Yuan 9 preguntas

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Preguntas del test (9)

  1. 1The business cycle is the
    1. Arelationship between unemployment and inflation.
    2. Birregular fluctuations in economic activity.
    3. Cpositive relationship between the quantity of money in an economy and inflation.
    4. Dpredictable changes in economic activity due to changes in government spending and taxes.
  2. 2From a trough to a peak, the economy goes through:
    1. AThe contraction phase of the business cycle.
    2. BThe expansion phase of the business cycle.
    3. CA recession.
    4. DA depression.
  3. 3During the early stages of an economic recovery:
    1. AFirms usually rush to hire new employees before other firms employ them.
    2. BThe rate of unemployment decreases dramatically.
    3. CThe rate of unemployment surges dramatically.
    4. DFirms are usually reluctant to hire new employees.
  4. 4As recessions begin, production
    1. Aand unemployment both rise.
    2. Brises and unemployment falls.
    3. Cfalls and unemployment rises.
    4. Dand unemployment both fall.
  5. 5The aggregate demand curve
    1. Ais a slope that is explained in the same way as the slope of the demand curve for a particular product.
    2. Bis vertical in the long run.
    3. Cshows an inverse relation between the price level and the quantity of all goods and services
      demanded.
    4. Dall of the above are correct.
  6. 6The slope of the AD curve is based on the logic that as the price level rises,
    1. Areal wealth falls, interest rates rise, and net exports decrease.
    2. Breal wealth falls, interest rates rise, and net exports increase.
    3. Creal wealth rises, interest rates fall, and net exports decrease.
    4. Dreal wealth rises, interest rates fall, and net exports increase.
  7. 7When taxes decrease, consumption
    1. Aincreases as shown by a movement to the left along a given aggregate demand curve.
    2. Bincreases, shifting aggregate demand to the right.
    3. Cdecreases shifting aggregate supply the right.
    4. Dnone of the above is correct.
  8. 8In the short-run an increase in the costs of production makes
    1. Aoutput and prices rise.
    2. Boutput rise and prices fall,
    3. Coutput fall and prices rise.
    4. Doutput and prices fall.
  9. 9The long-run aggregate supply curve would shift right if the government were to
    1. Aincrease the minimum-wage.
    2. Bmake unemployment benefits more generous.
    3. Cincrease the immigration intake of skilled workers.
    4. Dnone of the above is correct.

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Descripción
Test sobre Macro topic 4, creado por Leo Yuan el 03/06/2018.
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English
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