Eco 405 Chap 13 quiz Question 1 4 out of 4 points Which of the following best describes when the economy is experiencing inflation? When Answer Selected Answer: Question 24 out of 4 pointsTechnological change in an industry that historically required specific labor skills will lead to Question 34 out of 4 pointsA useful measure of the size of the workforce, that is, the number of individuals who are willing and able to work, is Answer Selected Answer: Correct Answer:
Question 44 out of 4 pointsIf inflation causes the demand for houses to increase more rapidly than the demand for other goods, the economy has experienced which effect of inflation? Question 54 out of 4 pointsIn an economy like that of the US, due to a variety of institutional and social factors, wages tend to be Question 6 4 out of 4 points Which price index is also known as the cost-of-living index?
Question 74 out of 4 pointsThe psychological law of consumption tells us the marginal propensity to consume will be Answer Selected Answer: Question 8 4 out of 4 points The effects of inflation on the distribution of income are called Answer Selected Answer: Question 9 4 out of 4 points In the circular flow diagram, economic units are classified as Answer Selected Answer:
Question 10 4 out of 4 points Aggregate demand Question 11 4 out of 4 points The Phillips curve depicts the relationship between Question 12 4 out of 4 points The determinants of aggregate supply are Answer Selected Answer:
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