eco ch.17 mult. ch. quiz

eco ch.17 mult. ch. quiz - employed workers increased from...

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Questi on 1 1 out of 1 points The unemployment rate _____ during recessions and _____ in good times. Selected Answer: Correct Answer:
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Question 2 1 out of 1 points Which of the following is an example of a macroeconomic policy? Selected Answer: Correct Answer: Question 3 1 out of 1 points To aggregate 300 tons of steel, 5,000 bushels of wheat, and 1 million barrels of crude oil, economists add together the _____ of the three products Selected Answer: Correct Answer: Question 4 1 out of 1 points A decision by a government to sell businesses that currently are operated by the government to private investors is an example of ________ policy. Selected Answer: Correct Answer: Question 5 1 out of 1 points Inflation is an issue for macroeconomic policymakers because inflation:
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Question 5 1 out of 1 points Selected Answer: Correct Answer: Question 6 1 out of 1 points In Econland population increased from 2 million to 4 million, the number of
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Unformatted text preview: employed workers increased from 1 million to 2 million, but average labor productivity decreased from $25,000 per worker per year to $20,000 per worker per year. Total output in Econland _____ and the average standard of living _____. Selected Answer: Correct Answer: Question 7 1 out of 1 points Which of the following would be considered an example of monetary policy? Selected Answer: Correct Answer: Question 8 1 out of 1 points In Econland exports equal 25% of total output, while imports equal 20% of total output. Econland has: Question 8 1 out of 1 points Selected Answer: Correct Answer: Question 9 1 out of 1 points A decrease in the federal income tax is an example of ______ policy. Selected Answer: Correct Answer: Question 10 0 out of 1 points Which of the following addresses the economic consequences of a particular policy as opposed to whether or not the policy is desirable?. Selected Answer: Correct Answer:...
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eco ch.17 mult. ch. quiz - employed workers increased from...

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