Quiz 1 chapter 1

Macroeconomics plus MyEconLab plus eBook 1-semester Student Access Kit (6th Edition)

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Quiz 1 chapter 1 This activity contains 15 questions.  Average labor productivity growth in the United States increased at a rate too low to significantly improve the  standard of living of the average American over the period  from 1900 to 2005. increased at a stable, average rate of about 10% over the  period from 1900 to 2005. is not an important determinant of long-run real economic  growth. was higher in the period from 1949 to 1973 than in the  period from 1973 to 1995. The term  business cycle  describes the 
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
short-run movements in inflation. short-run movements in economic activity. long-run growth rate of the economy. long-run growth of the labor force. A deflation occurs when stock prices fall. stock prices rise. the prices of most goods and services rise. the prices of most goods and services fall.
Background image of page 2
A closed economy is one that gets no aid from international agencies. doesn't interact economically with the rest of the world.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 9

Quiz 1 chapter 1 - Quiz 1 chapter 1 This activity contains...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online