Quiz 1 chapter 1

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

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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 
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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.
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A closed economy is one that gets no aid from international agencies.
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