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chap 6 - 1 StudentResponse A TRUE B FALSE

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1.   The business cycle reflects both short-run fluctuations in output and long-run economic growth.    Student Response Value Correct Answer Feedback A. TRUE 100%       B. FALSE<br/><br/>      Score: 1/1    2.   Suppose that Toyota buys a factory previous owned by Chrysler Motors. Economists would:    Score: 1/1    3.   Supply shocks:   
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Score: 0/1    4.   Economists believe that expectations have little impact on macroeconomic outcomes.    Score: 0/1    5.   In 2007, unemployment rates in the United States exceeded the rates in Germany, India, and Poland.    Score: 0/1    6.  
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      The figure above depicts a situation where:    Score: 0/1    7.   Increasing investment in the present means forgoing future consumption.    Score: 0/1   
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8.   In the very short run, demand shocks will tend to change the level of output but have little effect on prices.    Score: 1/1    9.
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