chap 6 - 1. The business cycle reflects both short-run...

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Unformatted text preview: 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: 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. The figure above depicts a situation where: Score: 0/1 7. Increasing investment in the present means forgoing future consumption. Score: 0/1 8. In the very short run, demand shocks will tend to change the level of output but have little effect on prices....
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This note was uploaded on 10/19/2009 for the course ECON 2010 taught by Professor Staff during the Spring '08 term at Utah Valley University.

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chap 6 - 1. The business cycle reflects both short-run...

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