MA Chapter 10.rtf - CHAPTER 10\u2014ECONOMIC FLUCTUATIONS MULTIPLE CHOICE 1 Since 1960 real GDP has fluctuated to some extent however there has been

MA Chapter 10.rtf - CHAPTER 10—ECONOMIC FLUCTUATIONS...

This preview shows page 1 - 3 out of 18 pages.

CHAPTER 10—ECONOMIC FLUCTUATIONSMULTIPLE CHOICE1.Since 1960, real GDP has fluctuated to some extent; however, there has been virtually no overall growth when the entire time span is considered.a.Trueb.FalseANS: BPTS:1DIF:1NAT:Financial theories, analysis, reporting, and marketsLOC:Understanding and applying economic modelsTOP:Can the Classical Model Explain Economic Fluctuations?2.Recessions typically last longer than expansions.a.Trueb.FalseANS: BPTS:1DIF:1NAT:Financial theories, analysis, reporting, and marketsLOC:Understanding and applying economic modelsTOP:Can the Classical Model Explain Economic Fluctuations?3.Which of the following statements best describes the U.S. economy since 1960?4.During recessions, output5.A student seeking a job right after graduation should be especially attentive to
Background image
6.GDP as predicted by the classical model isa.lower than the actual level of GDPb.higher than the actual level of GDPc.smoother and steadier than actual GDPd.more unstable over time than actual GDPe.an accurate predictor of actual GDPANS: CPTS:1DIF:3NAT:Financial theories, analysis, reporting, and marketsLOC:Understanding and applying economic modelsTOP:Can the Classical Model Explain Economic Fluctuations?
Background image
Image of page 3

You've reached the end of your free preview.

Want to read all 18 pages?

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes