Intermediate Test # 1 sem2 - UNIVERSITY OF TECHNOLOFY...

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UNIVERSITY OF TECHNOLOFY FACULTY OF BUSINESS AND MANAGEMENT SCHOOL OF BUSINESS ADMINISTRATION COURSE: INTERMEDIATE MACRO ECONOMICS GROUPS: FIN 4A-B DATE: …………… DURAION: 50 MINUTES TUTOR…………………………. GROUP:……………………………. . NAME/ID. NO…………………………………………………………………………… MID-SEMESTER TEST # 1 INSTRUCTION This paper has 3 pages and 11 questions. It is divided into two sections, A and B. Answer ALL questions SECTION A Multiple Choice (Questions 1 – 10) On the multiple choice card provided please answer all questions. Choose the one best response to each question (2marks each) 1. The relationship between an economy’s GDP and the actual unemployment rate is referred to as; A. The Harberger triangle B. The Phillips Curve C. The natural rate of unemployment D. Okun’s Gap E. National Income Accounting 2. Which of the following are determinants of the long run growth path of the economy? A. Fiscal policies B. Monetary policies C. Changes in the rates of capital accumulation, labor force and technology D. Both A and B E. All of the above 3. If an economist observes the following characteristics: a fall off in consumption, failing investments, a fall in production, a fall in employment, falling profits and the failure of
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Intermediate Test # 1 sem2 - UNIVERSITY OF TECHNOLOFY...

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