Quiz #5 - Questio n 6 2 out of 2 points The"full...

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Questio n 1 2 out of 2 points The war in Iraq sent oil prices spiraling upwards, resulting in an increase in the overall price level. This is an example of which type of inflation? Selected Answer: Correct Answer: Questio n 2 2 out of 2 points At the deepest point of the Great Depression, most unemployment consisted of: Selected Answer: Correct Answer: Questio n 3 2 out of 2 points Orlando has just finished school and is searching for his first job. Orlando is considered to be: Selected Answer: Correct Answer: Questio n 4 2 out of 2 points In 2007, Maxine's nominal income increased by 3% while the price level rose by 1%. Consequently, Maxine's real income: Selected Answer: Correct Answer: Questio n 5 2 out of 2 points If the natural rate of unemployment is 5.5% and the actual unemployment rate is 6.5%, then, according to Okun's law the GDP gap is: Selected Answer: Correct Answer:
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Unformatted text preview: Questio n 6 2 out of 2 points The "full employment rate of unemployment" is: Selected Answer: Correct Answer: Questio n 7 2 out of 2 points Along a particular saving schedule, each change in disposable income of $15 billion generates an additional $3 billion in saving. Therefore: Selected Answer: Correct Answer: Questio n 8 2 out of 2 points If consumption and disposable income are equal at a particular level of income: Selected Answer: Correct Answer: Questio n 9 2 out of 2 points If the interest rate rises: Selected Answer: Correct Answer: Question 10 2 out of 2 points The consumption schedule is: Selected Answer: Correct Answer: Question 11 2 out of 2 points Inflation always: Selected Answer: Correct Answer: Question 12 2 out of 2 points The investment demand curve will shift to the left if: Selected Answer: Correct Answer:...
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This note was uploaded on 04/20/2011 for the course ECON 202 taught by Professor Kotlove during the Spring '11 term at Edmonds Community College.

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Quiz #5 - Questio n 6 2 out of 2 points The"full...

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