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Exam 2 McBrn - Question#1 Unemployment describes the...

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Question #1 Unemployment describes the condition where: Student Response Value Correct Answer Feedback A.equipment and machinery are going unused. B.a person cannot get a job, but is willing to work and is actively seeking work. 100% C.a person does not have a job, regardless of whether or not they want one. D.any resource sits idle. Score: 2/2 Comments: 2. Question #2 Which of the following is used to measure directly the average standard of living across countries? Student Response Value Correct Answer Feedback Score: 2/2 Comments:
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3. Question #3 Which of the following would an economist consider to be investment? Student Response Value Correct Answer Feedback Score: 2/2 Comments: 4. Question #4 (Last Word) Computerized inventory tracking has been credited with reducing the number and severity of recessions because these tracking systems: Student Response Value Correct Answer Feedback
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0% Score: 0/2 Comments: 5. Question #5 Suppose that Techno TV produces LCD televisions. At a price of $2000 per television, Techno determines that its optimal output is 3000 television sets per week. If prices are sticky and fears of a recession reduce demand for LCD televisions, we would expect Techno to: Student Response Value Correct Answer Feedback A.reduce output in the long run. B.reduce output in the short run. C.raise prices in the short run to compensate for lost revenue. 0% D.lower prices in the short run to offset the reduced demand. Score: 0/2 Comments: 6. Question #6 Macroeconomics is mostly focused on:
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Student Response Value Correct Answer Feedback 100% Score: 2/2 Comments:
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