Exam%202_20_B

Exam%202_20_B -...

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+,-$"-./01 #2 34",#0"#$#5-"1 +,#26 7,4"0 8 !945 & :.,-$; ML/4$N +4;0O
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+,-$"-./01 #2 34",#0"#$#5-"1 +,#26 7,4"0 8 !945 & :.,-$; P 1. Aggregate demand will increase if ______. A) the public becomes more optimistic about future income. B) the aggregate price level falls. C) government spending is reduced. D) household wealth decreases. 2. Anna recently moved to Atlanta in order for her husband Joe to begin a new job as an economics professor at GSU. Anna is an experienced surgeon who is currently interviewing with several different hospitals in Atlanta. Anna is currently ______. A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) counted as employed since she is likely to receive a job offer soon. 3. This is from " Consumer Confidence in U.S. Rose More Than Economists Forecast in August" Bloomberg , August 2010. "Confidence among U.S. consumers rose more than forecast in August, a sign the biggest part of the economy may avoid a slowdown that would derail the recovery. The Conference Board’s confidence index increased to 53.5 from a five-month low of 51 in July, figures from the New York- based private research group showed today. The median forecast of economists in a Bloomberg News survey was for a 50.7 reading." How will this affect the aggregate demand curve? A) Aggregate demand shifts to the left. B) There will be a movement upward along the fixed aggregate demand curve. C) Aggregate demand shifts to the right. D) There will be a movement downward along the fixed aggregate demand curve. 4. Diminishing returns to physical capital means that, when the amount of human capital per worker and the state of technology are held fixed, each increase in the amount of physical capital per worker leads to ______. A) a smaller increase in productivity. B) a decrease in productivity.
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+,-$"-./01 #2 34",#0"#$#5-"1 +,#26 7,4"0 8 !945 & :.,-$; G C) negative productivity. D) losses for stockholders.
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Exam%202_20_B -...

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