chap01 - Macroeconomics,3e(Williamson) Chapter1 Introductio...

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  Macroeconomics, 3e  (Williamson)  Chapter 1   
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Introductio 1) 
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In 2005,  the per-capita GDP in the United States was about  A) 
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$17,500.  B) 
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$27,500.  C) 
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$37,500.  D) 
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$47,500.  Answer:  
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Question Status:  
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New 2) 
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Which of  the following topics is NOT a primary concern of macroeconomists?  A) 
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fluctuations in  the level of economic activity  B) 
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differences in  standards of living across countries  C) 
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relative wages  of skilled and unskilled workers  D) 
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unemployment  Answer:  
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Previous Edition 3) 
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Which of  the following questions is of most interest for MACROECONOMISTS?  A) 
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Why is there  inflation?  B) 
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Why does the  steel industry want tariffs?  C) 
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What is the  appropriate stance of antitrust policy?  D) 
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Why do  foreigners immigrate to the United States?  Answer:  
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Previous Edition 4) 
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Primarily,  macroeconomists use microeconomic principles to study  A) 
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business cycles  and trends in the stock market.  B) 
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long - run  economic growth and antitrust policies.  C) 
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trends in the  stock market and long - term economic growth.  D) 
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long - run  economic growth and business cycles.  Answer:  
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Previous Edition 5) 
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chap01 - Macroeconomics,3e(Williamson) Chapter1 Introductio...

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