Macro_Chapter_15_study_guide_questions_13e

Macro_Chapter_15_study_guide_questions_13e - Macro Chapter...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Macro Chapter 15 study guide questions Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. The index of leading indicators is a. an alphabetical listing of all the most popular indicators in the economy for a given month. b. a composite index of indicators that provides information on the future direction of the economy. c. an alphabetical listing of the most important indicators of the current economic well-being of the U.S. economy. d. a composite index of the most important indicators of the current economic well-being of the U.S. economy. ____ 2. During the 1960s, most economists believed macropolicy a. that caused inflation would permanently reduce unemployment. b. that caused inflation would permanently increase unemployment. c. could not be utilized to reduce unemployment. d. did not affect inflation. ____ 3. The interval between the recognition of a need for a policy change and when the policy change is instituted is called the a. recognition lag.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

Macro_Chapter_15_study_guide_questions_13e - Macro Chapter...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online