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Unformatted text preview: Page 1 0f10 Blackboard Learn I V \ mm Rama'san « CS Test/Surve Status J9“ ‘. Takelestz/ U n it iV Assesgment \{ UnithAssessment I %L g {3 C79 f. 1/ / / fvfizr http://online.columbiasouthern.edu/webapps/assessment/take/Iaunch.jsp?course_assessment_id=_71949_1 .;. 3/1 5/201 1 Blackboard Learn Test/Survey Status httpz/ / online.columbiasouthern.edu/webapps/assessment/take/ launch. j sp?course_assessment_id=_7 1 949_1 ... Instructions 1. [‘3 _|'.I.J '3. Page 2 of 10 ‘r'ou may open this unit assessment multiple times, but you may only submit it once. You may print the unit assessment and prepare your answers offline. Alternatiyely, you may enter and saye your answers for a portion of the assessment and continue at a later time. Your textbook and other reference materials may be used to complete this assessment. ' When answering the multiple choice questions, mark the correct response in Blackboard. When answering the hot spot questions, click on the correct area as requested in the question. When answering the agreefdisagree questions, select the appropriate response to the question. When answering the ordering questions, select the proper order of options to complete the question. lWhen answering the short answer questions, please follow these requirements: a. Your answer has no word count minimum, but you should use as many words as necessary to thoroughly answer the question. b. Spelling and grammar will impact your grade. Make certain to proofread each written response carefully before clicking on the submit button. c. It is suggested [although not required) that references and citations be put in Aprils Style because you will be using this style in other papers, projects, case studies, and article reyiews. On the main page of the course you will find a “My Library” button on the left; click it and then “wee Resources” for eetensiye information of epic. Style. When answering the essay questions, please follow these requirements: a. Your answer to each written response question should contain a minimum EDD—301:1 word response. b. Spelling and grammar will impact your grade. Make certain to proofread each written response carefully before clicking on the submit button. c. Make certain that all of your sources (including your textbook) are referenced at the end of the written response and that directly quoted information within your written response is cited to show the difference between your ideas and the exact words of your sources. d. General encyclopedias are prohibited sources. They are MCIIT to be used. Examples of prohibited sources include, but are not limited to, Wikipedia, Encarta, and World Book. e. It is suggested (although not requirede that these references and citations be put in see Style because you will be using this style in other papers, projects, case studies, and article reyiews. [In the main page of the course you will find a “My Library” button on the li=-l:l" rliclr it and than “soc. Poem irons.” fnr owl-cinder: information of 3/15/2011 Blackboard Learn I Page 3 of 10 m?’ AIDA Style. 1D. Once all questions have been answered, click the “Submit” button located at the bottom of the assessment. 11. If you have questions regarding your sources or general questions regarding the assessment, please contact your professor. Test/Survey St tus Force Completion SaveAll Answers _ CloseVWndow avei Question 1 5 points Save Answer 7% iE+l+|3+[ll-M]l The equation above represents one of the most important variables in macroeconomics. Which of the following statements is FALSE about this equation? it is equal to GDP. .- '_’. It is equal to aggregate expenditure. .;: -. !t is equal to consumption, investment, government purchases, and net exports for an economy. It measures the market value of all final goods and services produced in the economy annually. It measures economic performance. .1 v, Its components are broken down with the circular flow of income and expenditure model. .“ =_.,lt is equal to disposable income times net taxes. _. , Question 2 _ 5 points Save Answer People who are not currently employed, but say they want a job, are counted as unemployed only if they: have previously held a job. ) are actively seeking employment. i '. are willing to accept a reasonable offer. are between 16 and 65 years of age. are willing to accept any offer of employment. Question 3 Mr. Bill is a chemistry professor who resigned from his teaching job because he did not like teaching anymore. One month later, Mr. Bill found a job as a sales clerk in the local grocery store. For one month, Mr. Bill experienced: http://on1inc.columbiasouthern.cdu/webapps/assessment/take/Iaunch.jsp?course_assessment_id=_71949_1 3/15/201 1 Blackboard Learn . Page 4 of 10 ‘ Test/Survey Status . . . 5 points Save Answer frlctlonal unemployment. structural unemployment. cyclical unemployment. seasonal unemployment. f, voluntary unemployment. Question 4 ' 5 points Save Answer Which of the following is NOT a cost of unemployment? Unemployed individuals suffer a loss of income. -' '. Unemployed individuals are more likely to have emotional or psychological problems.— Unemployed individuals can lose their identity over time. —. r“, Unemployment causes production to decrease from what it could be... The opportunity cost of unemployment is a higher inflation rate. Question 5 I 5 points Save Answer lf the aggregate supply curve shifts leftward: .1 the price level increases and output increases. \afl the resulting increase in the price level is usually called cost-push inflation. \ the resulting increase in the price level is usually called demand—pull inflation. the price level increases only if there is also a rightward shift of the aggregate demand curve. the price level decreases and output increases. Question 6 5 points Save Answer Inflation can be caused by: .f; increases in aggregate demand only. increases in aggregate supply only. decreases in aggregate supply only. 9 i Q ., I .1 r. increases in aggregate supply or decreases in aggregate demand. increases in aggregate demand or decreases in aggregate supply. http://on1ine.columbiasouthern.edu/webapps/assessment/take/launch.jSp?course_assessment_id=_71 949_1 ... 3/ 1 5/201 1 Blackboard Learn - Page 5 of 10 Test/Survey Status Question 7 5 points Save Answer If the inflation rate is higher than expected, which of the following groups in society would be most likely to gain? \ 1;} Borrowers if; Lenders Persons holding large amounts of money ,1“, Persons on fixed incomes r‘. Workers under contract without a cost of living adjustment Question 8 5 points Save Answer Suppose you received a 3 percent increase in your nominal wage. Over the year, inflation ran about 2 percent. Which of the following statements is TRUE? I Your real wage increased. ‘\j I Your nominal wage decreased. :3 Both your nominal and real wages decreased. ,1 Although your nominal wage fell, your real wage increased. Although your nominal wage rose, your real wage decreased. Question 9 5 points Save Answer Suppose you received a 3 percent increase in your nominal wage. Over the year, inflation ran about 6 percent. Which of the following statements is TRUE? 2‘5 OYour real wage fell. , Your nominal wage fell. Both your nominal and real wages decreased. Although your nominal wage fell, your real wage increased. Both nominal and real wages increased. Question 10 In the circular flow model: the flow of expenditures measures the dollar value on purchases of resources in the product market. the flow of expenditures measures the dollar value of purchases of both goods and services. http://on11ne.columbiasouthem.edu/webapps/assessment/take/launch.j sp?coursc_assessment_id=_71 949_1 3/ 1 5/201 1 Blackboard Learn Page 6 of 107 Test/Survey Status 5 points Save Answer rj. the flow of income goes to the owners of labor only. Question 11 5 points Save Answer Gross Domestic Product equals the: .‘x total output of all goods and services produced by resources located in the US. market value of all goods and services produced by resources located in the US. market value of all final goods and services produced by resources located in the US. value added to the economy by intermediate goods and services minus original cost. value of total sales of goods and services produced in the U.S. Question 12 Click in the blue box that corresponds to the importation of foreign goods. http://onlinc.columbiasouthern.edu/webapps/assessment/take/launch.jsp?course_assessment_id=;71 949_1 3/ 1 5/201 1 Blackboard Learn Page 7 of 10 Lv Test/Survey Status ' 5 points Save Answer Hnusehulds Selected Coordinates {Elear Question 13 Click in the blue box that corresponds to the government‘s purchase of goods and services. http://on1ine.columbiasouthern.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_71949_1 ... 3/ 1 5/201 1 Blackboard Learn ‘ Page 8 of 10 ¥ Test/Survey Status 5 points Save Answer in: am rIITI Hnusehnids iinuemments Selected Coordinates Clear Question 14 Consider the business cycle below. Click the red square that corresponds to an increasing unemployment rate. http://online.columbiasouthem.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_71949_1 ... ' 3/ 1 5/201 1 Blackboard Learn Page 9 of 10 Test/Su rvey Status 5 points Save Answer BUSINESS BYBLE Selected Coordinates Question 15 Year 2005 EDI]? Eflflfl HIDE halal"; M5453 wartime “HR”, CMqu dmw ' ‘ ' n lag/“l @{uaceg {n 4% flpz‘cgj W4C}- lDGLS SHORT ANSWER: Consider the price index above. What are the values for A, B, and C? was there Lnflation‘fro‘m 2906 to 2009? If the price changes above occurred for all goods across the economy during the four year period, explain how nominal GDP and real GDP would differ. http :// online.columbiasouthem.edu/webapps/ assessment/take/ launch. j sp?course_assessment_id=_7 1 949_1 .. . Visual Editor: 3/15/2011 Blackboard Learn Page 10 of 10 tr: Test/Survey Status w, _ l ' ' ' 20 'poi'nts Save Answer l -_ _ __ ,_ a A f“ Path: body 1“. ._t ,,.,,..._.-7 -gu “A - Question 16 10 points Save Answer ESSAY: What is inflation, and how does it affect consumers? ls inflation always bad? Describe a situation where inflation is positive? I 0 . , V“.- lll. Hi i [2.9 , ‘ Visual Editor: l l‘Normal -3x Arial nlBIgabelxzleEEEléEEiii': is Path: body Save and Submit Save All Answers Close Window l Save and Submit http :// online.columbiasouthern.edu/webapps/ assessment/take/ launch. j sp?course_assessment_id=_7 1 949_1 3/1 5/201 1 ...
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This note was uploaded on 11/30/2011 for the course BBA 2401 taught by Professor Akbar,zinia during the Spring '11 term at Columbia Southern University, Orange Beach.

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Macroeconomics_Assessment_IV - Page 1 0f10 Blackboard Learn...

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