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Unformatted text preview: ployment rate and a fall in
d. An unemployment rate above the full-employment rate and a rise in
e. A decrease in the world stock of gold.
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w load 4365 17. Which of the following is the best reason why the U.S. economy had a
recession in 2001:
Test ID: 1851 1 t ID:
e. 185 The stock of investment goods in the U.S. was too high
The Canadian economy had a recession in 2001
Tax rates in the U.S. were too low
Demand by China for U.S. products was too high
Spending by the U.S. government was too high
Tes t ID: 185 1 4365
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ade r ID: 436 5 Solution (if any) is NOT audited, so use at your discretion.
Do wn lo ad er
ID : 43 65 18. When the Bank of Canada lowers interest rates, which of the following is most
likely to occur:
Tes t ID: 185
1 Demand for housing goes down and employment increases
Demand for automobiles does down and employment decreases
Exports go up and employment decreases
Government spending goes down and employment decreases
Business Investment goes up and employment increases
ID: 1851 Test 19. Which of the following will most likely lead to a higher inflation rate:
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65 43 18 : er ad 65 st er ad ID lo wn Do : 43 Te to : ID nl
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w 1851 on ID: Spending on new houses
Spending on computer equipment by businesses
Spending on gasoline by consumers
Spending on DVD players by consumers
Build-ups in inventories by retailers ut
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tu 20. Which of the following is least likely to be affected by stock adjustment: 21. When inventories of goods produced are too high, firms:
e. ID: 1851 Increase production to use u...
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This note was uploaded on 01/09/2013 for the course RSM 100 taught by Professor Oesch during the Spring '08 term at University of Toronto- Toronto.
- Spring '08