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Pts question 1 true or false macroeconomics is the

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1 / 1 pts Question 1 True or false: Macroeconomics is the study of how households and firms make choices and how the government attempts to influence their choices. True False
1 / 1 pts Question 2
True or false: If an increase in crime causes households to spend money on police and security systems, GDP will rise.
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1 / 1 pts Question 3 True or false: If prices rise on average in the U.S. economy, the purchasing power of a dollar declines.
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1 / 1 pts Question 4 True or false: In the circular flow diagram, the value of all the income in the economy is greater than the value of goods and services produced in the economy.
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1 / 1 pts Question 5
True or false: Unemployment caused by a business cycle recession is called cyclical unemployment. True False
1 / 1 pts Question 6 True or false: The full-employment rate of unemployment is zero.
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1 / 1 pts Question 7 True or false: Eliminating structural unemployment would be good for the economy.
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1 / 1 pts Question 8 True or false: If inflationary expectations are increasing, we would expect that the nominal interest rate would also be increasing, holding all else
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1 / 1 pts Question 9 True or false: The inflation rate measures the percentage increase in the price level from one year to the next. True False
0 / 1 pts Question 10 IncorrectIncorrect True or false: Nominal income is equal to real income if the CPI is less than 100.
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2 / 2 pts Question 11 When Mr. Peabody decides on the companies to which he will donate his time and money, a ________ issue is being addressed.
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2 / 2 pts Question 12 Which of the following is notone of thethree biggies in macroeconomics we spent the first part of this course exploring?
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2 / 2 pts Question 13 A car that is produced in 2016 is not sold until 2017. According to thedefinition of GDP, in which year's GDP should it be counted? Half of the sales price will count as part of 2016 GDP and half will count as part of 2017 GDP.
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