Business Finance
week 2 quiz ECO 203 ashford

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I’m studying for my Management class and don’t understand how to answer this. Can you help me study?

week 2 quiz Bethany M Baldwin.xlsx

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Question 1.1. During the expansionary phase of the business cycle, it is likely that real income will (Points : 1) increase, the price level will increase, and the unemployment rate will increase. increase, the price level will decrease, and the unemployment rate will decrease. increase, the price level will increase, and the unemployment rate will decrease. decrease, the price level will increase, and the unemployment rate will increase. decrease, the price level will increase, and the unemployment rate will decrease. Question 2.2. The value of net exports is a positive number in the national income accounts when (Points : 1) capital consumption exceeds net investment. exports exceed imports. imports exceed exports. national income exceeds personal income. net investment exceeds capital consumption. Question 3.3. Cyclical unemployment is a function of (Points : 1) search costs. mismatch of workers and jobs. unemployment compensation. new entrants into the labor force. a decline in total output. Question 4.4. Which of the following is a result of slow economic growth? (Points : 1) Increasing tax revenues increasing levels of pollution higher unemployment rates political tranquility Question 5.5. If an attempt is made to use aggregate supply to increase output, (Points : 1) employment should remain at the same level. employment should fall. prices should remain at the same level. prices should fall. prices should rise. Question 6.6. Real GDP is the (Points : 1) amount of goods and services available to each individual per period of time. change in the quantity of goods and services produced over two periods of time. value of the goods and services worn out in the production process during one year. value of production of final output in one year after adjusting for changes in price during the same period. value of goods and services produced as of a particular point in time. Question 7.7. Which form of unemployment will probably last for the shortest time for a given worker? (Points : 1 normal unemployment full unemployment structural unemployment frictional unemployment cyclical unemployment Question 8.8. If aggregate demand increases and the aggregate supply curve is upward sloping and unchanged, (P P rises and Y falls. P rises and Y rises. P falls and Y falls. P falls and Y rises. P falls and the effect on Y cannot be determined. Question 9.9. The government component of GDP includes government expenditures on (Points : 1) goods, services, and taxes. goods, services, and transfers. goods and services. only goods. Question 10.10. All but which one of the following are possible benefits of economic growth? (Points : 1) higher incomes more services pollution increased per capita output increased productivity e during the same period. or a given worker? (Points : 1) rd sloping and unchanged, (Points : 1) ...
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