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Ashford 3 : - Week 2 - Quiz
Time Remaining:
Question 1.1. Policies to reduce fluctuations in output and employment are called (Points : 1)
intergovernmental policies.
stabilization policies.
incomes policies.
production policies.
recession policies.
Question 2.2. 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 3.3. Economic growth is the result of (Points : 1)
falling prices.
more pollution.
less population.
additional resources and advances in technology.
a decrease in the money supply.
Question 4.4. All but one of the following will shift the aggregate demand curve to the right. (Points : 1)
changes in consumer wealth
changes in the size and composition of the population
changes in tastes
changes in production technology
Question 5.5. 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
Question 6.6. All but one of the following factors may contribute to slow growth of productivity in the United Stat
low levels of capital investment.
a high percentage of inexperienced workers in the labor force.
lack of investment in research and development to develop better technology.
lack of demand for output.
poorly trained or illiterate workers.
Question 7.7. The typical aggregate demand curve (Points : 1)
has a positive slope in the short run and is vertical in the long run.
is horizontal.
is downward sloping.
is horizontal in the short run but has a negative slope in the long run.
Question 8.8. 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 9.9. In the circular flow model, how can households use their income? (Points : 1)
expenditures, investment, borrowing, and spending on imports
borrowing, investment, taxes, and saving
expenditures, saving, taxes, and spending on imports
expenditures, taxes, investment, and borrowing
taxes, investment, and hoarding
Question 10.10. The term “recession” refers to a (Points : 1)
period of decline in real output.
fall in the general level of real wages.
fall in the CPI.
fall in the rate of increase of real per capita GDP.
prolonged period of falling prices.
roductivity in the United States: (Points : 1)
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