Strayer ECO 405 Multiple choice Quiz

Jul 2nd, 2016
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1 Which of the following is a central issue in macroeconomics? A) the deregulation of the banking industry B) inflation of prescription drug prices C) the effect of excise taxes on consumers' buying patterns D) none of the above 2 Which of the following is NOT an issue in macroeconomics? A) issues relating to the balance of payment B) the determination of prices in the agricultural sector C) the relationship between inflation and unemployment D) the possible effect of budget deficit increases on the level of investment 3 In studying growth theory A) we focus on the very long run B) we ignore recessions and booms C) we assume that all inputs are fully employed D) all of the above 4 In the very long run A) the position of the AD-curve depends on the productive capacity of the economy B) the position of the AS-curve depends on the degree of consumer confidence C) the position of the AS-curve essentially determines the level of output D) the position of the AD-curve is a

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Strayer ECO 405 Multiple choice Quiz1 Which of the following is a central issue in macroeconomics?A) the deregulation of the banking industryB) inflation of prescription drug pricesC) the effect of excise taxes on consumers' buying patternsD) none of the above2 Which of the following is NOT an issue in macroeconomics?A) issues relating to the balance of paymentB) the determination of prices in the agricultural sectorC) the relationship between inflation and unemploymentD) the possible effect of budget deficit increases on the level of investment3 In studying growth theoryA) we focus on the very long runB) we ignore recessions and boomsC) we assume that all inputs are fully employedD) all of the above4 In the very long runA) the position of the AD-curve depends on the productive capacity of the economyB) the position of the AS-curve depends on the degree of consumer confidenceC) the position of the AS-curve essentially determines the level of outputD) the position of the AD-curve is affected by changes in efficiency improvements5 The position of the long-run AS-curve is determined byA) the full-employment level of outputB) consumer confidenceC) fiscal policyD) monetary policy6 In the very long run,A) the AS-curve is verticalB) the AS-curve is horizontalC) the AS-curve is upward slopingD) the level of output is solely determined by the position of the AD-curve7 Which of the following is NOT true in the very short run?A) a shift in the AD-curve

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