umuc econ201 quiz 2 latest 2015 december 31st

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Question Chapter 11 Random Question 1 1 / 1 point _______________________ happens when the economy is producing at its potential and unemployment is at the natural rate of unemployment. a) Stagflation b) The interest rate effect c) The foreign price effect d) Full employment GDP Question 2 1 / 1 point Melanie decided to save 20% of her annual earnings for 10 years so she would have a down payment for a house. After 5 years, what change in the economy would cause an increase in the purchasing power of the funds she has managed to save? a) stagflation b) depression c) deflation d) recession Question 3 1 / 1 point If the price level of what firms produce is rising across an economy, but the costs of production are constant, then: a) higher profits will induce expanded production. b) a majority of industries will start running into limits. c) increase in quantity produced won't be large. d) the maximum potential GDP will be exceeded. Question 4 1 / 1 point What term is u

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umuc econ201 quiz 2 latest 2015 december 31stReport this Question as InappropriateReport this Question as InappropriateQuestionChapter 11 RandomQuestion 1 1 / 1 point_______________________ happens when the economy is producing at its potential andunemployment is at the natural rate of unemployment.a) Stagflationb) The interest rate effectc) The foreign price effectd) Full employment GDPQuestion 2 1 / 1 pointMelanie decided to save 20% of her annual earnings for 10 years so she would have a downpayment for a house. After 5 years, what change in the economy would cause an increase in thepurchasing power of the funds she has managed to save?a) stagflationb) depressionc) deflationd) recessionQuestion 3 1 / 1 pointIf the price level of what firms produce is rising across an economy, but the costs of productionare constant, then:a) higher profits will induce expanded production.b) a majority of industries will start running into limits.c) increase in quantity produced won't be large.d) the maximum potential GDP will be exceeded.Question 4 1 / 1 pointWhat term is used to describe the maximum quantity that an economy can produce, in thecontext of its existing inputs, market and legal institutions?a) aggregate supplyb) potential GDPc) GDP deflatord) AS curveChapter 11 ProblemsQuestion 5 1 / 1 pointThe graph above refers to a significant increase in individual income taxes, taking them to theirhighest level in 50 years. Which of the following i

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