Consider an output gap where Y *.This output gap

A) is desirable because it keeps wage costs low. B) represents a loss of output due to unemployed resources. C) tends to force prices up. D) occurs when there is excess demand. E) is known as an inflationary boom. A) is desirable because it keeps wage costs low. B) represents a loss of output due to unemployed resources. C) tends to force prices up. D) occurs when there is excess demand. E) is known as an inflationary boom.

Exam 19: What Macroeconomics Is All About

Suppose actual output is less than potential output.If the output gap measures the output loss due to the failure to achieve full employment,it can generally be concluded that the larger this output gap,the

(Multiple Choice)

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Question 41

As the banking industry becomes more and more automated,tellers find themselves with unneeded skills and some of them become unemployed.At the same time,software engineers are in increasing demand.These unemployed tellers would be classified as

(Multiple Choice)

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Question 42

If a country's population is 15 million people,and 1 million of those are unemployed,the country's unemployment rate is

(Multiple Choice)

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Question 43

Which of the following is an equivalent term for "full-employment output"?

(Multiple Choice)

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Question 44

Consider an output gap where Y < Y^*.This output gap

(Multiple Choice)

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Question 45

Suppose Canada's exchange rate with the euro rises from 1.2 to 1.4.This rise indicates a(n) of the Canadian dollar,which means it takes Canadian dollars to purchase one euro.

(Multiple Choice)

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Question 46

A change in the Consumer Price Index measures

(Multiple Choice)

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Question 47

Which of the following macroeconomic variables in Canada do NOT display a significant long-run trend over recent decades?

(Multiple Choice)

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Question 48

What does real GDP measure?

(Multiple Choice)

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Question 49

On a graph showing real national income on the vertical axis and time on the horizontal axis,the fluctuations of real national income around the trend-line would indicate the

(Multiple Choice)

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Question 50

On a graph showing real national income on the vertical axis and time on the horizontal axis,the trend-line would probably be a good approximation of the

(Multiple Choice)

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Question 51

A nation's real national income in a given year measures the

(Multiple Choice)

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Question 52

Suppose that a country's population is 30 million and it has a labour force of 15 million people.If 14.5 million people are employed,the country's unemployment rate is

(Multiple Choice)

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Question 53

The unemployment rate will understate the true amount of unemployment if

(Multiple Choice)

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Question 54

In some macroeconomic analyses,it is common to treat the level of productivity as roughly constant.This is a justifiable assumption in

(Multiple Choice)

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Question 55

Consider the situations of a lender and a borrower of money.Which of the following situations is most advantageous to the lender?

(Multiple Choice)

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Question 56

In macroeconomics,what is the output gap?

(Multiple Choice)

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Question 57

Since 1960 in Canada,the rate of inflation has ranged (approximately)between

(Multiple Choice)

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Question 58

Suppose Appliance Mart buys a used refrigerator for $100,repairs it,and resells it for $250.The result of this transaction is to

(Multiple Choice)

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Question 59

Inflation is the rate of change of average prices in the economy.In general,we can say that inflation

(Multiple Choice)

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Question 60

Showing 41 - 60 of 116

Suppose actual output is less than potential output.If the output gap measures the output loss due to the failure to achieve full employment,it can generally be concluded that the larger this output gap,the

As the banking industry becomes more and more automated,tellers find themselves with unneeded skills and some of them become unemployed.At the same time,software engineers are in increasing demand.These unemployed tellers would be classified as

If a country's population is 15 million people,and 1 million of those are unemployed,the country's unemployment rate is

Which of the following is an equivalent term for "full-employment output"?

Consider an output gap where Y < Y^*.This output gap

Suppose Canada's exchange rate with the euro rises from 1.2 to 1.4.This rise indicates a(n) of the Canadian dollar,which means it takes Canadian dollars to purchase one euro.

A change in the Consumer Price Index measures

Which of the following macroeconomic variables in Canada do NOT display a significant long-run trend over recent decades?

What does real GDP measure?

On a graph showing real national income on the vertical axis and time on the horizontal axis,the fluctuations of real national income around the trend-line would indicate the

On a graph showing real national income on the vertical axis and time on the horizontal axis,the trend-line would probably be a good approximation of the

A nation's real national income in a given year measures the

Suppose that a country's population is 30 million and it has a labour force of 15 million people.If 14.5 million people are employed,the country's unemployment rate is

The unemployment rate will understate the true amount of unemployment if

In some macroeconomic analyses,it is common to treat the level of productivity as roughly constant.This is a justifiable assumption in

Consider the situations of a lender and a borrower of money.Which of the following situations is most advantageous to the lender?

In macroeconomics,what is the output gap?

Since 1960 in Canada,the rate of inflation has ranged (approximately)between

Suppose Appliance Mart buys a used refrigerator for $100,repairs it,and resells it for $250.The result of this transaction is to

Inflation is the rate of change of average prices in the economy.In general,we can say that inflation

Economic Issues and Concepts

Economic Theories, data, and Graphs

Demand, supply, and Price

The Measurement of National Income

The Simplest Short-Run Macro Model

Adding Government and Trade to the Simple Macro Model

Real Gdp and the Price Level in the Short Run

From the Short Run to the Long Run: the Adjustment of Factor Prices

Long-Run Economic Growth

Money and Banking

Money, interest Rates, and Economic Activity

Monetary Policy in Canada

Inflation and Disinflation

Unemployment Fluctuations and the Nairu

Government Debt and Deficits

The Gains From International Trade

Trade Policy

Exchange Rates and the Balance of Payments

Filters

Exam 19: What Macroeconomics Is All About

Suppose actual output is less than potential output.If the output gap measures the output loss due to the failure to achieve full employment,it can generally be concluded that the larger this output gap,the

As the banking industry becomes more and more automated,tellers find themselves with unneeded skills and some of them become unemployed.At the same time,software engineers are in increasing demand.These unemployed tellers would be classified as

If a country's population is 15 million people,and 1 million of those are unemployed,the country's unemployment rate is

Which of the following is an equivalent term for "full-employment output"?

Consider an output gap where Y < Y*.This output gap

Suppose Canada's exchange rate with the euro rises from 1.2 to 1.4.This rise indicates a(n)________ of the Canadian dollar,which means it takes ________ Canadian dollars to purchase one euro.

A change in the Consumer Price Index measures

Which of the following macroeconomic variables in Canada do NOT display a significant long-run trend over recent decades?

What does real GDP measure?

On a graph showing real national income on the vertical axis and time on the horizontal axis,the fluctuations of real national income around the trend-line would indicate the

On a graph showing real national income on the vertical axis and time on the horizontal axis,the trend-line would probably be a good approximation of the

A nation's real national income in a given year measures the

Suppose that a country's population is 30 million and it has a labour force of 15 million people.If 14.5 million people are employed,the country's unemployment rate is

The unemployment rate will understate the true amount of unemployment if

In some macroeconomic analyses,it is common to treat the level of productivity as roughly constant.This is a justifiable assumption in

Consider the situations of a lender and a borrower of money.Which of the following situations is most advantageous to the lender?

In macroeconomics,what is the output gap?

Since 1960 in Canada,the rate of inflation has ranged (approximately)between

Suppose Appliance Mart buys a used refrigerator for $100,repairs it,and resells it for $250.The result of this transaction is to

Inflation is the rate of change of average prices in the economy.In general,we can say that inflation

Economic Issues and Concepts

Economic Theories, data, and Graphs

Demand, supply, and Price

The Measurement of National Income

The Simplest Short-Run Macro Model

Adding Government and Trade to the Simple Macro Model

Real Gdp and the Price Level in the Short Run

From the Short Run to the Long Run: the Adjustment of Factor Prices

Long-Run Economic Growth

Money and Banking

Money, interest Rates, and Economic Activity

Monetary Policy in Canada

Inflation and Disinflation

Unemployment Fluctuations and the Nairu

Government Debt and Deficits

The Gains From International Trade

Trade Policy

Exchange Rates and the Balance of Payments

Filters

Consider an output gap where Y < Y^*.This output gap

Suppose Canada's exchange rate with the euro rises from 1.2 to 1.4.This rise indicates a(n) of the Canadian dollar,which means it takes Canadian dollars to purchase one euro.