Question 1

To look at the health of the economy, economists would most probably look at indictors such as:

Accepted Answer

A) real GDP, unemployment rate and, the inflation rate. 
B) level of saving, nominal GDP and, the inflation rate. 
C) nominal GDP, level of investment and, the general price level. 
D) the general price level, employment rate and, level of saving. 
A) real GDP, unemployment rate and, the inflation rate. 
B) level of saving, nominal GDP and, the inflation rate. 
C) nominal GDP, level of investment and, the general price level. 
D) the general price level, employment rate and, level of saving.

Question 2

According to researchers, there is a direct link between unemployment and:

Accepted Answer

A) major social problems like higher crime rates, higher rate of depression, heart disease and other illnesses. 
B) major social problems such as high levels of education and, health services. 
C) inflation. 
D) characteristics of structural unemployment. 
A) major social problems like higher crime rates, higher rate of depression, heart disease and other illnesses. 
B) major social problems such as high levels of education and, health services. 
C) inflation. 
D) characteristics of structural unemployment.

Question 3

Which of the following have the most flexible prices?

Accepted Answer

A) airline tickets, gasoline and, electricity. 
B) hair cuts, newspapers and, taxi fares. 
C) computer software and, veterinary services. 
D) coin-operated laundry machines, restaurant menus and, magazines. 
A) airline tickets, gasoline and, electricity. 
B) hair cuts, newspapers and, taxi fares. 
C) computer software and, veterinary services. 
D) coin-operated laundry machines, restaurant menus and, magazines.

Question 4

Modern economic growth refers to the idea of experiencing:

Accepted Answer

A) an increase in output per person as compared to an increase in output. 
B) an increase in output as compared to an increase in output per person. 
C) an increase in population at a faster rate than an increase in output. 
D) an increase in population at the same rate as the increase in output. 
A) an increase in output per person as compared to an increase in output. 
B) an increase in output as compared to an increase in output per person. 
C) an increase in population at a faster rate than an increase in output. 
D) an increase in population at the same rate as the increase in output.

Question 5

Savings are generated when current consumption is less than current output.

Accepted Answer

A) True 
 B)False

Exam 6: Part B: An Introduction to Macroeconomics

To look at the health of the economy, economists would most probably look at indictors such as:

According to researchers, there is a direct link between unemployment and:

Which of the following have the most flexible prices?

Modern economic growth refers to the idea of experiencing:

Savings are generated when current consumption is less than current output.

Part A: Limits, Alternatives, and Choices

Part B: Limits, Alternatives, and Choices

Part A: The Market System and the Circular Flow

Part B: The Market System and the Circular Flow

Part A: Demand, Supply, and Market Equilibrium

Part B: Demand, Supply, and Market Equilibrium

Part A: Market Failures: Public Goods and Externalities

Part B: Market Failures: Public Goods and Externalities

Part A: Governments Role and Government Failure

Part B: Governments Role and Government Failure

Part A: An Introduction to Macroeconomics

Part A: Measuring the Economys Output

Part B: Measuring the Economys Output

Part A: Economic Growth

Part B: Economic Growth

Part A: Business Cycles, Unemployment, and Inflation

Part B: Business Cycles, Unemployment, and Inflation

Part A: Basic Macroeconomic Relationships

Part B: Basic Macroeconomic Relationships

Part A: The Aggregate Expenditures Model

Part B: The Aggregate Expenditures Model

Part A: Aggregate Demand and Aggregate Supply

Part B: Aggregate Demand and Aggregate Supply

Part A: Fiscal Policy, Deficits, Surpluses, and Debt

Part B: Fiscal Policy, Deficits, Surpluses, and Debt

Part A: Money, Banking, and Money Creation

Part B: Money, Banking, and Money Creation

Part A: Interest Rates and Monetary Policy

Part B: Interest Rates and Monetary Policy

Part A: Long-Run Macroeconomic Adjustments

Part B: Long-Run Macroeconomic Adjustments

Part A: International Trade

Part B: International Trade

Part C: Financial Economics

Part A: The Balance of Payments and Exchange Rates

Part B: The Balance of Payments and Exchange Rates

The Economics of Developing Countries

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