Exam 2: Measuring the Macroeconomy

If the nominal dollar price of the euro decreases by 10% (from $1.00 to $.90) and the ratio of the price level in Europe to the price level in the U.S. increases by 20%, the real dollar price of the euro will

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Question 1

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If the risk premium associated with holding stocks increases at the same time that investors become more pessimistic and expect that long-term earnings will decrease, we would

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Question 2

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The unemployment rate

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Question 3

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Which of the following is not one of the six key variables in macroeconomics?

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Question 4

If the CPI changes from 106 in one year to 110 the next, the rate of inflation over that time period is

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Question 5

Suppose that real GDP is $10 trillion and the unemployment rate is 5.5%. If, over the next year, potential output grows by 2.5 percent and the unemployment rate decreases by 1 percentage point to 4.5%, real GDP will increase to

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Question 6

The labor force is composed of those who are

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Question 7

Times of high and rising unemployment tend to be unusually difficult for which of the following groups of workers?

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Question 8

Real GDP is calculated by

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Question 9

If investors become pessimistic and expect that long-term earnings will decrease, we would initially expect

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Question 10

If the risk premium associated with holding stocks decreases at the same time that the real rate of interest increases, we would

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Question 11

Products that are in the process of production but are not finished and sold by the end of the year are counted as

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Question 12

The real value of the stock market sums up all of the following information except

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Question 13

If the risk premium associated with holding stocks increases at the same time that investors become more optimistic and expect that long-term earnings will increase, we would

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Question 14

If investors become more pessimistic and expect that long-term earnings will decrease at the same time that the real rate of interest increases, we would

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Question 15

If the inflation rate, as measured by the CPI, over the past year was 3%, a basket of goods and services that cost _ a year ago would be equivalent to ___ at the current price level.

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Question 16

Stock prices are not likely to increase if

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Question 17

Economists care about the real value of stocks because

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Question 18

The real long-term interest rate

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Question 19

Suppose that real GDP is $8 trillion and the unemployment rate is 5.5%. If, over the next year, potential output grows by 2.5 percent and the unemployment rate decreases by 1 percentage point to 4.5%, real GDP will increase to

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Question 20

Showing 1 - 20 of 63

If the nominal dollar price of the euro decreases by 10% (from $1.00 to $.90) and the ratio of the price level in Europe to the price level in the U.S. increases by 20%, the real dollar price of the euro will

If the risk premium associated with holding stocks increases at the same time that investors become more pessimistic and expect that long-term earnings will decrease, we would

The unemployment rate

Which of the following is not one of the six key variables in macroeconomics?

If the CPI changes from 106 in one year to 110 the next, the rate of inflation over that time period is

Suppose that real GDP is $10 trillion and the unemployment rate is 5.5%. If, over the next year, potential output grows by 2.5 percent and the unemployment rate decreases by 1 percentage point to 4.5%, real GDP will increase to

The labor force is composed of those who are

Times of high and rising unemployment tend to be unusually difficult for which of the following groups of workers?

Real GDP is calculated by

If investors become pessimistic and expect that long-term earnings will decrease, we would initially expect

If the risk premium associated with holding stocks decreases at the same time that the real rate of interest increases, we would

Products that are in the process of production but are not finished and sold by the end of the year are counted as

The real value of the stock market sums up all of the following information except

If the risk premium associated with holding stocks increases at the same time that investors become more optimistic and expect that long-term earnings will increase, we would

If investors become more pessimistic and expect that long-term earnings will decrease at the same time that the real rate of interest increases, we would

If the inflation rate, as measured by the CPI, over the past year was 3%, a basket of goods and services that cost _ a year ago would be equivalent to ___ at the current price level.

Stock prices are not likely to increase if

Economists care about the real value of stocks because

The real long-term interest rate

Suppose that real GDP is $8 trillion and the unemployment rate is 5.5%. If, over the next year, potential output grows by 2.5 percent and the unemployment rate decreases by 1 percentage point to 4.5%, real GDP will increase to

Introduction to Macroeconomics

Thinking Like an Economist

The Theory of Economic Growth

The Reality of Economic Growth: History and Prospect

Building Blocks of the Flexible-Price Model

Equilibrium in the Flexible-Price M Odel

Money, Prices, and Inflation

The Sticky-Price Income-Expenditure Framework: Consumption and the Multiplier

Investment, Net Exports, and Interest Rates: The Is Curve

The Money Market and the LM Curve

The Phillips Curve, Expectations, and Monetary Policy

Stabilization Policy

Budget Balance, National Debt, and Investment

International Economic Policy

Changes in the Macroeconomy and Changes in Macroeconomic Policy

The Future of Macroeconomics

Epilogue

Filters

Exam 2: Measuring the Macroeconomy

If the nominal dollar price of the euro decreases by 10% (from $1.00 to $.90) and the ratio of the price level in Europe to the price level in the U.S. increases by 20%, the real dollar price of the euro will

If the risk premium associated with holding stocks increases at the same time that investors become more pessimistic and expect that long-term earnings will decrease, we would

The unemployment rate

Which of the following is not one of the six key variables in macroeconomics?

If the CPI changes from 106 in one year to 110 the next, the rate of inflation over that time period is

Suppose that real GDP is $10 trillion and the unemployment rate is 5.5%. If, over the next year, potential output grows by 2.5 percent and the unemployment rate decreases by 1 percentage point to 4.5%, real GDP will increase to

The labor force is composed of those who are

Times of high and rising unemployment tend to be unusually difficult for which of the following groups of workers?

Real GDP is calculated by

If investors become pessimistic and expect that long-term earnings will decrease, we would initially expect

If the risk premium associated with holding stocks decreases at the same time that the real rate of interest increases, we would

Products that are in the process of production but are not finished and sold by the end of the year are counted as

The real value of the stock market sums up all of the following information except

If the risk premium associated with holding stocks increases at the same time that investors become more optimistic and expect that long-term earnings will increase, we would

If investors become more pessimistic and expect that long-term earnings will decrease at the same time that the real rate of interest increases, we would

If the inflation rate, as measured by the CPI, over the past year was 3%, a basket of goods and services that cost _____ a year ago would be equivalent to _______ at the current price level.

Stock prices are not likely to increase if

Economists care about the real value of stocks because

The real long-term interest rate

Suppose that real GDP is $8 trillion and the unemployment rate is 5.5%. If, over the next year, potential output grows by 2.5 percent and the unemployment rate decreases by 1 percentage point to 4.5%, real GDP will increase to

Introduction to Macroeconomics

Thinking Like an Economist

The Theory of Economic Growth

The Reality of Economic Growth: History and Prospect

Building Blocks of the Flexible-Price Model

Equilibrium in the Flexible-Price M Odel

Money, Prices, and Inflation

The Sticky-Price Income-Expenditure Framework: Consumption and the Multiplier

Investment, Net Exports, and Interest Rates: The Is Curve

The Money Market and the LM Curve

The Phillips Curve, Expectations, and Monetary Policy

Stabilization Policy

Budget Balance, National Debt, and Investment

International Economic Policy

Changes in the Macroeconomy and Changes in Macroeconomic Policy

The Future of Macroeconomics

Epilogue

Filters

If the inflation rate, as measured by the CPI, over the past year was 3%, a basket of goods and services that cost _ a year ago would be equivalent to ___ at the current price level.