Question 1

If the CPI changes from 150 in one year to 160 the next, the rate of inflation over that time period is

Accepted Answer

A)  10%. 
B)  106.66%. 
C)  6.666%. 
D)  .06666%. 
A)  10%. 
B)  106.66%. 
C)  6.666%. 
D)  .06666%.

Question 2

The inflation rate

Accepted Answer

A)  is the principal measure of material well-being and economic productivity. 
B)  is the principal measure of how far production is falling short of potential output. 
C)  is the proportional rate of change of the price level. 
D)  is the principal determinant of the level of investment, and a principal determinant of future economic growth. 
A)  is the principal measure of material well-being and economic productivity. 
B)  is the principal measure of how far production is falling short of potential output. 
C)  is the proportional rate of change of the price level. 
D)  is the principal determinant of the level of investment, and a principal determinant of future economic growth.

Question 3

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

Accepted Answer

A)  real GDP 
B)  the price of apples 
C)  the unemployment rate 
D)  the exchange rate 
A)  real GDP 
B)  the price of apples 
C)  the unemployment rate 
D)  the exchange rate

If the CPI changes from 150 in one year to 160 the next, the rate of inflation over that time period is

The inflation rate

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

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

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Exam 2: Measuring the Macroeconomy

If the CPI changes from 150 in one year to 160 the next, the rate of inflation over that time period is

The inflation rate

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

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