The contemporary rate of unemployment that is often put forth as a benchmark high-employment level ranges from a. 4.5 to 5 percent. b. 4.0 to 6 percent. c. 6 to 6.5 percent. d. 1 to 4.5 percent. ANSWER B
Date: September 10th, 2020
In the real intertemporal model, an adverse sectoral shock acts to A) reduce real output and reduce the real interest rate. B) increase real output and increase the real interest rate. C) increase real output and reduce the real interest rate. D) reduce real output and increase the real interest rate. ANSWER D
Date: September 10th, 2020
A bill of exchange necessitated the use of coin and bullion and thus restricted the growth of commercial trade. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Which of the following statements is (are) correct? The new classical economics a. questions the soundness of the Keynesian model, arguing that many of its relationships are not firmly based on individual optimizing behavior. b. criticizes what it considers arbitrary assumptions of Keynesians concerning wage stickiness and consequent involuntary unemployment. c. favors the rational expectations […]
Date: September 10th, 2020
Assuming that the central bank is following a money stock targeted, an exogenous rise in investment demand a. causes income to rise but the money stock has to be increased to accommodate the expansion. b. has to be accommodated with open market purchases to expand the money stock. c. increases income, money demand, and lowers […]
Date: September 10th, 2020
Evidence that convergence occurs within economies is drawn in part from the example of ________. A) Hiroshima and Nagasaki Japan B) North and South Korea C) West and East Germany during the Cold War D) Hong Kong and Singapore ANSWER A
Date: September 10th, 2020
The IS curve will shift to the right if: a. the government deficit decreases. b. consumer confidence decreases. c. the MPC decreases. d. taxes decrease. e. the money supply increases. ANSWER D
Date: September 10th, 2020
Public funding is not a part of colonial history. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The phenomenon of crowding-out suggests that the positive impact of budget deficits on economic activity are reduced by ________. A) the impact produced by government spending on the environment B) an increase in national savings C) the interest rate effects associated with federal deficits D) the increase in pork barrel projects deficit spending entails […]
Date: September 10th, 2020
Within rich economies, there is strong evidence of convergence ________. A) for regions within a country B) with developing economies C) leading to military conflict D) of capital stocks, rather than output ANSWER A
Date: September 10th, 2020
