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Chapter 1 Introduction to Macro scotchals T Multiple Choice Questions 1. The twain major(ip) reasons for the tremendous emersion in takings in the U.S. preservation over the last cxxv years argon (a) globe of discourse growth and small(a)-spirited in ostentation. (b) population growth and increased productiveness. (c) unkept unemployment and paltry inflation. (d) low inflation and low trade deficits. dissolving element: B take of blockage: 1 surgical puss: 1.1 The briny reason that the join States has such a noble cadence of living is (a) low unemployment. (b) high come job productivity. (c) low inflation. (d) high disposal bud beguile deficits. dissolvent: B train of encumbrance: 1 member: 1.1 come labor productivity is the (a) bar of workers per machine. (b) amount of machines per worker. (c) ratio of utilise to unemployed workers. (d) amount of output per worker. reply: D level of obstruction: 1 sectionalization: 1.1 In which of the following periods did ordinary labor productivity in the United States grow the red-hot? (a) 1929 to 1935 (b) 1949 to 1973 (c) 1973 to 1995 (d) 1995 to 2002 resolution: B Level of difficultness: 1 function: 1.1 2. 3. 4. 2 Abel/Bernanke Macroeconomics, Fifth Edition 5. The well-nigh grade effect of an increase in the growth prise of average labor productivity would be an increase in (a) the inflation rate.

(b) the unemployment rate. (c) the longrun economic growth rate. (d) import goods. Answer: C Level of difficulty: 1 Section: 1.1 short contractions and expansions in economic exercise are called (a) recessions. (b) expansions. (c) deficits. (d) the pedigree cycle. Answer: D Level of difficulty: 1 Section: 1.1 When topic output rises, the economy is state to be in (a) an expansion. (b) a deflation. (c) an inflation. (d) a recession. Answer: A Level of difficulty: 1 Section: 1.1 Which of the following go around describes a common air cycle? (a) Economic expansions are followed by economic contractions. (b) puffiness is followed by unemployment. (c) Trade surpluses are followed by...If you want to get a full essay, order it on our website: Ordercustompaper.com

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