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MT445 Unit 10 Review Part 4

MT445 Unit 10 Review Part 4
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MT445 / MT 445
Managerial Economics
Kaplan University (KU Campus)

William A. McEachern
Economics: A Contemporary Introduction, 8e
Hoboken, NJ: John Wiley & Sons.

Unit 10: Monetary Policy and International Trade

Unit 10 Review / Quiz Answers / Final Exam Part 4

76. An increase in government spending, other things constant, would cause a (Points: 1)

77. Stagflation refers to (Points: 1)

78. Which of the following does not contribute to an improved standard of living? (Points: 1)

79. Basic research (Points: 1)

80. According to the convergence theory, (Points: 1)

81. Many people believe that government should promote (Points: 1)

82. In GDP measurement, consumer spending includes (Points: 1)

83. Which of the following is included in GDP as government purchases? (Points: 1)

84. Which of the following is not a problem associated with GDP as a measure of social welfare? (Points: 1)

85. GDP is not a perfect measure of material well-being because it ignores (Points: 1)

86. If the price index for 2008 was 100 and the price index for 2009 was 109, then how much did prices change between 2008 and 2009? (Points: 1)

87. Which of the following is true about labor force participation? (Points: 1)

88. Which type of unemployment is likely to increase the most in a recession? (Points: 1)

89. Because of the way discouraged workers and part-time employment are measured, the official unemployment rate (Points: 1)

90. Cost-push inflation is typically caused by an (Points: 1)

91. An increase in the interest rate, other things constant, will (Points: 1)

92. Which institution was created under the Employment Act of 1946 to assist the President in formulating an appropriate fiscal policy? (Points: 1)

93. In the United States since the Great Depression, the federal government has (Points: 1)

94. A possible explanation for the persistence of the U.S. federal budget deficits is that (Points: 1)

95. An increase in the price level will (Points: 1)

96. The equilibrium interest rate is determined by (Points: 1)

97. In recent years, much of the emphasis of Fed policy has been on (Points: 1)

98. The United States is a major exporter of (Points: 1)

99. Differences in resource endowments are differences in (Points: 1)

100. The world price of a good is (Points: 1)



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