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MT445 Unit 8 Review

MT445 Unit 8 Review
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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 8: Introduction to Macroeconomics, Productivity and Growth

Unit 8 Review / Quiz Answers

1. Which of the following statements regarding Gross Domestic Product is not true? (Points: 1)

2. Long-term growth in production can be partially explained by (Points: 1)

3. Which of the following explains why the aggregate demand curve slopes downward? (Points: 1)

4. Adam Smith's "invisible hand" explains (Points: 1)

5. According to Keynes, in order to get the economy out of a recession, the government should (Points: 1)

6. The difference between human capital and physical capital is that (Points: 1)

7. An improvement in the quality of capital would (Points: 1)

8. The rules of the game refer to (Points: 1)

9. Which of the following best describes the impact of technological change on labor? (Points: 1)

10. An increase in the amount of capital per worker is called (Points: 1)



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