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ECON 700 Test 1 & 2 Final Exam Prediction
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ECON 700 Test 1 & 2 Final Exam Prediction
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ECON 700 Test 1 & 2 Final Exam Prediction, Test01
Question 1
1 out of 1 points
The additional profit earned by Microsoft Corporation by marketing and using a different
method of coding software is a microeconomic issue.
Selected Tru
Answer: e
Answers: Tru
e
False
Question 2
1 out of 1 points
Fiscal policy involves changes in the quantity of money or the interest rate.
Selected Fals
Answer: e
Answers: True
Fals
e
Question 3
1 out of 1 points
Monetary and fiscal policy are undertaken to reduce the severity of recessions.
Selected Tru
Answer: e
Answers: Tru
, e
False
Question 4
1 out of 1 points
One type of macroeconomic policy is antitrust enforcement.
Selected Fals
Answer: e
Answers: True
Fals
e
Question 5
1 out of 1 points
Fiscal policy can be used to reduce the severity of recessions.
Selected Tru
Answer: e
Answers: Tru
e
False
Question 6
1 out of 1 points
The business cycle is the long-run alternation between economic downturns and
economic upturns.
Selected Fals
Answer: e
, Answers: True
Fals
e
Question 7
1 out of 1 points
Expansions are periods of economic growth when real GDP and employment are
growing.
Selected Tru
Answer: e
Answers: Tru
e
False
Question 8
1 out of 1 points
Recessions are periods in which output and employment are falling.
Selected Tru
Answer: e
Answers: Tru
e
False
Question 9
1 out of 1 points
Business cycles are the expansion, contraction, then expansion again of nominal GDP.
Selected Fals
e
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