BMAL 590 Macroeconomics Exam Questions and Answers with Guaranteed Pass
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BMAL 590 Macroeconomics
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BMAL 590 Macroeconomics
BMAL 590 Macroeconomics Exam Questions and Answers with Guaranteed Pass
Which one of the following is not a cost voluntary unemployment? - Answer- mental stress that the unemployment may undergo.
Cyclical unemployment is the: - Answer- unemployment that occurs during the recessionary and dep...
BMAL 590 Macroeconomics Exam
Questions and Answers with
Guaranteed Pass
Which one of the following is not a cost voluntary unemployment? - Answer- mental
stress that the unemployment may undergo.
Cyclical unemployment is the: - Answer- unemployment that occurs during the
recessionary and depressionary parts of the business cycle.
The natural rate of unemployment can be described as: - Answer- the sum of frictional
unemployment and structural unemployment.
According to Keynesian economist, those who are not working: - Answer- are not able
to find a job at the current wage rate.
The index most often used to measure inflation is the: - Answer- consumer price index
Assume you at the owner of a firm manufacturing bicycles. Assume also that wage
inflation is higher than price inflation. Would you be worried? - Answer- Yes, because
the cost of your input is growing faster than the revenue obtained from the output.
In the long run, Phillips curve will be vertical and the natural rate of unemployment if: -
Answer- the long run aggregate supply curve is vertical at potential GDP.
If input prices adjusted very slowly to output prices, the Phillips curve would be: -
Answer- horizontal or nearly horizontal
Suppose the inflationary expectation in an economy increase, the short run Phillips
curve would: - Answer- Shift to the right
Suppose the government reduces the corporate tax rate to encourage businesses to
invest in development, this would be an example of: - Answer- an expansionary supply
side policy
Which one of the following does real GDP measure? - Answer- a country's physical
output
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