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Macro Exo Exam 2 & Salesforce Email Specialist Exam: Superior Questions with Expert Solutions, Certified for High Academic Standards to Boost Your Grades$24.99
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Macro Exo Exam 2 & Salesforce Email Specialist Exam: Superior Questions with Expert Solutions, Certified for High Academic Standards to Boost Your Grades
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Course
Macro Exo
Institution
Macro Exo
Macro Exo Exam 2 & Salesforce Email
Specialist Exam: Superior Questions with
Expert Solutions, Certified for High Academic
Standards to Boost Your Grades
Macro Exo Exam 2 & Salesforce Email
Specialist Exam: Superior Questions with
Expert Solutions, Certified for High Academic
Standards to Boost Your Grades!
A recent accounting graduate from a major business school is searching for a place to
begin his career as an accountant. This individual is best considered as
a)frictionally unemployed.
b)structurally unemployed.
c)seasonally unemployed.
d)cyclically unemployed. - CORRECT ANS- -A recent accounting graduate from a major
business school is searching for a place to begin his career as an accountant. This
individual is best considered as
frictionally unemployed.
The aggregate production function shows how ________ varies with ________.
labor; leisure time
real GDP; labor
leisure time; labor
labor; capital - CORRECT ANS- -The aggregate production function shows how ________
varies with ________.
real GDP; labor
Technological change
lowers the real wage rate.
increases potential GDP.
,decreases labor productivity.
has no effect on employment. - CORRECT ANS- -Technological change
increases potential GDP.
If the CPI is 120, this means that
a)prices are 120 percent higher than in the reference base period.
b)prices are 0.12 times higher than in the reference base period.
c)prices are 20 percent higher than in the reference base period.
d)the inflation rate must be positive. - CORRECT ANS- -If the CPI is 120, this means that
prices are 20 percent higher than in the reference base period.
Potential GDP per labor hour can increase due to
a)increases in the quantity of money.
b)increases in labor productivity.
c)decreases in the quantity of capital.
d)increases in population. - CORRECT ANS- -Potential GDP per labor hour can increase
due to
b)increases in labor productivity.
Which theory of economic growth concludes that growth can continue indefinitely?
the classical theory
the neoclassical theory
the new theory
all of the theories - CORRECT ANS- -Which theory of economic growth concludes that
growth can continue indefinitely?
, the new theory
At the end of last year, the CPI equaled 120. At the end of this year, the CPI equals 132.
What is the inflation rate over this year
6 percent
10 percent
12 percent
None of these answers are correct because more information is needed to calculate the
inflation rate. - CORRECT ANS- -At the end of last year, the CPI equaled 120. At the end of
this year, the CPI equals 132. What is the inflation rate over this year
10 percent
People base their labor supply on the ________ because they care about ________.
real wage; the equality of money wages and the price level
money wage; the amount of labor firms demand
money wage; a surplus of labor
real wage; what their earnings will buy - CORRECT ANS- -People base their labor supply on
the ________ because they care about ________.
real wage; the equality of money wages and the price level
A recession causes a decrease in the demand for housing, resulting in substantial layoffs in
the construction industry. The people laid off are considered
cyclically unemployment.
seasonally unemployment.
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