ECON 102 QUIZ 2 QUESTIONS AND ANSWERS (Econ-102)

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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS.
Exam (elaborations) • 7 pages • 2021

ECON 102 QUIZ 2 QUESTIONS AND ANSWERS. Macroeconomics considers ________ and microeconomics considers ________Correct! economywide phenomena; choices of individuals Question 2 0.5 / 0.5 pts Dr. Dave’s economics students are creating models explaining gasoline price changes. Minjun's model has realistic assumptions and is very complex. Ava's model is less complicated and less realistic. Minjun's model correctly predicts gas price increases 25% of the time. Anna's model predicts cor...

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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS.
Exam (elaborations) • 5 pages • 2021

ECON 102 QUIZ 2 QUESTIONS AND ANSWERS. Business cycles are A. movements in stock prices. B. the transfer of executives between firms. C. used to describe fluctuations in GDP. D. a description of the time required to bring a new product to market. Answer Key: C Question 2 of 10 10.0/ 10.0 Points Economists define the unemployed as individuals who are A. not currently working. B. not currently working but are actively looking for work. C. working but looking for a different ...