Name ________________________________________________ ECON 2101 - Principles of Macroeconomics‚ Spring 2009 - Test 1 VERSION B KEY Multiple Choice (2.5 points each) Choose the response that best answers the question or completes the statement. Make sure you put all of your responses on the opscan form. 1. Suppose that a more efficient way to produce a good is discovered‚ thus lowering production costs for the good‚ ceteris paribus. This will cause a(n): a) Increase in quantity supplied
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Principles of Macroeconomics / Microeconomics Your Name:___Yurui Yao_____________________ Instructor: Jim Borer‚ MBA Homework Assignment #3 due by 11:59 PM on February 7 (100 points) Part 1: Answer the following multiple choice (MC) questions (you may highlight‚ bold‚ or enter a letter in the blank – 2 points each): 1. __D____ If the price of a sub sandwich increases by 2% and the quantity demanded falls by 5%‚ then there will be a. an increase in the price elasticity of demand. b. an increase
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QUIZ 1. She hid candles in her shoes so she could study math at night. Sonya Kovalevsky 2. He was a Greek mathematician whose school got burned down. Pythagorus 3. He was a Greek mathematician known for shouting “Eureka!” in his bathtub. Archimedes 4. Her bedroom wall was covered with calculus notes. Sonya Kovalevsky 5. This German mathematician was a smart child who went to college at age 14. Johann Carl Gauss 6. He was an English mathematician who was born on Christmas Day. Isaac Newton 7. He dropped
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Examinations of December / April/May □ / July □ 2011 Time: Paper No: Course Code and Name Title: ECON1002 INTRODUCTION TO MACROECONOMICS Date: Duration ___2_______Hrs. Materials required: Answer booklet: Calculator: (where applicable) √ Programmable □ Normal Numerical Special □ Not Required □ Non Programmable Alphabetical √ Included Multiple Choice Answer Sheets: □ □ □ Auxiliary/Other material(s) – Please specify: …………………………………………………………………………………………………………… …………………………………………………………………………………………………………
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Macroeconomics is the study of how a national economy works with a view to understanding the interaction between growth in national income ‚employment and inflation. It also looks at balance of trade and the rate of exchange. Most national governments have four main objectives for their national economies. These are; achieve a low and stable rate of inflation in the general level of prices‚ achieve a high and stable level of employment‚ and therefore a low level of unemployment‚ encourage economic
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ECO/372 Macroeconomic Terms and Concepts Macroeconomics study’s the overall level of production in the economy. “Economists assess the success of an economy’s overall performance by studying how it could achieve high rates of output and consumption growth” (Macroeconomics‚ 2008‚ para. 5). In the following paragraphs‚ various aspects of macroeconomics will be analyzed. First‚ the United States (U.S.) functions as a market economy and is affected by fluctuations in production output levels
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MBA 6410 Project Part 1 The Financial Accelerator and the Flight to Quality One puzzle that has long plagued business cycle analysis is the existence of large fluctuations in aggregate economic activity that arise from what seem to be small shocks. This anomaly is what motivated the research into the financial accelerator. The financial accelerator is a possible explanation for these disproportional fluctuations. Changes in the credit market amplify and spread the initial shocks. This is explanation
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price of a haircut usually changes ______. Answer Selected Answer: unrealistic; infrequently Correct Answer: unrealistic; infrequently . Question 2 . Which of the following is not the correct combination for a U.S. president and an important economic issue of his administration? Answer Selected Answer: President Clinton‚ inflation Correct Answer: President Clinton‚ inflation . Question 3 . Macroeconomic models are used to explain how ______ variables
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Fundamentals of Macroeconomics Paper Alyssa Chun ECO/372 February 12‚ 2015 Dr. Christian Teeter Fundamentals of Macroeconomics Paper There are many economic activities that have an apparent affect on businesses‚ households‚ and the government. Some of these various financial affairs include tax reductions‚ vast employee layoffs‚ and purchasing groceries. For each activity there is a flow of resources that go from one entity to another. Although it may seem as if these activities are
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its high tech industry . (2010‚ June 20). Georgian Business Week‚ Retrieved from http://www.gbw.ge/news.aspx?sid=e8dde96b-b4e2-4663-87c0-d5f8a8ea1ece Rittenberg‚ L‚ & Tregarthen‚ T. (2009). 19.3. Keys to Economic Development. Principles of macroeconomics . Retrieved February 3‚ 2011‚ from http://www.web-books.com/eLibrary/NC/B0/B62/096MB62.html
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