05 Jun Question Question 1 Historical evidence for the U.S. economy indicates that
Question
Question 1
Historical evidence for the U.S. economy indicates that
Answer
recessions have occurred roughly once every six years since the 1960s.
the unemployment rate usually decreases during a recession and increases shortly after the recession ends.
real GDP usually remains roughly constant during a recession and decreases shortly after the recession ends.
changes in real GDP over the business cycle are largely attributable to changes in investment over the business cycle.
2 points
Question 2
Which of the following is most commonly used to monitor short-run changes in economic activity?
Answer
the inflation rate
real GDP
aggregate demand
aggregate supply
2 points
Question 3
During recessions investment
Answer
falls by a larger percentage than GDP.
falls by about the same percentage as GDP.
falls by a smaller percentage than GDP.
falls but the percentage change is sometimes much larger and sometimes much smaller
2 points
Question 4
The classical model is appropriate for analysis of the economy in the
Answer
long run, since evidence indicates that money is not neutral in the long run.
long run, since real and nominal variables are essentially determined separately in the long run.
short run, provided money is not neutral.
short run, provided real and nominal variables are highly intertwined.
2 points
Question 5
Real and nominal variables are highly intertwined, and changes in the money supply change real GDP. Most economists would agree that this statement accurately describes
Answer
both the short run and the long run.
the short run, but not the long run.
the long run, but not the short run.
neither the long run nor the short run
2 points
Question 6
Aggregate demand includes
Answer
the quantity of goods and services both the government and customers abroad want to buy.
the quantity of goods and services neither the government nor customers abroad want to buy.
the quantity of goods and service the government wants to buy, but not the quantity of goods and services customers abroad want to buy.
the quantity of goods and services customers abroad want to buy, but not the quantity of goods and services the government wants to buy.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.