Which of the following macroeconomic variables is procyclical and coincident with the business cycle? Income tax determines how households expenditure changes. MULTIPLE CHOICE. Macroeconomic questions are those that affect the entire economy of a country and not just a part of it. A) The U.S. inflation rate was two percent in 2016. B) The A. asked Jul 4, 2016 in Economics by RogerRabbit. D) Jenny's wage rate rose and, in response, she decided to work more hours. Unemployment was 6.8 percent of the labor force last year. Macroeconomics is a branch of the economics field that studies how the aggregate economy behaves. b. a. D. The U.S. inflation rate was two percent in 2012. The price of beef declined by 3 percent last year. Deflation can worsen a recession by giving people an incentive to hold cash rather than to make productive investments. Which of the following is a positive macroeconomic statement: a)The price of steel declined by 3% last year. Which of the following is NOT a macroeconomic statement - 00246077 Tutorials for Question of Economics and General Economics D. d. Whether government can implement a policy that will eliminate unemployment. Question 34 2 points Save Answer Which one of the following statements is false? Dies geschieht in Ihren Datenschutzeinstellungen. a. The excise tax rate on tobacco products c. A government subsidy on white bread d. The primary budget balance e. All of the above options are correct. A. D) Jenny's wage rate rose and, in response, she decided to work more hours. Which one of the following statements is FALSE? Identify the macroeconomic issue among the following statements. C. Macroeconomics is not concerned with the choices of individual consumers. 1)An incentive A)is the opposite of a tradeoff. The average cost of producing electricity nationally is rising. D. The productivity of steelworkers increased by 1 percent last year. Therefore, it does not deal in individual variables like X and Co , it is micro approach because micro deals with individual part of the society. Skill: Conceptual AACSB: Reflective Thinking 12) Which of the following statements is correct? Aggregate worker productivity decreased by 3 percent in 2012. Governments always regard control of inflation as the most important policy objectiveB . Choose the one alternative that best completes the statement or answers the question. Thanks to everybody for their help:) The government should reduce the tax burden to help small business. Which of the following statements is not correct? 2012. The pursuitContinue reading Total spending in the economy consists of consumption spending by households plus investment spending by firms plus government spending plus net spending by the … 3. The bank rate b. In short run macroeconomic equilibrium, actual GDP is above potential GDP. B. c)The productivity of hospitality workers increased by 1% in 2016. A 50-cent-per-pack tax on cigarettes will reduce smoking by teenagers by 12 percent. a. B) The price of cell phones decreased by 18 percent last year. C) Gross domestic product in Peru increased 4 percent from 2011 to 2012. Which of the following is not a macroeconomic statement? A) The United States produces more goods than services. C. The price of cell phones decreased by 18 percent last year. Whether Microsoft is a monopoly or not. B. Aggregate worker productively decreased by 3 percent in Which of the following is not a macroeconomic statement? The price of beef declined by 3 percent last year. CHAPTER 1 - The Measurement of Macroeconomic Performance TUTORIAL 1 Section A: Multiple Choice Questions 1. Which of the following is a microeconomic concern? C)could be either a reward or a penalty. B. 1) 2)The most fundamental economic problem is A)security. View desktop site. of the following is NOT a macroeconomic statement? Which of the following statements does not apply to a market economy? Why plumbers earn more than janitors B. Start studying Macroeconomics Exam 2 Multiple Choice. a. aus oder wählen Sie 'Einstellungen verwalten', um weitere Informationen zu erhalten und eine Auswahl zu treffen. The price of cell phones decreased by 18 percent last year. Malthus argued that charity and government aid was an effective way to reduce poverty. U.S. inflation rate was two percent in 2012. A. D)could be a penalty but could not be a reward. Gross domestic product in Peru increased 4 percent from 2011 to A. Macroeconomics is not concerned with scarcity. C) Gross domestic product in Peru increased 4 percent from 2015 to 2016. 2. Which of the following is NOT a macroeconomic statement? D. The productivity of steelworkers increased by 1 percent last year. C) The gross profits of all U.S. businesses were $182 billion last year. C) Congress increased the minimum wage rate in January. The unemployment rate for the United States rose to 5 percent in the last quarter. Which Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. Which of the following is a macroeconomic instrument of fiscal policy? C. General Motors' profits increased last year. A. A) The U.S. inflation rate was two percent in 2012. 2012. However, if money inflation is 5% then the change in real GDP is somewhat less than that. A.issues relating to the balance of payment B.the determination of prices in the agricultural sector C.the relationship between in inflation and unemployement D.the possible effect of budget deficit increases on level of investment D. The U. The reasons for the rise in average prices C. Whether the army should buy more tanks or more rockets B. A. Don't agree, because there is a lot more to the study of macroeconomics than the sum of its individual microeconomic parts. O A. B. Answer A) The unemployment rate for the United States rose to 5 percent in the last quarter. Workshop 2 solution Math137-W16-Final-Exam-Review Multiple Choice Questions Chapter 8 Household Behaviour Multiple Choice Questions Chapter 10 Output and Costs Multiple Choice Questions Chapter 12 Monopoly MEST10711 MENA Revision Notes Sie können Ihre Einstellungen jederzeit ändern. Public Economics 3D The public sector and the economy Tutorial worksheet 11 1. b. b. Which of the following statements does not apply to a market economy? Input prices determine how … The government should reduce the tax burden to help small business. D. Which Of The Following Is NOT A Macroeconomic Statement? Which of the following is a macroeconomic topic? The Federal Reserve lowered interest rates at its last meeting. D) B) The Federal Reserve lowered interest rates at their last meeting. Aggregate worker productivity decreased by 3 percent in 2012. You are to examine these two statements carefully and select the answers to these items using the code given below : Code : Statement I : India supports the development and use of the Chabahar Port in Iran. Multiple Choice. Which of the following is a true statement about self-interest as used in the study of economics? Daten über Ihr Gerät und Ihre Internetverbindung, darunter Ihre IP-Adresse, Such- und Browsingaktivität bei Ihrer Nutzung der Websites und Apps von Verizon Media. The price of cell phones decreased by 18 percent last year. Which of the following is not a macroeconomic question? Households decide which firms to work for and what to buy with their incomes. Industrial production b. c) Global production per capita increased between 1960 and 2006. d) Economic development is normally accompanied by increasing labor productivity. D. Damit Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte 'Ich stimme zu.' A macroeconomic policy does not only take into consideration finance but also social development. Which of the following is a macroeconomic statement? Which of the following statements is correct with respect to economic incentives to release financial information? A country's standard of living and its … The gross profits of all U.S. businesses were $182 billion last year. C) The percentage of people producing goods in the United States has steadily increased over the last 60 years. Which one of the following statements is correct? D. The productivity of steelworkers increased by 1 percent last year. c. The productivity of hospitality workers increased by 1% in 2016. d. The gross profit of … A. The federal government should spend more on AIDS research. The gross profits of all U.S. businesses were $182 billion last year. The real domestic output increased by 2.5 percent last year. B. B. B) The Federal Reserve lowered interest rates at their last meeting. a. Indicate which of the following statements represent positive analysis (analysis concerned with what is) and which represent normative analysis (analysis concerned with what ought to be). D) Aggregate worker productively decreased by … The most efficient outcome is the one with the greatest economic surplus. Aggregate worker productivity decreased by 3 percent in 2012. Macro economics deals in the study of a nation's aggregate demand, aggregate supply, national income, employment, inflation etc. B) The United States produces more services than goods. 1. People may appear to use rules of thumb, as suggested by the assumption of bounded rationality, even though they may really be behaving in a manner suggested by the rationality assumption if b)The government should reduce the tax burden to help small business. The gross profits of all U.S. businesses were $182 billion last year. According to the World Commission on Environment and Development, sustainable development encompasses the assurance that changes “meets the needs of the present without compromising the ability of future generations to meet their own needs” (Brundtland (1987, p.8). In long run macroeconomic equilibrium, actual GDP is above potential GDP. Which of the following is NOT a macroeconomic statement? Which of the following is a macroeconomic statement? Expanding demand to reduce unemployment may mean that the balance of payments worsensD . Which of the following is a positive macroeconomic statement: a. Do you or do you not agree with this statement? B)could be a reward but could not be a penalty. The price of steel declined by 3% last year. b. … Which of the following is NOT a macroeconomic statement? D. The general price level increased by 4 percent last year. A. price of cell phones decreased by 18 percent last year. B. Macro economics deals in the study of economics as a whole. Learn vocabulary, terms, and more with flashcards, games, and other study tools. C. Gross domestic product in Peru increased 4 percent from 2011 to 2012. C) Congress increased the minimum wage rate in January. A. B) The price of cell phones decreased by 18 percent last year. b. A. The price of cell phones decreased by 18 percent last year. & b. B. Aggregate worker productivity decreased by three percent in 2016. Which of the following is a macroeconomic statement? The U.S. inflation rate was two percent in 2016. C. Efficient outcomes will not make everyone happy. Which of the following is not a macroeconomic statement? Which of the following is NOT a macroeconomic statement? a) The macroeconomic goal of sustainability concerns limiting the negative consequences of the business cycle. A) The U.S. inflation rate was two percent in 2012. Conflicts between objectives mean that macroeconomic policy can never be regarded as successfulC . Which of the following statements is FALSE regarding economic efficiency? The price of steel declined by 3% last year. Which one of the following statements is NOT true about the general dividend valuation model? The gross profits of all U.S. businesses were $182 billion last year. B. Which of the following is not a characteristic of the free market system? B. D) Aggregate worker productively decreased by … D. Gross domestic product in Peru increased 4 percent from 2015 to 2016. Question: Which of the following is a positive macroeconomic statement: a. A. Which of the following statements about macroeconomic policy objectives is correct?A . If all the households and businesses in the economy start saving more during economic hard times, that results in a fall in aggregate income hurting everyone in the economy. Any action can be based on self-interest if the person has some reason for the action. © 2003-2021 Chegg Inc. All rights reserved. C. Gross domestic product in Peru increased 4 percent from 2011 to 2012. Statement II : India does not subscribe to Western sanction on energy trade with Iran. c. The effect that a new "police action" such as in Afganistan will have on national income. a. C) Gross domestic product in Peru increased 4 percent from 2011 to 2012. Which of the following statements is true? Dazu gehört der Widerspruch gegen die Verarbeitung Ihrer Daten durch Partner für deren berechtigte Interessen. a. C. Gross domestic product in Peru increased 4 percent from 2011 to 2012. B. A. The price of beef declined by 3 percent last year. A. b) Living standards growth may be achievable even in the absence of economic growth. a. Firms decide whom to hire and what to produce. Firms decide whom to hire and what to produce.

Key macroeconomic variables include interest rates, which are a reflection of the risk of borrowing (not unlike the emotional price you might pay when borrowing cash from a family member). A. C. General Motors' profits increased last year. a. Efficient outcomes have the possibility of making everyone better off. b. Should the president create a public works program to reduce unemployment? Whether a new governmental policy is inflationary or not. Which of the following is not a macroeconomic statement? C. The price of personal computers declined last year. | Which of the following is NOT a macroeconomic statement? Which of the following is NOT a macroeconomic statement? C. In long run macroeconomic equilibrium, actual GDP is equal to potential GDP. Für nähere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklärung und Cookie-Richtlinie. government ownership of the major industries. B) The price of cell phones decreased by 18 percent last year. 10. 19. Which of the following is a macroeconomic statement? Directions : statement I and statement II. Price stability is not a desirable goal in a market economy, because prices need to be flexible to reflect changes in supply and demand. Answer A) The unemployment rate for the United States rose to 5 percent in the last quarter. C. General Motors' profits increased last year. Yahoo ist Teil von Verizon Media. Which of the following statements about macroeconomic equilibrium is the most accurate? Owners and managers do not have an economic incentive to supply the amount and type of financial information because it has no effect on the company’s ability to raise capital at the lowest cost. B. Macroeconomics is not concerned with limited means. b. A) The Economic growth in South Africa. 18. Which of the following is a positive macroeconomic statement: a)The price of steel declined by 3% last year. b)The government should reduce the tax burden to help small business. A. No one is looking out for the economic well-being of society as a whole. Privacy Gross Domestic Product (GDP) is the total market value of all. Terms A true statement about self-interest as used in the study of economics economics 3D the public sector and the Tutorial... Macroeconomic variables is procyclical and coincident with the choices of individual consumers help small business a branch of the is! The average cost of producing electricity nationally is rising and what to buy with their incomes society a..., employment, inflation etc a characteristic of the following is not a characteristic the... Best completes the statement or answers the question eliminate unemployment of Macroeconomics than the sum of its microeconomic. The statement or answers the question U.S. inflation rate was two percent 2012. Lowered interest rates at their last meeting best completes the statement or the! The person has some reason for the economic well-being of society as a whole 6.8 percent the! 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