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Section At multiple choice questions (2.5 points rach) 1) The waterate measures the A) quantity wage rate measures the will buy A) quantity of good and services that an hour of w an hour of work. D) dollar value of what a worker could earn in another job. 2) In years with inflation, sominal CDP increases __ real GDP. A) faster than a) slower than C) at the same rate as D) sometimes fatter, sumetimes slower, and sometimes at the same rate as 3) A movement along the aggregate production function is the result of a change in A) the quantity of labor. B) technology. C)capital. D) interest rates. 4) An advance in technology will A) not shift the production function but will lead to a movement down along the production function. B) shift the production function downward. C) not shift the production function but will lead to a movement up along the production function. D) shift the production function upward. 5) The working-age population can be divided into two groups A) people in the labor force and people looking for work. B) people in the labor force and people with a job. C) people looking for work and those in the armed forces. D) people in the labor force and people who are not in the labor force. 6) During a recession,people drop out of the labor force because they are unable to find a job. All else the same, this A) increases the official U-3 unemployment rate. B) decreases the official U-3 unemployment rate. C) does not change the official U-3 unemployment rate. D) increases the official U-3 unemployment rate and the labor force participation rate. 7) If last year's price level was 100 and this year's price level is 114, over the year the inflation rate has been A) 14 percent. B) 114 percent. C) 12 percent D) 100 percent. 8) Which of the following is FALSE about saving? A) Saving adds to wealth. B) Income left after paying taxes can either be consumed or saved. C) Saving equals wealth minus consumption expenditures. D) Saving is the source of funds used to finance investment. 9) The real interest rate A) can never be negative. B) is approximately equal to the nominal interest rate plus the inflation rate. C) it approximately equal to the nominal interest rate minus the inflation rate. D) is positively related to the inflation rate. 10) Ar the loanable fe __ interest rate increases, the quantity of A) real; increases demanded __ C) nominal; increases D) nominal; decreases 11) The term "crowding out" relates to the decrease in A) consumption expenditure from an increase in investment. B) the real interest rate from a government budget deficit. C) private investment from a government budget deficit. D) saving from an increase in disposable income. 12) According to the Ricardo-Barro effect A) government deficits raise the real interest rate. B) taxpayers fail to foresee that government deficits imply higher future taxes. C) households increase their personal saving when governments run budget deficits. D) government budget deficis increase households' expected future disposable income. 13) The labor force participation rate A) does not change when the real wage rate changes. B) decreases as the real wage rate rises. C) increases as the real wage rate increases. D) has an inverse effect of the supply of labor. 14) People expect an inflation rate of 5 percent and the real interest rate is positive.Consequently the nominal interest rate will be A) more than 5 percent. B) 5 percent. C) less than 5 percent. D) Without more information it is impossible to tell if the nominal interest rate will be more than, less than, or equal to 5 percent. 15) Which of the following is NOT considered to be in the labor force? A) a student who works part-time B) a person who is not working but who has tried to find a jo in the past week C) a person who is waiting to start a new job in the next 30 days D) a person who is not working and who has not tried to fin job 16) In September 2014 the official U-3 unemployment dropped from 6.1 percent to 5.9 percent. This change c have been caused by A) unemployed workers giving up looking for a job. B) part-time workers getting a full-time job. C) full-time workers becoming part-time workers. D) workers who had previously given up looking for a j starting to look again.

Soru

Section At multiple choice questions (2.5 points rach) 1) The waterate measures the A) quantity wage rate measures the will buy A) quantity of good and services that an hour of w an hour of work. D) dollar value of what a worker could earn in another job. 2) In years with inflation, sominal CDP increases __ real GDP. A) faster than a) slower than C) at the same rate as D) sometimes fatter, sumetimes slower, and sometimes at the same rate as 3) A movement along the aggregate production function is the result of a change in A) the quantity of labor. B) technology. C)capital. D) interest rates. 4) An advance in technology will A) not shift the production function but will lead to a movement down along the production function. B) shift the production function downward. C) not shift the production function but will lead to a movement up along the production function. D) shift the production function upward. 5) The working-age population can be divided into two groups A) people in the labor force and people looking for work. B) people in the labor force and people with a job. C) people looking for work and those in the armed forces. D) people in the labor force and people who are not in the labor force. 6) During a recession,people drop out of the labor force because they are unable to find a job. All else the same, this A) increases the official U-3 unemployment rate. B) decreases the official U-3 unemployment rate. C) does not change the official U-3 unemployment rate. D) increases the official U-3 unemployment rate and the labor force participation rate. 7) If last year's price level was 100 and this year's price level is 114, over the year the inflation rate has been A) 14 percent. B) 114 percent. C) 12 percent D) 100 percent. 8) Which of the following is FALSE about saving? A) Saving adds to wealth. B) Income left after paying taxes can either be consumed or saved. C) Saving equals wealth minus consumption expenditures. D) Saving is the source of funds used to finance investment. 9) The real interest rate A) can never be negative. B) is approximately equal to the nominal interest rate plus the inflation rate. C) it approximately equal to the nominal interest rate minus the inflation rate. D) is positively related to the inflation rate. 10) Ar the loanable fe __ interest rate increases, the quantity of A) real; increases demanded __ C) nominal; increases D) nominal; decreases 11) The term "crowding out" relates to the decrease in A) consumption expenditure from an increase in investment. B) the real interest rate from a government budget deficit. C) private investment from a government budget deficit. D) saving from an increase in disposable income. 12) According to the Ricardo-Barro effect A) government deficits raise the real interest rate. B) taxpayers fail to foresee that government deficits imply higher future taxes. C) households increase their personal saving when governments run budget deficits. D) government budget deficis increase households' expected future disposable income. 13) The labor force participation rate A) does not change when the real wage rate changes. B) decreases as the real wage rate rises. C) increases as the real wage rate increases. D) has an inverse effect of the supply of labor. 14) People expect an inflation rate of 5 percent and the real interest rate is positive.Consequently the nominal interest rate will be A) more than 5 percent. B) 5 percent. C) less than 5 percent. D) Without more information it is impossible to tell if the nominal interest rate will be more than, less than, or equal to 5 percent. 15) Which of the following is NOT considered to be in the labor force? A) a student who works part-time B) a person who is not working but who has tried to find a jo in the past week C) a person who is waiting to start a new job in the next 30 days D) a person who is not working and who has not tried to fin job 16) In September 2014 the official U-3 unemployment dropped from 6.1 percent to 5.9 percent. This change c have been caused by A) unemployed workers giving up looking for a job. B) part-time workers getting a full-time job. C) full-time workers becoming part-time workers. D) workers who had previously given up looking for a j starting to look again.

Section At multiple choice questions (2.5 points rach) 1) The waterate measures the A) quantity wage rate measures the will buy A) quantity of good and services that an hour of w an hour of work. D) dollar value of what a worker could earn in another job. 2) In years with inflation, sominal CDP increases __ real GDP. A) faster than a) slower than C) at the same rate as D) sometimes fatter, sumetimes slower, and sometimes at the same rate as 3) A movement along the aggregate production function is the result of a change in A) the quantity of labor. B) technology. C)capital. D) interest rates. 4) An advance in technology will A) not shift the production function but will lead to a movement down along the production function. B) shift the production function downward. C) not shift the production function but will lead to a movement up along the production function. D) shift the production function upward. 5) The working-age population can be divided into two groups A) people in the labor force and people looking for work. B) people in the labor force and people with a job. C) people looking for work and those in the armed forces. D) people in the labor force and people who are not in the labor force. 6) During a recession,people drop out of the labor force because they are unable to find a job. All else the same, this A) increases the official U-3 unemployment rate. B) decreases the official U-3 unemployment rate. C) does not change the official U-3 unemployment rate. D) increases the official U-3 unemployment rate and the labor force participation rate. 7) If last year's price level was 100 and this year's price level is 114, over the year the inflation rate has been A) 14 percent. B) 114 percent. C) 12 percent D) 100 percent. 8) Which of the following is FALSE about saving? A) Saving adds to wealth. B) Income left after paying taxes can either be consumed or saved. C) Saving equals wealth minus consumption expenditures. D) Saving is the source of funds used to finance investment. 9) The real interest rate A) can never be negative. B) is approximately equal to the nominal interest rate plus the inflation rate. C) it approximately equal to the nominal interest rate minus the inflation rate. D) is positively related to the inflation rate. 10) Ar the loanable fe __ interest rate increases, the quantity of A) real; increases demanded __ C) nominal; increases D) nominal; decreases 11) The term "crowding out" relates to the decrease in A) consumption expenditure from an increase in investment. B) the real interest rate from a government budget deficit. C) private investment from a government budget deficit. D) saving from an increase in disposable income. 12) According to the Ricardo-Barro effect A) government deficits raise the real interest rate. B) taxpayers fail to foresee that government deficits imply higher future taxes. C) households increase their personal saving when governments run budget deficits. D) government budget deficis increase households' expected future disposable income. 13) The labor force participation rate A) does not change when the real wage rate changes. B) decreases as the real wage rate rises. C) increases as the real wage rate increases. D) has an inverse effect of the supply of labor. 14) People expect an inflation rate of 5 percent and the real interest rate is positive.Consequently the nominal interest rate will be A) more than 5 percent. B) 5 percent. C) less than 5 percent. D) Without more information it is impossible to tell if the nominal interest rate will be more than, less than, or equal to 5 percent. 15) Which of the following is NOT considered to be in the labor force? A) a student who works part-time B) a person who is not working but who has tried to find a jo in the past week C) a person who is waiting to start a new job in the next 30 days D) a person who is not working and who has not tried to fin job 16) In September 2014 the official U-3 unemployment dropped from 6.1 percent to 5.9 percent. This change c have been caused by A) unemployed workers giving up looking for a job. B) part-time workers getting a full-time job. C) full-time workers becoming part-time workers. D) workers who had previously given up looking for a j starting to look again.

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1) The real wage rate measures the<br />A) quantity of goods and services that an hour of work will buy.<br /><br />2) In years with inflation, nominal GDP increases<br />A) faster than real GDP.<br /><br />3) A movement along the aggregate production function is the result of a change in<br />A) the quantity of labor.<br /><br />4) An advance in technology will<br />D) shift the production function upward.<br /><br />5) The working-age population can be divided into two groups<br />D) people in the labor force and people who are not in the labor force.<br /><br />6) During a recession, people drop out of the labor force because they are unable to find a job. All else the same, this<br />D) increases the official U-3 unemployment rate and the labor force participation rate.<br /><br />7) If last year's price level was 100 and this year's price level is 114, over the year the inflation rate has been<br />A) 14 percent.<br /><br />8) Which of the following is FALSE about saving?<br />C) Saving equals wealth minus consumption expenditures.<br /><br />9) The real interest rate<br />C) is approximately equal to the nominal interest rate minus the inflation rate.<br /><br />10) At the<br />loanable fe<br />__ interest rate increases, the quantity of<br />A) real: increases<br />demanded __<br />C) nominal; increases<br /><br />11) The term "crowding out" relates to the decrease in<br />C) private investment from a government budget deficit.<br /><br />12) According to the Ricardo-Barro effect<br />C) households increase their personal saving when governments run budget deficits.<br /><br />13) The labor force participation rate<br />B) decreases as the real wage rate rises.<br /><br />14) People expect an inflation rate of 5 percent and the real interest rate is positive. Consequently the nominal interest rate will be<br />A) more than 5 percent.<br /><br />15) Which of the following is NOT considered to be in the labor force?<br />D) a person who is not working and who has not tried to find a job<br /><br />16) In September 2014, the official U-3 unemployment dropped from 6.1 percent to 5.9 percent. This change could have been caused by<br />D) workers who had previously given up looking for a job starting to look again.
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