1、Name: Class: Date: Chapter14-AggregateDemandandAggregateSupply1. Whichofthefollowingexplainswhyproductionrisesinmostyears? a. increasesinpricesofgoodsandservices b. increasesinstockprices c. agingpopulation d. technologicalinnovationANSWER: d2. Onaverage,overthepast130years,ataboutwhatr
2、atehastheCanadianeconomygrown? a. 1percentperyear b. 2percentperyear c. 4percentperyear d. 8percentperyearANSWER: b3. Whichtermreferstoashortperiodoffallingincomesandrisingunemployment? a. depression b. recession c. expansion d. businesscycleANSWER: b4. Whichofthefollowinghappensduringre
3、cessions? a. Firmsproducelessbutinvestmore. b. Firmshavetoincreaseproductionbecauseoffallingprices. c. Incomesincreasebecauseworkershavetoworkovertime. d. Unemploymentratesincrease.ANSWER: d5. Whatdoestheeconomyexperienceduringarecession? a. risingemploymentandincome b. risingemploymentan
4、dfallingincome c. risingincomeandfallingemployment d. fallingemploymentandincomeANSWER: d6. Whichofthefollowingbestdefinesbusinesscycles? a. long-termtrendsineconomicactivity b. regular,predictablefluctuationsinGDP c. theriseandfallofmultinationalcompanies d. fluctuationsintheeconomyANSWE
5、R: d7. Whichstatementcharacterizesbusinesscycles? a. Theyarepredictablefluctuationsinconsumption.CopyrightCengageLearning.PoweredbyCognero.Page 47Name: Class: Date: Chapter14-AggregateDemandandAggregateSupply b. Theyarenolongerveryimportantduetogovernmentpolicy. c. Theyarefluctuationsin
6、realGDPandrelatedvariablesovertime. d. Theyareeasilypredictedbycompetenteconomists.ANSWER: c8. Whathappenstosalesandprofitduringrecessions? a. salesandprofitsfall b. salesandprofitsrise c. salesriseandprofitsfall d. profitsfallandsalesriseANSWER: a9. Whichexpenditureitemisresponsiblefort
7、hedecreaseinrealGDPduringarecession? a. mostlyinvestmentspending b. mostlyconsumptionspending c. mostlygovernmentspending d. mostlyexportsANSWER: a10. Whattypicallyrisesduringarecession? a. thepricelevel b. unemployment c. corporateprofits d. automobilesalesA
