Sec 33.1 MC Three Key Facts about Economic Fluctuations
Sec 33.1 MC Three Key Facts about Economic Fluctuations
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1、1. Whichofthefollowingiscorrect? a. Shortrunfluctuationsineconomicactivityhappenonlyindevelopingcountries. b. Duringeconomiccontractionsmostfirmsexperiencerisingprofits. c. Recessionscomeatirregularintervalsandareeasytopredict. d. WhenrealGDPfalls,therateofunemploymentgenerallyrises.
3、ythateconomicfluctuationsare“irregularandunpredictable,”wemeanthat a. therelationshipbetweenoutputandunemploymentiserraticanddifficulttocharacterize. b. whenonemacroeconomicvariablethatmeasuresincomeorspendingisfalling,othermacroeconomicvariablesthatmeasureincomeorspendingarelikelyto
4、berising. c. recessionsdonotoccuratregularintervals. d. Alloftheabovearecorrect.ANSWER: cPOINTS: 1DIFFICULTY: ModerateREFERENCES: ThreeKeyFactsaboutEconomicFluctuationsLEARNING OBJECTIVES: ECON.MANK.166-GivenagraphofhistoricalGDP,interprettheshort-termandlong-termtrends.TOPICS:
5、 BusinesscyclesKEYWORDS: BLOOM'S:ComprehensionCUSTOM ID: 002.33.1-MC-MANK083. Whichofthefollowingiscorrect? a. Economicfluctuationsareeasilypredictedbycompetenteconomists. b. Recessionshaveneveroccurredveryclosetogether. c. Spending,income,andproductiondonotfluctuatecloselywithreal
6、GDP. d. Noneoftheaboveiscorrect.ANSWER: dPOINTS: 1DIFFICULTY: EasyREFERENCES: ThreeKeyFactsaboutEconomicFluctuationsLEARNING OBJECTIVES: ECON.MANK.080-Determinetheshort-runandlong-runeffectsofamacroeconomiceventusingtheaggregatedemandandaggregatesupplymodel.TOPICS: Businesscycl
7、esKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 003.33.1-MC-MANK08CopyrightCengageLearning.PoweredbyCognero.Page 134. Whichofthefollowingiscorrect? a. RealGDPisthevariablemostcommonlyusedtomeasureshort-runeconomicfluctuations.Thesefluctuationscanbepredictedwithamuchaccuracy. b. RealGDPisth