This Tutorial contains 4 Set of Week 1 Quiz (All Questions Listed Below) ECO 203 Week 2 Quiz 1 1. � Question : � All but which one of the following are possible benefits of economic growth? 2. � Question : � A country is in a recession if 3. � Question : � All but one of the following will shift the aggregate supply curve to the right. 4. � Question : � The labor force is composed of 5. � Question : � When the jobs available in a market don’t fit the skills of those looking for work, the economy is experiencing 6. � Question : � If aggregate demand increases and the aggregate supply curve is upward sloping and unchanged, 7. � Question : � Cyclical unemployment is a function of 8. � Question : � During the expansionary phase of the business cycle, it is likely that real 9. � Question : � The typical aggregate demand curve 10. � Question : � The turning points of the business cycle are called ECO 203 Week 2 Quiz 2 1. � Question : � A very important fact about national income accounting is that 2. � Question : � Who is NOT a loser in inflation? 3. � Question : � Cyclical unemployment is a function of 4. � Question : � A country is in a recession if 5. � Question : � Which of the following is a criticism of the CPI? 6. � Question : � If taxes increase and the AS curve is upward sloping, then 7. � Question : � The presence of discouraged workers may cause 8. � Question : � Which of the following is a result of slow economic growth? 9. � Question : � During the expansionary phase of the business cycle, it is likely that real 10. � Question : � The turning points of the business cycle are called set 2 1. � Question : � All but one of the following factors may contribute to slow growth of productivity in the United States: 2. � Question : � Policies to reduce fluctuations in output and employment are called 3. � Question : � When the jobs available in a market don’t fit the skills of those looking for work, the economy is experiencing 4. � Question : � Which of the following is a result of slow economic growth? 5. � Question : � All but one of the following will shift the aggregate supply curve to the right. 6. � Question : � Cyclical unemployment is a function of 7. � Question : � The turning points of the business cycle are called 8. � Question : � All but which one of the following are possible benefits of economic growth? 9. � Question : � As an economy recovers from a trough in the business cycle, 10. � Question : � Which form of unemployment will probably last for the shortest time for a given worker? ECO 203 week 2 Quiz 3 1. � Question : � GDP is defined as 2. � Question : � The transfer of funds from savers to business investors takes place in the 3. � Question : � The curve that shows quantities of total real output that will be offered for sale at various price levels is called the 4. � Question : � The turning points of the business cycle are called 5. � Question : � Which of the following is a criticism of the CPI? 6. � Question : � Who is most likely to be a winner during inflationary times? 7. � Question : � All but one of the following factors may contribute to slow growth of productivity in the United States: 8. � Question : � Which of the following is a result of slow economic growth? 9. � Question : � If aggregate demand increases and the aggregate supply curve is upward sloping and unchanged, 10. � Question : � During the expansionary phase of the business cycle, it is likely that real ECO 203 Week 2 Quiz 1. � Question : � Who is most likely to be a winner during inflationary times? 2. � Question : � A very important fact about national income accounting is that 3. � Question : � Policies to reduce fluctuations in output and employment are called 4. � Question : � All but which one of the following are possible benefits of economic growth? 5. � Question : � In the circular flow model, how can households use their income? 6. � Question : � The curve that shows quantities of total real output that will be offered for sale at various price levels is called the 7. � Question : � Cyclical unemployment is a function of 8. � Question : � The government component of GDP includes government expenditures on 9. � Question : � An increase in the money supply 10. � Question : � Which of the following is a criticism of the CPI? Week 2 Quiz Set 5 1. � Question : � The term “recession”� refers to a 2. � Question : � Who is NOT a loser in inflation? 3. � Question : � The transfer of funds from savers to business investors takes place in the 4. � Question : � If taxes increase and the AS curve is upward sloping, then 5. � Question : � The turning points of the business cycle are called 6. � Question : � As an economy recovers from a trough in the business cycle, 7. � Question : � Short-term unemployment while searching for a new job is called 8. � Question : � Economists use the phrase “business cycle” when discussing 9. � Question : � In the circular flow model, how can households use their income? 10. � Question : � The curve that shows quantities of total real output that will be offered for sale at various price levels
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