ECO 302 Week 2 Quiz Strayer\t“\ufffd \ufffd\u00a0 Question \u00a01\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 When GDP is expanding toward a high point it is called a[n]:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd\u00a0 Question \u00a02\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 A trough in an economy is when the economy:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd\u00a0 Question \u00a03\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 When real GDP falls toward a low point or trough it is called a[n]:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd\u00a0 Question \u00a04\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 In a macroeconomic model, the term disequilibrium refers to\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd\u00a0 Question \u00a05\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 When a country follows a gold standard,\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd\u00a0 Question \u00a06\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 In a macroeconomic model with perfect competition,\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd\u00a0 Question \u00a07\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 The dollar price paid to use capital is known as:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd\u00a0 Question \u00a08\t0 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 An economic recession ends when\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd\u00a0 Question \u00a09\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 A price taker:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd\u00a0 Question \u00a010\t0 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 In a macroeconomic model, the term disequilibrium refers to\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd\u00a0 Question \u00a011\t5 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\tMacroeconomics deals with:\tAnswer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd \ufffd\t“\ufffd \ufffd\u00a0 Question \u00a012\t0 out of 5 points\t \ufffd \ufffd \ufffd \u00a0\t\u00a0\u00a0 An economic expansion ends when the economy\tAnswer<\/p>\n","protected":false},"excerpt":{"rendered":"
ECO 302 Week 2 Quiz Strayer “\ufffd \ufffd\u00a0 Question \u00a01 5 out of 5 points \ufffd \ufffd \ufffd \u00a0 \u00a0\u00a0 When GDP is expanding toward a high point it is called a[n]: Answer \ufffd \ufffd \ufffd \ufffd \ufffd\u00a0\u00a0\u00a0\u00a0 \ufffd \ufffd Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-210624","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=210624"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210624\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=210624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=210624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=210624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}