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1) the difference between real and nominal income or GDP arises beacuse of the existance of_________a)the difference between report and actual corporate profitsb)differnce in values od currenciesc)people thar dont report all their earningsd)price changes2)Increase in the rate of growth in the money supply have been shown to most likley result in:a)higher unemploymentb)higher rates of inflationc)higher rates of economic growthd)smaller governmnet budget deficits3)The US federal debt has grown whenevera)the federal budget shows a deficitb)the federal government borrowsc)the federal gov. issues Treasury secuiritiesd)allof the above4)Which best defines recession?a)rising unemploymentb)rising pricesc)falling outputd)falling stock prices5)The money supply is controlled by:a)the presidentb)congressc)the federal reservsd) all of the above6) a decrease in the value of the dollar will caise all of the following except:a)rise in importsb)rise in exportsc)an increase in inflation rated)a reduction in the trade deficit7)Fiscal policy has been most sucessful whena)taces were raised during recessionb)government spending was increased with the economy at full employmentc)the government purposely increased the size of the deficit during a recessiond)when efforts were made to eliminate a budget deficit during a recession8)The high rates of inflation in the 1070s and early 1980s have been shown to be primarly due to_______a)rapid money supple growthb)high oil pricesc)the veitnam ward)unions and big business9)If the federal reserves increase the money supply at approximatly the growth rate of output then,____a)it has over-stimulated the economyb)the unemployment rate should risec)the inflation rate should be near zerod)the unemployment rate should approach zero10)Which of the following deos not increase aggregate demand?a)rising unemploymentb)rising pricesc)falling outputd)falling stock prices
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25-04-08
