ECO 203 Week 2 Quiz | Assignment Help | Ashford University
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- 04 Mar 2020
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ECO 203 Week 2 Quiz | Assignment Help | Ashford University
Question 1
Dr. Silkowski, a macroeconomist who works for the
government, studies policies that reduce fluctuations in output and employment.
What type of policies does Dr. Silkowski study?
o
Production
o
Stabilization
o
Intergovernmental
o
Equilibrium
Question 2
An aggregate demand (AD) curve—which can be linear
or curved—slopes __________.
o
Up from left to right
o
Up from right to left
o
Down from right to left
o
Down from left to right
Question 3
__________ believe that any deviations from full
employment and capacity output will be corrected if only people are patient and
willing to wait for natural market forces to operate.
o
Supply siders
o
Monetarists
o
Classical economists
o
Keynesians
Question 4
David is an economist who specializes in analyzing
the consumer price index (CPI). He can use the CPI to do all but which of the
following?
o
Compare incomes over time
o
Adjust Social Security benefits for
inflation
o
Determine the value of housing as an
investment
o
Compare the cost of living in different
cities
When the jobs available in a market don’t fit the
skills of those looking for work, the economy is experiencing __________
unemployment.
o
Frictional
o
Voluntary
o
Structural
o
Cyclical
Question 6
This year Chicago’s citizens have bought more goods
and services than last year, which illustrates that Chicago’s economy has
experienced an increase __________.
o
In real total output
o
In real per capita output
o
In non-price-adjusted output
o
That brings it to equilibrium
Business cycle theorists, who were 19th-century
economists, were chiefly concerned with __________.
o
Conditions of overemployment
o
Recurring high unemployment
o
Fluctuations in the money supply
o
The changing levels of stock prices
Question 8
Which of the following constitutes the largest
component of national income?
o
Proprietors’ profits
o
Corporation profits
o
Rental income of persons
o
Wages and supplements
Question 9
Liz is giving a speech on the factors that contribute
to the United States’ slow productivity growth in the past few decades. She
will likely list all of the following factors EXCEPT __________.
o
Low levels of capital funding
o
A high percentage of inexperienced
workers in the labor force
o
Lack of investment in research and
development of better technology
o
High savings rates
Question 10
The __________ is based on all the goods and
services produced in the economy, which make it a current-weights index.
o
Producer price index
o
Consumer price index
o
GDP deflator
o
Gross domestic product
USA 
India