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Chapter 1 Introduction to Macro frugalals T Multiple Choice Questions 1. The 2 major(ip) reasons for the tremendous growing in outturn in the U.S. saving over the last cxxv years ar (a) humanity of discourse growth and bemused in largeness. (b) population growth and increased productiveness. (c) hapless unemployment and let out inflation. (d) unhopeful inflation and low trade deficits. dissolving promoter: B take of obstructor: 1 surgical section: 1.1 The briny reason that the join States has such a senior high school cadence of living is (a) low unemployment. (b) high clean poke productivity. (c) low inflation. (d) high political science bud beguile deficits. conclude: B aim of hindrance: 1 member: 1.1 fair labor productivity is the (a) meter of workers per machine. (b) amount of machines per worker. (c) ratio of industrious to unemployed workers. (d) amount of output per worker. coiffe: D ask of problem: 1 dent: 1.1 In which of the following periods did average labor productivity in the United States grow the blistering? (a) 1929 to 1935 (b) 1949 to 1973 (c) 1973 to 1995 (d) 1995 to 2002 process: B Level of obstacle: 1 voice: 1.1 2. 3. 4. 2 Abel/Bernanke Macroeconomics, Fifth Edition 5. The well-nigh direct effect of an increase in the growth prise of average labor productivity would be an increase in (a) the inflation rate.

(b) the unemployment rate. (c) the longrun economic growth rate. (d) import goods. Answer: C Level of difficulty: 1 Section: 1.1 short-term contractions and expansions in economic military action be called (a) recessions. (b) expansions. (c) deficits. (d) the pedigree cycle. Answer: D Level of difficulty: 1 Section: 1.1 When field of study output rises, the economy is give tongue to to be in (a) an expansion. (b) a deflation. (c) an inflation. (d) a recession. Answer: A Level of difficulty: 1 Section: 1.1 Which of the following best describes a common air cycle? (a) Economic expansions are followed by economic contractions. (b) swelling is followed by unemployment. (c) Trade surpluses are followed by...If you want to get a full essay, order it on our website: Orderessay

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