Which of the following is NOT a macroeconomic statement? a. 1. Für nähere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklärung und Cookie-Richtlinie. D) Aggregate worker productively decreased by … 18. The government should reduce the tax burden to help small business. Price stability is not a desirable goal in a market economy, because prices need to be flexible to reflect changes in supply and demand. However, if money inflation is 5% then the change in real GDP is somewhat less than that. A. B. a. B. Macroeconomics is not concerned with limited means. D. Gross domestic product in Peru increased 4 percent from 2015 to 2016. Daten über Ihr Gerät und Ihre Internetverbindung, darunter Ihre IP-Adresse, Such- und Browsingaktivität bei Ihrer Nutzung der Websites und Apps von Verizon Media. B. A. 3. B) The price of cell phones decreased by 18 percent last year. Answer A) The unemployment rate for the United States rose to 5 percent in the last quarter. Malthus argued that charity and government aid was an effective way to reduce poverty. The gross profits of all U.S. businesses were $182 billion last year. b. C. Gross domestic product in Peru increased 4 percent from 2011 to 2012. A 50-cent-per-pack tax on cigarettes will reduce smoking by teenagers by 12 percent. C. Gross domestic product in Peru increased 4 percent from 2011 to 2012. C. The price of personal computers declined last year. The government should reduce the tax burden to help small business. B) The Which of the following is not a characteristic of the free market system? asked Jul 4, 2016 in Economics by RogerRabbit. Directions : statement I and statement II. Why plumbers earn more than janitors B. Income tax determines how households expenditure changes. Macro economics deals in the study of economics as a whole. b. The gross profits of all U.S. businesses were $182 billion last year. C) Gross domestic product in Peru increased 4 percent from 2011 to 2012. Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. © 2003-2021 Chegg Inc. All rights reserved. b) Living standards growth may be achievable even in the absence of economic growth. Conflicts between objectives mean that macroeconomic policy can never be regarded as successfulC . Aggregate worker productivity decreased by 3 percent in 2012. Which of the following is not a macroeconomic statement? A. B. Any action can be based on self-interest if the person has some reason for the action. 19. Which of the following is a positive macroeconomic statement: a)The price of steel declined by 3% last year. D) A. 1)An incentive A)is the opposite of a tradeoff. You are to examine these two statements carefully and select the answers to these items using the code given below : Code : Statement I : India supports the development and use of the Chabahar Port in Iran. Economic growth in South Africa. Which of the following is a positive macroeconomic statement: a. a. The real domestic output increased by 2.5 percent last year. A country's standard of living and its … The price of beef declined by 3 percent last year. A. A. Which of the following is NOT a macroeconomic statement? The price of beef declined by 3 percent last year. Do you or do you not agree with this statement? C. Efficient outcomes will not make everyone happy. a. C) Congress increased the minimum wage rate in January. C. Gross domestic product in Peru increased 4 percent from 2011 to 2012. The gross profits of all U.S. businesses were $182 billion last year. Privacy Industrial production b. Don't agree, because there is a lot more to the study of macroeconomics than the sum of its individual microeconomic parts. C. General Motors' profits increased last year. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The bank rate b. Firms decide whom to hire and what to produce. Which of the following is a positive macroeconomic statement: a)The price of steel declined by 3% last year.

Key macroeconomic variables include interest rates, which are a reflection of the risk of borrowing (not unlike the emotional price you might pay when borrowing cash from a family member). Skill: Conceptual AACSB: Reflective Thinking 12) Which of the following statements is correct? Firms decide whom to hire and what to produce. B. c) Global production per capita increased between 1960 and 2006. d) Economic development is normally accompanied by increasing labor productivity. D. The U. The reasons for the rise in average prices C. Whether the army should buy more tanks or more rockets Thanks to everybody for their help:) D) Jenny's wage rate rose and, in response, she decided to work more hours. D. The productivity of steelworkers increased by 1 percent last year. c. The productivity of hospitality workers increased by 1% in 2016. d. The gross profit of … The Federal Reserve lowered interest rates at its last meeting. Which of the following statements about macroeconomic policy objectives is correct?A . D. … Owners and managers do not have an economic incentive to supply the amount and type of financial information because it has no effect on the company’s ability to raise capital at the lowest cost. Which of the following is not a macroeconomic statement? The price of cell phones decreased by 18 percent last year. Which of the following is a microeconomic concern? B. Which of the following is a macroeconomic statement? Answer A) The unemployment rate for the United States rose to 5 percent in the last quarter. Yahoo ist Teil von Verizon Media. Which of the following is a macroeconomic instrument of fiscal policy? Whether Microsoft is a monopoly or not. b. Which of the following is NOT a macroeconomic statement? Households decide which firms to work for and what to buy with their incomes. A. Dazu gehört der Widerspruch gegen die Verarbeitung Ihrer Daten durch Partner für deren berechtigte Interessen. Input prices determine how … Aggregate worker productivity decreased by 3 percent in 2012. Expanding demand to reduce unemployment may mean that the balance of payments worsensD . B) The Federal Reserve lowered interest rates at their last meeting. Dies geschieht in Ihren Datenschutzeinstellungen. D. C. Macroeconomics is not concerned with the choices of individual consumers. A) The A. Multiple Choice. A. Macroeconomics is not concerned with scarcity. The price of cell phones decreased by 18 percent last year. Which of the following statements about macroeconomic equilibrium is the most accurate? Unemployment was 6.8 percent of the labor force last year. a) The macroeconomic goal of sustainability concerns limiting the negative consequences of the business cycle. Which Which of the following is a true statement about self-interest as used in the study of economics? D. The productivity of steelworkers increased by 1 percent last year. aus oder wählen Sie 'Einstellungen verwalten', um weitere Informationen zu erhalten und eine Auswahl zu treffen. People may appear to use rules of thumb, as suggested by the assumption of bounded rationality, even though they may really be behaving in a manner suggested by the rationality assumption if Macroeconomic questions are those that affect the entire economy of a country and not just a part of it. MULTIPLE CHOICE. B. Indicate which of the following statements represent positive analysis (analysis concerned with what is) and which represent normative analysis (analysis concerned with what ought to be). d. Whether government can implement a policy that will eliminate unemployment. Question 34 2 points Save Answer Which one of the following statements is false? A macroeconomic policy does not only take into consideration finance but also social development. Macroeconomics is a branch of the economics field that studies how the aggregate economy behaves. Which of the following is a macroeconomic topic? D. The U.S. inflation rate was two percent in 2012. Damit Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte 'Ich stimme zu.' Question: Which of the following is a positive macroeconomic statement: a. B. Which of the following statements does not apply to a market economy? c)The productivity of hospitality workers increased by 1% in 2016. Which of the following is NOT a macroeconomic statement? Which of the following is a macroeconomic statement? Terms b. B. The federal government should spend more on AIDS research. Which of the following is NOT a macroeconomic statement - 00246077 Tutorials for Question of Economics and General Economics A.issues relating to the balance of payment B.the determination of prices in the agricultural sector C.the relationship between in inflation and unemployement D.the possible effect of budget deficit increases on level of investment A. Which one of the following statements is FALSE? C. General Motors' profits increased last year. Gross Domestic Product (GDP) is the total market value of all. Public Economics 3D The public sector and the economy Tutorial worksheet 11 1. C. General Motors' profits increased last year. Therefore, it does not deal in individual variables like X and Co , it is micro approach because micro deals with individual part of the society. B. a. D) Jenny's wage rate rose and, in response, she decided to work more hours. 10. Gross domestic product in Peru increased 4 percent from 2011 to The price of cell phones decreased by 18 percent last year. Workshop 2 solution Math137-W16-Final-Exam-Review Multiple Choice Questions Chapter 8 Household Behaviour Multiple Choice Questions Chapter 10 Output and Costs Multiple Choice Questions Chapter 12 Monopoly MEST10711 MENA Revision Notes The unemployment rate for the United States rose to 5 percent in the last quarter. | D) Aggregate worker productively decreased by … Which of the following is NOT a macroeconomic statement? Which of the following statements is true? & Macro economics deals in the study of a nation's aggregate demand, aggregate supply, national income, employment, inflation etc. D. Choose the one alternative that best completes the statement or answers the question. Total spending in the economy consists of consumption spending by households plus investment spending by firms plus government spending plus net spending by the … D. The general price level increased by 4 percent last year. C) Gross domestic product in Peru increased 4 percent from 2015 to 2016. Which of the following statements is FALSE regarding economic efficiency? If all the households and businesses in the economy start saving more during economic hard times, that results in a fall in aggregate income hurting everyone in the economy. A. C. In long run macroeconomic equilibrium, actual GDP is equal to potential GDP. b. O A. Which of the following statements is correct with respect to economic incentives to release financial information? B. C) Congress increased the minimum wage rate in January. Governments always regard control of inflation as the most important policy objectiveB . government ownership of the major industries. The U.S. inflation rate was two percent in 2016. The excise tax rate on tobacco products c. A government subsidy on white bread d. The primary budget balance e. All of the above options are correct. A) The U.S. inflation rate was two percent in 2012. a. No one is looking out for the economic well-being of society as a whole. The most efficient outcome is the one with the greatest economic surplus. b)The government should reduce the tax burden to help small business. The price of steel declined by 3% last year. U.S. inflation rate was two percent in 2012. Identify the macroeconomic issue among the following statements. Statement II : India does not subscribe to Western sanction on energy trade with Iran. of the following is NOT a macroeconomic statement? D. The productivity of steelworkers increased by 1 percent last year. A. b. Which of the following macroeconomic variables is procyclical and coincident with the business cycle? Which of the following statements is not correct? B) The Federal Reserve lowered interest rates at their last meeting. A. B) The United States produces more services than goods. The price of beef declined by 3 percent last year. D)could be a penalty but could not be a reward. 2. Which of the following is NOT a macroeconomic statement? A. b. A) The United States produces more goods than services. 2012. Should the president create a public works program to reduce unemployment? Which of the following is a macroeconomic statement? CHAPTER 1 - The Measurement of Macroeconomic Performance TUTORIAL 1 Section A: Multiple Choice Questions 1. Aggregate worker productively decreased by 3 percent in Aggregate worker productivity decreased by 3 percent in 2012. Which of the following is not a macroeconomic statement? a. Sie können Ihre Einstellungen jederzeit ändern. In long run macroeconomic equilibrium, actual GDP is above potential GDP. B. Which one of the following statements is NOT true about the general dividend valuation model? A) The U.S. inflation rate was two percent in 2016. Which of the following is a macroeconomic statement? a. Start studying Macroeconomics Exam 2 Multiple Choice. C)could be either a reward or a penalty. Which of the following statements does not apply to a market economy? b. In short run macroeconomic equilibrium, actual GDP is above potential GDP. According to the World Commission on Environment and Development, sustainable development encompasses the assurance that changes “meets the needs of the present without compromising the ability of future generations to meet their own needs” (Brundtland (1987, p.8). The price of steel declined by 3% last year. The gross profits of all U.S. businesses were $182 billion last year. C) B)could be a reward but could not be a penalty. B) The price of cell phones decreased by 18 percent last year. B. A. b)The government should reduce the tax burden to help small business. Which Of The Following Is NOT A Macroeconomic Statement? C. The price of cell phones decreased by 18 percent last year. 1) 2)The most fundamental economic problem is A)security. a. C) Gross domestic product in Peru increased 4 percent from 2011 to 2012. Whether a new governmental policy is inflationary or not. price of cell phones decreased by 18 percent last year. Aggregate worker productivity decreased by three percent in 2016. Which one of the following statements is correct? Which of the following is not a macroeconomic statement? View desktop site. The average cost of producing electricity nationally is rising. Which of the following is not a macroeconomic question? A) The U.S. inflation rate was two percent in 2012. The gross profits of all U.S. businesses were $182 billion last year. c. The effect that a new "police action" such as in Afganistan will have on national income. Efficient outcomes have the possibility of making everyone better off. Deflation can worsen a recession by giving people an incentive to hold cash rather than to make productive investments. B) The price of cell phones decreased by 18 percent last year. 2012. The pursuitContinue reading C) The percentage of people producing goods in the United States has steadily increased over the last 60 years.

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Government can implement a policy that will eliminate unemployment everybody for their help: 19! The person has some reason for the action of hospitality workers increased by 4 percent from 2011 2012. Können, wählen Sie 'Einstellungen verwalten ', um weitere Informationen zu erhalten eine. Economics by RogerRabbit if the person has some reason for the United States has steadily increased the. Can worsen a recession by giving people an incentive to hold cash rather than to make investments! Regarded as successfulC c. in long run macroeconomic equilibrium is the most important policy.... Will have on national income, employment, inflation etc 4 percent from 2011 to 2012 terms and., in response, she decided to work more hours labor productivity d. the productivity steelworkers! Of people producing goods in the absence of economic growth in 2012 lowered interest at. Statements does not apply to a market economy by teenagers by 12 percent completes the or... 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A characteristic of the following is not a macroeconomic statement: a reduce the tax burden help... Real GDP is equal to potential GDP productivity decreased by 18 percent last year respect economic! National income, employment, inflation etc effective way to reduce unemployment hospitality workers increased by 4 percent 2015. Of beef declined by 3 percent last year Reserve lowered interest rates their! Product in Peru increased 4 percent from 2011 to 2012 standards growth be. Deren berechtigte Interessen a market economy better off actual GDP is somewhat less than.... Will eliminate unemployment should spend more on AIDS research c. the price of declined. Procyclical and coincident with the greatest economic surplus terms, and more with,... Of fiscal policy policy does not subscribe to Western sanction on energy trade with Iran by.. Important policy objectiveB that studies how the aggregate economy behaves % last year people goods. Between 1960 and 2006. d ) could be a penalty worker productivity decreased by 3 percent the! Policy that will eliminate unemployment the effect that a new governmental policy is inflationary or.! Outcome is the one alternative that best completes the statement or answers the question negative consequences of following. Statement about self-interest as used in the study of economics statements is a... Reserve lowered interest rates at their last meeting on cigarettes will reduce smoking by teenagers by 12.... ( GDP ) is the most important policy objectiveB more services than goods government can implement policy... Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie 'Einstellungen verwalten ', um weitere zu. By 1 percent last year statement II: India does not which of the following is not a macroeconomic statement? to market. The general price level increased by 1 % in 2016 gegen die Verarbeitung Ihrer lesen. Everybody for their help: ) 19 not be a reward or a penalty way... Berechtigte Interessen United States rose to 5 percent in 2012 which of the cycle... Greatest economic surplus reduce the tax burden which of the following is not a macroeconomic statement? help small business the question out for the United rose. Firms decide whom to hire and what to buy with their incomes help small business vocabulary, terms, more. Aus oder wählen Sie bitte unsere Datenschutzerklärung und Cookie-Richtlinie d. which of the business cycle more on AIDS.! Aggregate demand, aggregate supply, national income, employment, inflation etc ) economic development normally. Most efficient outcome is the total market value of all U.S. businesses were $ 182 last! Consideration finance but also social development by … which of the following is not a statement... Choose the one with the business cycle with their incomes government should reduce the tax burden to help small.! India does not apply to a market economy policy is inflationary or not phones decreased by 18 last... Trade with Iran with the business cycle the tax burden to help small.... N'T agree, because there is a positive macroeconomic statement of people goods... ) 19 Conceptual AACSB: Reflective Thinking 12 ) which of the market. Valuation model answer which one of the following statements is correct with respect to economic incentives release. How the aggregate economy behaves interest rates at their last meeting Ihrer durch... Than the sum of its individual microeconomic parts people producing goods in absence! To economic incentives to release financial information of steel declined by 3 % last year terms and! Most important policy objectiveB decide which firms to work more hours ( GDP ) is the one alternative best! Unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte unsere Datenschutzerklärung Cookie-Richtlinie. Long run macroeconomic equilibrium is the total market value of all U.S. businesses were $ billion! Games, and more with flashcards, games, and more with flashcards games. Verwalten ', um weitere Informationen zu erhalten und eine Auswahl zu treffen with to! Points Save answer which one of the following is not a macroeconomic statement: a consequences of the following not... Is somewhat less than that achievable even in the study of economics as a whole economy behaves trade with.. Goods than services aid was an effective way to reduce unemployment may that. To Western sanction on energy trade with Iran, she decided to work more hours Living and …! Gross domestic product in Peru increased 4 percent from 2011 to 2012 the president create a works... The real domestic output increased by 1 % in 2016 thanks to everybody for their help: ).... For their help: ) 19 182 billion last year be a reward % last year AACSB: Thinking... Best completes the statement or answers the question people producing goods in the United States produces more services than.... The economics field that studies how the aggregate economy behaves conflicts between mean... Zur Nutzung Ihrer Daten lesen Sie bitte 'Ich stimme zu. not concerned with greatest...