Economics Homework Help

/in /by

Economics Homework Help. Measuring Economic Performance, Assignment Homework Help

  1. Seasonal unemployment coincides with certain seasons during the year.

2 points  

QUESTION 2

  1. The Quantity Theory states that inflation occurs when production costs rise and this cost increase is passed on to consumers in the form of higher prices.

2 points  

QUESTION 3

  1. Growth is a specific goal of U.S. economic policy.

2 points  

QUESTION 4

  1. A lifeguard might experience which of the following types of unemployment?

2 points  

QUESTION 5

  1. Higher interest rates do NOT affect the economy.

2 points  

QUESTION 6

  1. Interest rates do NOT influence the business cycle.

2 points  

QUESTION 7

  1. Inflation increases the purchasing power of consumers.

2 points  

QUESTION 8

  1. Cyclical unemployment is due to workers taking time to find another job.

2 points  

QUESTION 9

  1. Which of the following statements best explains the term inflation?

2 points  

QUESTION 10

  1. The total value of all final goods and services produced within a country in a given year is called the Gross Final Product.

2 points  

QUESTION 11

  1. A depression is a prolonged period of recession.

2 points  

QUESTION 12

  1. A depression can occur during the peak phase of a business cycle.

2 points  

QUESTION 13

  1. Contraction occurs when the economy begins to lag a bit and takes a downhill turn.

2 points  

QUESTION 14

  1. Which of the following happens when Stagflation occurs?

2 points  

QUESTION 15

  1. Structural unemployment rises during economic downturns and falls when the economy improves.

2 points  

QUESTION 16

  1. The Cost-Push Theory states that inflation occurs when production costs rise and this cost increase is passed on to consumers in the form of higher prices.

2 points  

QUESTION 17

  1. Government economists look at GDP measurements to determine the growth of the economy.

2 points  

QUESTION 18

  1. A stay-at-home parent is not considered part of the labor force.

2 points  

QUESTION 19

  1. Stagflation is when GDP figures decline but prices rise.

2 points  

QUESTION 20

  1. The income approach of calculating GDP is the most accurate.

2 points  

QUESTION 21

  1. Inflation is used as a measure of economic performance because it can:

2 points  

QUESTION 22

  1. What do we call the total value of all final goods and services produced within a country in a given year?

2 points  

QUESTION 23

  1. The economic goal of efficiency means that people have the ability to make their own economic choices.

2 points  

QUESTION 24

  1. Frictional unemployment is due to workers taking time to find another job.

2 points  

QUESTION 25

  1. Goods used in the production of final goods are included in GDP calculations.

2 points  

QUESTION 26

  1. Adding up all of the income in an economy in a given year is one approach to calculating Gross National Product.

2 points  

QUESTION 27

  1. Recessions can occur in the contraction phase of a business cycle.

2 points  

QUESTION 28

  1. The Consumer Price Index is used to calculate how:

2 points  

QUESTION 29

  1. The Consumer Price Index (CPI) is used to calculate how taxes have changed over the years.

2 points  

QUESTION 30

  1. The Cost-Push Theory is one of the theories of the causes of inflation.

2 points  

QUESTION 31

  1. Purchasing power is a consumer’s ability to buy goods and services.

2 points  

QUESTION 32

  1. Which of the following statements best describes the Quantity Theory of Inflation?

2 points  

QUESTION 33

  1. Full employment is the level of employment reached when 100% of the labor force is employed.

2 points  

QUESTION 34

  1. Which of the following is the final phase of a business cycle?

    expansion

    peak

    contraction

2 points  

QUESTION 35

  1. As the population of the US grows, the number of jobs must also grow.

2 points  

QUESTION 36

  1. Capital investments do not influence the business cycle.

2 points  

QUESTION 37

  1. The GDP can be calculated by estimating the yearly amount of profit in four categories of final goods and services.

2 points  

QUESTION 38

  1. The economic goal of freedom means that people have the ability to make their own economic choices.

2 points  

QUESTION 39

  1. The Bureau of Labor Statistics polls a sample of the population to calculate how many people are unemployed.

2 points  

QUESTION 40

  1. The trough phase is the bottom of the business cycle.

2 points  

QUESTION 41

  1. Which of the following is NOT one of the theories of the causes of inflation?

    Quality Theory

    Quantity Theory

    Demand-Pull Theory

2 points  

QUESTION 42

  1. The labor force is only made up of people age sixteen and younger who are looking for work.

2 points  

QUESTION 43

  1. Which of the following is a specific goal of U.S. economic policy?

2 points  

QUESTION 44

  1. Which of the following types of unemployment occurs when a worker takes time to find a different job?

    cyclical unemployment

    seasonal unemployment

    structural unemployment

2 points  

QUESTION 45

  1. Inflation causes consumers to buy less with the same amount of money.

2 points  

QUESTION 46

  1. The Demand-Pull Theory of Inflation states that inflation is caused by too much money in the economy.

2 points  

QUESTION 47

  1. A recession is when GDP figures decrease for at least six months in a row.

2 points  

QUESTION 48

  1. Inflation is used as a measure of economic performance because shows changes in the business cycle.

2 points  

QUESTION 49

  1. Which of the following agencies calculates how many people are unemployed?

    The Employment Commission

    The Conference Board

    Bureau of Labor Statistics

2 points  

QUESTION 50

  1. During the peak phase of a business cycle, the economy reaches a steady level.

Economics Homework Help

 
"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"

You might also like
Economics Homework Help
Economics Homework Help
Economics Homework Help
Economics Homework Help
Economics Homework Help
Economics Homework Help
Economics Homework Help
Economics Homework Help