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QUESTION According to the new classical view, budget deficits will a cause real interest rates to rise, which will decrease aggregate demand, output, and employment. b. lead to inflation because the deficits expand the money supply. QUESTION 18 Which of the following would be most likely to reduce the rate of unemployment? a. an increase in unemployment compensation benefits 0000 c. lead to an expansion in spending, which will stimulate both real output and employment. d. fail to stimulate aggregate demand because people will save more in order to pay the higher future taxes implied by the expansion in government debt. $00004 b. a rise in the minimum wage c. an Internet job listing system that makes it easier to get information about job openings and available employees d. a business recession QUESTION 19 Which of the following about inflation is true? a. High rates of inflation are usually associated only with smaller countries such as Costa Rica. b. High rates of inflation are usually associated with wide year-to-year changes in inflation. c. High rates of inflation will generally improve the economic efficiency of an economy. d. High rates of inflation are usually associated only with very large countries such as the United States. QUESTION 20 Sean would like to work as an accountant full time. A full-time position is not available, however, so he must accept a part-time job working 15 hours per weeks Labor Statistics would categorize Sean as a. employed. b. unemployed. c. not in the labor force. d. both employed and unemployed.

QUESTION According to the new classical view, budget deficits will a cause real interest rates to rise, which will decrease aggregate demand, output, and employment. b. lead to inflation because the deficits expand the money supply. QUESTION 18 Which of the following would be most likely to reduce the rate of unemployment? a. an increase in unemployment compensation benefits 0000 c. lead to an expansion in spending, which will stimulate both real output and employment. d. fail to stimulate aggregate demand because people will save more in order to pay the higher future taxes implied by the expansion in government debt. $00004 b. a rise in the minimum wage c. an Internet job listing system that makes it easier to get information about job openings and available employees d. a business recession QUESTION 19 Which of the following about inflation is true? a. High rates of inflation are usually associated only with smaller countries such as Costa Rica. b. High rates of inflation are usually associated with wide year-to-year changes in inflation. c. High rates of inflation will generally improve the economic efficiency of an economy. d. High rates of inflation are usually associated only with very large countries such as the United States. QUESTION 20 Sean would like to work as an accountant full time. A full-time position is not available, however, so he must accept a part-time job working 15 hours per weeks Labor Statistics would categorize Sean as a. employed. b. unemployed. c. not in the labor force. d. both employed and unemployed.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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QUESTION 17 According to the new classical view, budget deficits will a cause real interest rates to rise, which will decrease aggregate demand, output, and employment. b. lead to inflation because the deficits expand the money supply. c. lead to an expansion in spending, which will stimulate both real output and employment. Od. fail to stimulate aggregate demand because people will save more in order to pay the higher future taxes implied by the expansion in government debt. QUESTION 18 Which of the following would be most likely to reduce the rate of unemployment? a. an increase in unemployment compensation benefits b. a rise in the minimum wage c. an Internet job listing system that makes it easier to get information about job openings and available employees Od. a business recession QUESTION 19 Which of the following about inflation is true? a. High rates of inflation are usually associated only with smaller countries such as Costa Rica. b. High rates of inflation are usually associated with wide year-to-year changes in inflation. c. High rates of inflation will generally improve the economic efficiency of an economy. d. High rates of inflation are usually associated only with very large countries such as the United States. QUESTION 20 Sean would like to work as an accountant full time. A full-time position is not available, however, so he must accept a part-time job working 15 hours per week. The Bureau of Labor Statistics would categorize Sean as a. employed. Ob. unemployed. c. not in the labor force. Od. both employed and unemployed.
Transcribed Image Text:QUESTION 17 According to the new classical view, budget deficits will a cause real interest rates to rise, which will decrease aggregate demand, output, and employment. b. lead to inflation because the deficits expand the money supply. c. lead to an expansion in spending, which will stimulate both real output and employment. Od. fail to stimulate aggregate demand because people will save more in order to pay the higher future taxes implied by the expansion in government debt. QUESTION 18 Which of the following would be most likely to reduce the rate of unemployment? a. an increase in unemployment compensation benefits b. a rise in the minimum wage c. an Internet job listing system that makes it easier to get information about job openings and available employees Od. a business recession QUESTION 19 Which of the following about inflation is true? a. High rates of inflation are usually associated only with smaller countries such as Costa Rica. b. High rates of inflation are usually associated with wide year-to-year changes in inflation. c. High rates of inflation will generally improve the economic efficiency of an economy. d. High rates of inflation are usually associated only with very large countries such as the United States. QUESTION 20 Sean would like to work as an accountant full time. A full-time position is not available, however, so he must accept a part-time job working 15 hours per week. The Bureau of Labor Statistics would categorize Sean as a. employed. Ob. unemployed. c. not in the labor force. Od. both employed and unemployed.
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