NETAASSESSMENT
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Test Bank
toaccompa
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ny
Test Bank prepared
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byConstantin
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Colonescu MacEwan
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University
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NETA Assessment: Test Bank to accompany Principles of Macroeconomics,
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Sixth Canadian Edition
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By N. Gregory Mankiw / Ronald D. Kneebone / Kenneth J. McKenzie
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Test Bank prepared by Constantin Colonescu, MacEwan University
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NETA copy editor: Frances Robinson
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Available on Instructor‘s Resource CD ISBN . 0-17-655440-8
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COPYRIGHT ©2014 by Nelson Education Ltd. Nelson is a registered trademark used herein under licence.
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Allrights reserved.
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For more information contact Nelson, 1120 Birchmount Road, Toronto, Ontario
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ourInternet site at www.nelson.com.
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ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced or
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used inany form or by any means—graphic, electronic, or mechanical, including photocopying, recording,
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taping, web distribution or information storage and retrieval systems—without the written permission of the
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publisher
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TABLE OF CONTENTS xc xc
Part 1 Introduction
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Chapter 1 Ten Principles of Economics
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Chapter 2 Thinking Like an Economist
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Chapter 3 Interdependence and the Gains from Trade
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Part 2 Supply And Demand: How Markets Work
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Chapter 4 The Market Forces of Supply and Demand
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Part 3 The Data of Macroeconomics
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Chapter 5 Measuring a Nation‘s Income
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Chapter 6 Measuring the Cost of Living
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Part 4 The Real Economy in the Long Run
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Chapter 7 Production and Growth
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Chapter 8 Saving, Investment, and the Financial System
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Chapter 9 Unemployment and Its Natural Rate
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Part 5 Money And Prices in the Long Run
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Chapter 10 The Monetary System
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Chapter 11 Money Growth and Inflation
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Part 6 The Macroeconomics of Open Economies
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Chapter 12 Open-Economy Macroeconomics: Basic Concepts
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Chapter 13 A Macroeconomic Theory of the Small Open Economy
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Part 7 Short-Run Economic Fluctuations
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Chapter 14 Aggregate Demand and Aggregate Supply
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Chapter 15 The Influence of Monetary and Fiscal Policy on Aggregate
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Demand
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Chapter 16 The Short-Run Tradeoff between Inflation and Unemployment
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Part 8 Final Thoughts
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Chapter 17 Five Debates over Macroeconomic Policy
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iii
PREFACE
In most post-secondary courses, a large percentage of student assessment is based on
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multiplechoice testing. Many instructors use multiple-choice reluctantly, believing that it is
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amethodology best used for testing what a student remembers rather than what she or he
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has learned.
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Nelson Education Ltd. understands that a good quality multiple-choice test bank can
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provide the means to measure higher-level thinking skills as well as recall. Recognizing
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the importance of multiple-choice testing in today‘s classroom, we have created NETA—
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the Nelson Education Teaching Advantage program—to ensure the value of our high
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quality testbanks.
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