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ECON 200 UOFA Final Exam Version 1 Study Guide 2025 |
University of Arizona Principles of Economics
Comprehensive Review, Practice Test, and Answers
Get ready for your ECON 200 Final Exam (Version 1) at the University of Arizona with this
2025 complete study guide. Includes key topics from microeconomics and macroeconomics,
final exam review questions, answer keys, formulas, and test tips to help you master ECON 200
and boost your grade.
• ECON 200 UOFA final exam version 1
• University of Arizona ECON 200 final exam 2025
• ECON 200 final exam answers
• ECON 200 final exam study guide
Sectoral shifts in demand for output
a. create structural unemployment.
b. immediately reduce unemployment.
c. increase unemployment due to job search.
d. do not affect demand for labor. - ANSWER-C
From time to time, the demand for workers has risen in one region of the United States and fallen in
another. This illustrates
a. frictional unemployment created by efficiency wages.
,2|Page
b. structural unemployment created by efficiency wages.
c. frictional unemployment created by sectoral shifts.
d. structural unemployment created by sectoral shifts - ANSWER-C
Which of the following does not help reduce frictional unemployment?
a. government-run employment agencies
b. public training programs
c. unemployment insurance
d. All of the above help reduce frictional unemployment - ANSWER-C
Government-run employment agencies and public training programs are operated by the government to
try to facilitate job search and reduce unemployment.
a. Almost all economists agree that such programs are of no use.
b. Almost all economists agree that such programs work very well.
c. Some economists claim that the government can do these things no better than firms and individuals
could do them for themselves.
d. Some economists claim that these programs increase frictional unemployment. - ANSWER-C
Other things the same, an increase in wages above their equilibrium level
a. increases frictional unemployment but leaves the natural rate of unemployment unchanged.
b. increases frictional unemployment and increases the natural rate of unemployment.
c. increases structural unemployment but leaves the natural rate of unemployment unchanged.
d. increases structural unemployment and increases the natural rate of unemployment. - ANSWER-D
29. If traveler's checks were $1000 higher and saving deposits were $500 higher, M1 would be
, 3|Page
a. $500 higher and M2 would be $1,500 higher.
b. $1,000 higher and M2 would be $1,500 higher.
c. M2 and M1 would be $1,500 higher.
d. $1,000 high and M2 would be $500 higher. - ANSWER-B
30. John and Jane decide to go on a vacation. As a result, they withdraw $2,500 from their savings
account to purchase$2,500 worth of traveler's checks. As a result of these changes,
a. M1 increases by $2,500 and M2 decreases by $2,500.
b. M1 increases by $2,500 and M2 stays the same.
c. M1 and M2 stay the same.
d. M1 decreases by $2,500 and M2 increases by $2,500. - ANSWER-B
1. An open-market purchase
a. increases the number of dollars and the number of bonds in the hands of the public.
b. increases the number of dollars in the hands of the public and decreases the number of bonds in the
hands of the public.
c. decreases the number of dollars and the number of bonds in the hands of the public.
d. decreases the number of dollars in the hands of the public and increases the number of bonds in the
hands of the public. - ANSWER-B
32. An open-market sale
a. increases the number of dollars and the number of bonds in the hands of the public.
b. increases the number of dollars in the hands of the public and decreases the number of bonds in the
hands of the public.
c. decreases the number of dollars and the number of bonds in the hands of the public.
ECON 200 UOFA Final Exam Version 1 Study Guide 2025 |
University of Arizona Principles of Economics
Comprehensive Review, Practice Test, and Answers
Get ready for your ECON 200 Final Exam (Version 1) at the University of Arizona with this
2025 complete study guide. Includes key topics from microeconomics and macroeconomics,
final exam review questions, answer keys, formulas, and test tips to help you master ECON 200
and boost your grade.
• ECON 200 UOFA final exam version 1
• University of Arizona ECON 200 final exam 2025
• ECON 200 final exam answers
• ECON 200 final exam study guide
Sectoral shifts in demand for output
a. create structural unemployment.
b. immediately reduce unemployment.
c. increase unemployment due to job search.
d. do not affect demand for labor. - ANSWER-C
From time to time, the demand for workers has risen in one region of the United States and fallen in
another. This illustrates
a. frictional unemployment created by efficiency wages.
,2|Page
b. structural unemployment created by efficiency wages.
c. frictional unemployment created by sectoral shifts.
d. structural unemployment created by sectoral shifts - ANSWER-C
Which of the following does not help reduce frictional unemployment?
a. government-run employment agencies
b. public training programs
c. unemployment insurance
d. All of the above help reduce frictional unemployment - ANSWER-C
Government-run employment agencies and public training programs are operated by the government to
try to facilitate job search and reduce unemployment.
a. Almost all economists agree that such programs are of no use.
b. Almost all economists agree that such programs work very well.
c. Some economists claim that the government can do these things no better than firms and individuals
could do them for themselves.
d. Some economists claim that these programs increase frictional unemployment. - ANSWER-C
Other things the same, an increase in wages above their equilibrium level
a. increases frictional unemployment but leaves the natural rate of unemployment unchanged.
b. increases frictional unemployment and increases the natural rate of unemployment.
c. increases structural unemployment but leaves the natural rate of unemployment unchanged.
d. increases structural unemployment and increases the natural rate of unemployment. - ANSWER-D
29. If traveler's checks were $1000 higher and saving deposits were $500 higher, M1 would be
, 3|Page
a. $500 higher and M2 would be $1,500 higher.
b. $1,000 higher and M2 would be $1,500 higher.
c. M2 and M1 would be $1,500 higher.
d. $1,000 high and M2 would be $500 higher. - ANSWER-B
30. John and Jane decide to go on a vacation. As a result, they withdraw $2,500 from their savings
account to purchase$2,500 worth of traveler's checks. As a result of these changes,
a. M1 increases by $2,500 and M2 decreases by $2,500.
b. M1 increases by $2,500 and M2 stays the same.
c. M1 and M2 stay the same.
d. M1 decreases by $2,500 and M2 increases by $2,500. - ANSWER-B
1. An open-market purchase
a. increases the number of dollars and the number of bonds in the hands of the public.
b. increases the number of dollars in the hands of the public and decreases the number of bonds in the
hands of the public.
c. decreases the number of dollars and the number of bonds in the hands of the public.
d. decreases the number of dollars in the hands of the public and increases the number of bonds in the
hands of the public. - ANSWER-B
32. An open-market sale
a. increases the number of dollars and the number of bonds in the hands of the public.
b. increases the number of dollars in the hands of the public and decreases the number of bonds in the
hands of the public.
c. decreases the number of dollars and the number of bonds in the hands of the public.
