ECON 700 Test 1 & 2 Final Exam Prediction

ECON 700 Test 1 & 2 Final Exam Prediction

, Test01
Question 1

1 out of 1 points



The additional profit earned by Microsoft Corporation by marketing and using a different
method of coding software is a microeconomic issue.

Selected Tru
Answer: e

Answers: Tru
e

False

Question 2

1 out of 1 points



Fiscal policy involves changes in the quantity of money or the interest rate.

Selected Fals
Answer: e

Answers: True

Fals
e

Question 3

1 out of 1 points



Monetary and fiscal policy are undertaken to reduce the severity of recessions.

Selected Tru
Answer: e

Answers: Tru

, e

False

Question 4

1 out of 1 points



One type of macroeconomic policy is antitrust enforcement.

Selected Fals
Answer: e

Answers: True

Fals
e

Question 5

1 out of 1 points



Fiscal policy can be used to reduce the severity of recessions.

Selected Tru
Answer: e

Answers: Tru
e

False

Question 6

1 out of 1 points



The business cycle is the long-run alternation between economic downturns and
economic upturns.

Selected Fals
Answer: e

, Answers: True

Fals
e

Question 7

1 out of 1 points



Expansions are periods of economic growth when real GDP and employment are
growing.

Selected Tru
Answer: e

Answers: Tru
e

False

Question 8

1 out of 1 points



Recessions are periods in which output and employment are falling.

Selected Tru
Answer: e

Answers: Tru
e

False

Question 9

1 out of 1 points



Business cycles are the expansion, contraction, then expansion again of nominal GDP.

Selected Fals
e