1|Page
ECON 300 EXAM 3 || MOST RECENT EXAM ACTUAL
COMPLETE 122 REAL VERIFIED EXAM QUESTIONS
AND CORRECT ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | GUARANTEED SUCCESS!!
NEWEST EXAM!!!
An increase in unemployment insurance payments would,
in effect, ________ the length of time spent searching for
a job, which would increase ________ unemployment. -
Answer-Increase; Cyclical
Inflation is best defined as - Answer-A sustained increase
in the average of all prices of goods and services in an
economy.
The government computes the CPI each month. Which
answer best reflects the importance of this number? -
Answer-The CPI data is "old" news, alternative daily
measures of inflation exist that are reliable.
Which of the following is NOT a cost of inflation? - Answer-
Historical price level uncertainty
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If an economy is experiencing cost-push inflation -
Answer-Prices will rise and output will fall.
In the movie Inside Job which was NOT mentioned as part
of the securitization food chain? - Answer-The government
Bob's assembly line job has been replaced by robots, and
Bob lacks abilities and skills required to attain other jobs.
He is considered - Answer-Structurally Unemployment
If jobless persons who had given up searching suddenly
resumed active searches for paying jobs—but had not yet
found any—the unemployment rate would: - Answer-Rise
Since 1948, the labor force participation rate for adult men
has ________ and for adult women has ________. -
Answer-Decreased; Increased
If cyclical unemployment is eliminated in the economy,
then - Answer-The economy is considered to be at full
employment.
What was the global growth rate prior to 1800? - Answer-
0%
, 3|Page
If the growth rate is approximately 5%, how long will it take
a nation's GDP to double? - Answer-14 Years
If a country has only a few natural resources we would
expect its growth rate to be - Answer-We can't tell
If Haiti starts growing rapidly and eventually catches up
with the standard of living in Mexico we consider this an
example of - Answer-Convergence (we did not discuss this
idea this semester.)
Why is capital, by itself, not sufficient to guarantee long-
run growth? - Answer-Capital experiences diminishing
returns.
Which of the following would not encourage more rapid
growth? - Answer-A more equal distribution on income
The level of aggregate supply in the long-run is not
affected by - Answer-Changes in the price level.
ECON 300 EXAM 3 || MOST RECENT EXAM ACTUAL
COMPLETE 122 REAL VERIFIED EXAM QUESTIONS
AND CORRECT ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | GUARANTEED SUCCESS!!
NEWEST EXAM!!!
An increase in unemployment insurance payments would,
in effect, ________ the length of time spent searching for
a job, which would increase ________ unemployment. -
Answer-Increase; Cyclical
Inflation is best defined as - Answer-A sustained increase
in the average of all prices of goods and services in an
economy.
The government computes the CPI each month. Which
answer best reflects the importance of this number? -
Answer-The CPI data is "old" news, alternative daily
measures of inflation exist that are reliable.
Which of the following is NOT a cost of inflation? - Answer-
Historical price level uncertainty
,2|Page
If an economy is experiencing cost-push inflation -
Answer-Prices will rise and output will fall.
In the movie Inside Job which was NOT mentioned as part
of the securitization food chain? - Answer-The government
Bob's assembly line job has been replaced by robots, and
Bob lacks abilities and skills required to attain other jobs.
He is considered - Answer-Structurally Unemployment
If jobless persons who had given up searching suddenly
resumed active searches for paying jobs—but had not yet
found any—the unemployment rate would: - Answer-Rise
Since 1948, the labor force participation rate for adult men
has ________ and for adult women has ________. -
Answer-Decreased; Increased
If cyclical unemployment is eliminated in the economy,
then - Answer-The economy is considered to be at full
employment.
What was the global growth rate prior to 1800? - Answer-
0%
, 3|Page
If the growth rate is approximately 5%, how long will it take
a nation's GDP to double? - Answer-14 Years
If a country has only a few natural resources we would
expect its growth rate to be - Answer-We can't tell
If Haiti starts growing rapidly and eventually catches up
with the standard of living in Mexico we consider this an
example of - Answer-Convergence (we did not discuss this
idea this semester.)
Why is capital, by itself, not sufficient to guarantee long-
run growth? - Answer-Capital experiences diminishing
returns.
Which of the following would not encourage more rapid
growth? - Answer-A more equal distribution on income
The level of aggregate supply in the long-run is not
affected by - Answer-Changes in the price level.
