ECON 2030 LSU ROUSSEL EXAM 3 2024-2025 LATEST
COMPLETE QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS ) ALREADY GRADED A+.
frictional - ANSWER -Websites, such as Monster.com, which feature
job listing and allow individuals to upload their resumes, are most
effective at reducing ___________ unemployment.
increased - ANSWER -The following data are the seasonally adjusted
percent changes from the preceding month for the US
January 2010 February 2010
Total CPI +0.1 -0.1
Core CPI -0.1 +-0.0
In January 2010, food and energy prices in the US _______________
from their December 2009 levels.
the same as - ANSWER -The following data are the seasonally
adjusted percent changes from the preceding month for the US
What/January 2010/February 2010
Total CPI/+0.1/-0.1
Core CPI/-0.1 +-0.0
,The aggregate price level in February 2010, as measured by the core
CPI, was _________ it was in January 2010.
lower than - ANSWER -The following data are the seasonally adjusted
percent changes from the preceding month for the US
January 2010 February 2010
Total CPI +0.1 -0.1
Core CPI -0.1 +-0.0
The inflation rate in February 2010, as measured by the percent
change in the total CPI, was ______ it was in January 2010.
employeed - ANSWER -Suppose fifty-something year-old Charles is a
senior economics instructor at LSU. During the reference week,
Charles did not do any work at all for pay as he was serving jury duty.
In addition, he has not actively sought another job in years.
According to the BLS household survey, Charles would be classified
as
Means of unilateral payment - ANSWER -Sustaining members of
public radio stations, such as WRKF in Baton Rouge and WWNO in
New Orleans, make fixed monthly monetary donations to support the
programming on those stations. These charitable donations are an
example of which of the following function of money?
less; decreased - ANSWER -On Friday morning, 06 April 2018, the
,BLS reported that nonfarm payroll employment in the US in March
2018 increased by 103,000, seasonally adjusted, from its February
2018 level. This increase was _______ than expected. When financial
markets in New York opened one hour after the report was released,
stock prices ____ in response to employment news.
not in the labor force - ANSWER -Suppose Chelsea is a 21-year-old,
full-time LSU student who works 18 hours per week as an unpaid
volunteer at a local food bank. At present, she is actively seeking a
paid internship at a law office in Baton Rouge. If offered a position,
she could begin it after the semester ends. According to the BLS
household survey, Chelsea would be currently be classified as
________________.
aggregate prices; wholesale - ANSWER -The PPI is a measure of
______ at the ________ level.
True - ANSWER -(T/F) The term "business cycle" refers to the
shortterm fluctuations in economic growth.
borrowing - ANSWER -An increase in expected future nominal interest
rates, everything else held constant, will cause _______ to become
more desirable TODAY.
An automobile produced in France is purchased in Canada. -
ANSWER -Which of the following would increase the net export
component of French GDP?
, Standard of deferred payment - ANSWER -Suppose Karl goes to his
credit card company's website and pays off the entire balance on his
account with an electronic funds transfer from his checking account.
Used in this way the transfer is performing which of the following
functions of money?
structurally - ANSWER -In Wisconsin, over 20,000 jobs in the paper
industry have been lost in the last 17 years because paper
manufacturing has moved abroad. The workers who have lost their
jobs in the paper industry would be considered _______ unemployed.
The real interest rate is 2% and the expected inflation rate is 2%. -
ANSWER -In which of the following situations would the nominal
interest rate be the HIGHEST?
lower than - ANSWER -The seasonally adjusted data below depict the
performance of the economy of the US in 5 quarters of 1969-1970
Year/Qtr Ann. % Change Ann. % Change
Nominal GDP Real GDP
1969/Q4 +3.3 -1.9
1970/Q1 +5.1 -0.6
1970/Q2 +6.4 +0.7
1970/Q3 +6.9 +3.6
1970/Q4 +0.8 -4.2
COMPLETE QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS ) ALREADY GRADED A+.
frictional - ANSWER -Websites, such as Monster.com, which feature
job listing and allow individuals to upload their resumes, are most
effective at reducing ___________ unemployment.
increased - ANSWER -The following data are the seasonally adjusted
percent changes from the preceding month for the US
January 2010 February 2010
Total CPI +0.1 -0.1
Core CPI -0.1 +-0.0
In January 2010, food and energy prices in the US _______________
from their December 2009 levels.
the same as - ANSWER -The following data are the seasonally
adjusted percent changes from the preceding month for the US
What/January 2010/February 2010
Total CPI/+0.1/-0.1
Core CPI/-0.1 +-0.0
,The aggregate price level in February 2010, as measured by the core
CPI, was _________ it was in January 2010.
lower than - ANSWER -The following data are the seasonally adjusted
percent changes from the preceding month for the US
January 2010 February 2010
Total CPI +0.1 -0.1
Core CPI -0.1 +-0.0
The inflation rate in February 2010, as measured by the percent
change in the total CPI, was ______ it was in January 2010.
employeed - ANSWER -Suppose fifty-something year-old Charles is a
senior economics instructor at LSU. During the reference week,
Charles did not do any work at all for pay as he was serving jury duty.
In addition, he has not actively sought another job in years.
According to the BLS household survey, Charles would be classified
as
Means of unilateral payment - ANSWER -Sustaining members of
public radio stations, such as WRKF in Baton Rouge and WWNO in
New Orleans, make fixed monthly monetary donations to support the
programming on those stations. These charitable donations are an
example of which of the following function of money?
less; decreased - ANSWER -On Friday morning, 06 April 2018, the
,BLS reported that nonfarm payroll employment in the US in March
2018 increased by 103,000, seasonally adjusted, from its February
2018 level. This increase was _______ than expected. When financial
markets in New York opened one hour after the report was released,
stock prices ____ in response to employment news.
not in the labor force - ANSWER -Suppose Chelsea is a 21-year-old,
full-time LSU student who works 18 hours per week as an unpaid
volunteer at a local food bank. At present, she is actively seeking a
paid internship at a law office in Baton Rouge. If offered a position,
she could begin it after the semester ends. According to the BLS
household survey, Chelsea would be currently be classified as
________________.
aggregate prices; wholesale - ANSWER -The PPI is a measure of
______ at the ________ level.
True - ANSWER -(T/F) The term "business cycle" refers to the
shortterm fluctuations in economic growth.
borrowing - ANSWER -An increase in expected future nominal interest
rates, everything else held constant, will cause _______ to become
more desirable TODAY.
An automobile produced in France is purchased in Canada. -
ANSWER -Which of the following would increase the net export
component of French GDP?
, Standard of deferred payment - ANSWER -Suppose Karl goes to his
credit card company's website and pays off the entire balance on his
account with an electronic funds transfer from his checking account.
Used in this way the transfer is performing which of the following
functions of money?
structurally - ANSWER -In Wisconsin, over 20,000 jobs in the paper
industry have been lost in the last 17 years because paper
manufacturing has moved abroad. The workers who have lost their
jobs in the paper industry would be considered _______ unemployed.
The real interest rate is 2% and the expected inflation rate is 2%. -
ANSWER -In which of the following situations would the nominal
interest rate be the HIGHEST?
lower than - ANSWER -The seasonally adjusted data below depict the
performance of the economy of the US in 5 quarters of 1969-1970
Year/Qtr Ann. % Change Ann. % Change
Nominal GDP Real GDP
1969/Q4 +3.3 -1.9
1970/Q1 +5.1 -0.6
1970/Q2 +6.4 +0.7
1970/Q3 +6.9 +3.6
1970/Q4 +0.8 -4.2
