The last gift

The last gift

University

25 Qs

quiz-placeholder

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The last gift

The last gift

Assessment

Quiz

Other

University

Medium

Created by

Trần UEL

Used 6+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Ryan lives in an apartment where he pays $7,000 a year in rent. Sarah lives in a house that could be rented for $21,000 a year. How much do these housing services contribute to GDP?

$21,000

$28,000

$7,000

$14,000

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Meredith is looking for work as a computer programmer. Although her prospects are good, she has not yet taken a job. Julie is looking for work in a steel mill. Every time she shows up for an interview, there are more people looking for work than there are openings. Someone waiting in line with her tells her it has been that way for a long time.

Meredith and Julie are both frictionally unemployed

Meredith and Julie are both structurally unemployed.

Meredith is frictionally unemployed, and Julie is structurally unemployed

Meredith is structurally unemployed, and Julie is frictionally unemployed

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If the Fed increases the money supply

the interest rate increases, which tends to raise stock prices

the interest rate increases, which tends to reduce stock prices

the interest rate decreases, which tends to raise stock prices

the interest rate decreases, which tends to reduce stock prices

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which among the following assets is the most liquid?

corporate bonds

fine art

deposits that can be withdrawn using ATMs

shares of stock

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following sequences best explains the negative slope of the aggregate-demand curve?

price level ↑ ⇒ demand for money ↓ ⇒ equilibrium interest rate ↑ ⇒ quantity of goods and services demanded ↓

price level ↑ ⇒ demand for money ↑ ⇒ equilibrium interest rate ↓ ⇒ quantity of goods and services demanded ↓

price level ↓ ⇒ demand for money ↓ ⇒ equilibrium interest rate ↓ ⇒ quantity of goods and services demanded ↑

price level ↓ ⇒ equilibrium interest rate ↓ ⇒ demand for money ↑ ⇒ quantity of goods and services demanded ↑

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If money demand shifted to the right and the Federal Reserve desired to return the interest rate to its original value, it could

buy bonds to increase the money supply.

buy bonds to decrease the money supply

sell bonds to increase the money supply.

sell bonds to decrease the money supply.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If U.S. consumers increase their demand for apples from New Zealand, then other things the same New Zealand’s

imports and net exports rise.

imports rise and net exports fall.

exports and net exports rise.

exports rise and net exports fall.

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