Test Bank for Macroeconomics, 9th Canadian Edition by Andrew B. Abel
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Course
Macroeconomics
Institution
Macroeconomics
Test Bank for Macroeconomics 9ce 9th Canadian Edition by Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Kneebone
ISBN-13: 7408
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Chapter1: Introduction to Macroeconomics
Chapter2: The Measuremen...
Macroeconomics, Cdn. 9e (Abel et al.)
Chapter 1 Introduction to Macroeconomics
1.1 Multiple-Choice Questions
1) Which of the following is a topic of macroeconomics?
A) why nations have different rates of growth
B) what causes inflation and what can be done about it
C) why unemployment periodically reaches very high levels
D) all of the above
Answer: D
Diff: 1 Type: MC Page Ref: 1
2) The two major reasons for the tremendous growth in output in the Canadian economy over the
last 125 years are
A) population growth and budget deficit.
B) population growth and increased productivity.
C) low unemployment and budget surplus.
D) low budget deficit and low trade deficits.
Answer: B
Diff: 1 Type: MC Page Ref: 2
3) The main reason Canada has such a high standard of living is
A) low unemployment.
B) high average labour productivity.
C) low inflation.
D) low government budget deficits.
Answer: B
Diff: 1 Type: MC Page Ref: 2
4) Average labour productivity is
A) the amount of workers per machine.
B) the amount of machines per worker.
C) the ratio of employed to unemployed workers.
D) the amount of output per worker.
Answer: D
Diff: 1 Type: MC Page Ref: 2
5) In analyzing macroeconomic data during the past year, you have discovered that average
labour productivity fell, but total output increased. What was most likely to have caused this?
A) Government deficit was reduced.
B) The capital/output ratio probably rose.
C) There was an increase in labour input.
D) Unemployment probably increased.
Answer: C
Diff: 3 Type: MC Page Ref: 2
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