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ECON 104 L1 To L4 With Complete Solutions Latest Update 2024
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ECON 104 L1 To L4 With Complete Solutions Latest Update 2024
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ECON 104 L1 To L4 With Complete SolutionsLatest Update 2024
Which of the following would be an example of a macroeconomic issue? Select all
that apply. - ANS The Canadian dollar becomes stronger versus the Euro.
The inflation rate in Venezuela increases by 1000% due to restrictive economic
policy.
The US Treasury issues additional government bonds to fund the deficit.
Which of the following would be an example of a macroeconomic issue? Select all
that apply. - ANS correct! None of these are macroeconomic issues.
wrong answers include:
The government taxes plastic bags to get consumers to use less.
Disney raises the price of tickets to their theme parks by 8%.
Siyi decides to rent an apartment instead of purchase a house.
True or false: Microeconomics is the study of the economy as a whole which
includes topics such as unemployment, inflation, and overall production - ANS
false
, The term per-capita means: - ANS per-person
True or false: The official unemployment rate will never reach 0%. - ANS true
The three main areas of macroeconomics that we will be discussing in this class
are: - ANS Output and Production;
Employment;
Prices
To be considered officially unemployed, one must: - ANS Percentage change in the
price level from the previous year.
True or false: The Federal Reserve Economic Database (FRED) began in the early
1990s. - ANS true
The inflation rate for a given year is measured by taking the - ANS Percentage
change in the price level from the previous year.
A sequence of data observations collected over time, usually plotted on a graph
with time on the horizontal axis, is commonly known as: - ANS time series data
L2 quiz - ANS l2 quiz answers
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