BAMM-6101 - Macroeconomics Theory and Practice oed answer key
Showing 1 to 20 of 132 total answers.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Recession is
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A period of decline in total output, income, employment, and trade, usually lasting from six months to a yearCorrect
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Awesome StudentQuestion • Macroeconomics Theory and Practice
GDP Per Capita
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Total GDP/Total PopulationCorrect
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Economic growth is
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The change in the physical output of an economy, typically measured as the change in Real GDPCorrect
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Ceteris paribus, means
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Other things being equalCorrect
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Law of Demand Ceterus Paribus
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Everything else unchangedCorrect
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Consumer Price Index (CPI) includes
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Awesome StudentQuestion • Macroeconomics Theory and Practice
GDP Deflator = Nominal GDP/Real GDP x 100
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Deflation = Decrease in average level of prices
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Analysis of the behavior of an economy as a whole.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Percentage decline in the average level of prices.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Percentage increase in the average level of prices.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
The fundamental method of exchange is ____________.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
___________ = (Number Unemployed / Labor Force) * 100
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Awesome StudentQuestion • Macroeconomics Theory and Practice
A recession that is major both in scale and duration.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
A _______ is the opposite situation of a price ceiling.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
A line showing X and Y pair is referred as ____________.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Tangible things that satisfy people's wants and desires.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Intangible but useful activities that are valued by people.
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Awesome StudentQuestion • Macroeconomics Theory and Practice