BAMM-6101 - Macroeconomics Theory and Practice oed answer key
Showing 41 to 60 of 132 total answers.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
The production possibilities curve is often referred to as a ___________.
Answer
FrontierCorrect
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Percentage of Change = ending value- starting value /starting value x 100.
Answer
ending value- starting value /starting value x
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Political Science is the study of mankind in the ordinary business of life.
Answer
FALSECorrect
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Awesome StudentQuestion • Macroeconomics Theory and Practice
The test of a proposition or theory using actual observations or numbers is
Answer
Empirical Study
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Awesome StudentQuestion • Macroeconomics Theory and Practice
GDP Deflator = Nominal (current-dollar) GDP /Real (constant-dollar) GDP * 100
Answer
TRUE
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Awesome StudentQuestion • Macroeconomics Theory and Practice
_________ represents a combination of percentage change and marginal analysis.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
___________ is the amount of labor demanded by firms at a given real wage rate.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Microeconomic demand and supply curves depend on differences in ________ prices
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Awesome StudentQuestion • Macroeconomics Theory and Practice
_________ is a very small increase of decrease in the quantity of some variable.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
A legal requirement that maintains the market price below the equilibrium price.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
The point where the curve crosses the vertical axis is referred as ____________.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
____________consists of transactions that are not documented for various reasons.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Deflation Rate = Price Index Year 2 - Price Index Year 1 /Price Index Year 1 * 100
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Awesome StudentQuestion • Macroeconomics Theory and Practice
Quantity of goods and services that can be purchased with a given amount of money.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
What do you call the hours (not rendered) beyond government mandated hour work week
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Awesome StudentQuestion • Macroeconomics Theory and Practice
What is the value of total output (nominal GDP) corrected for any changes in prices.
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Awesome StudentQuestion • Macroeconomics Theory and Practice
__________________ - the market value of final goods and services (i.e., sold to final
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Awesome StudentQuestion • Macroeconomics Theory and Practice
What do you call the hours (not rendered) beyond government mandated 40 hour work week
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Awesome StudentQuestion • Macroeconomics Theory and Practice