Test Bank for Macroeconomics, 10th Edition

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1Macroeconomics, 10e(Abel/Bernanke/Croushore)Chapter 1Introduction to Macroeconomics1.1What Macroeconomics Is About1) Which of the following isnota topic of macroeconomics?A) Why nations have different rates of growth.B) What causes inflation and what can be done about it.C) What factors contribute to the presence of monopolies in the economy.D) Why unemployment periodically reaches very high levels.Answer: CDiff: 1Topic: Section: 1.1Question Status: New2) The two major reasons for the tremendous growth in output in the U.S. economy over the last125 years areA) population growth and low inflation.B) population growth and increased productivity.C) low unemployment and low inflation.D) low inflation and low trade deficits.Answer: BDiff: 1Topic: Section: 1.1Question Status: Previous Edition3) The main reason that the United States has such a high standard of living isA) low unemployment.B) high average labor productivity.C) low inflation.D) high government budget deficits.Answer: BDiff: 1Topic: Section: 1.1Question Status: Previous Edition4) Which of the following factors are most important fordetermining the economic growth of acountry?A) The country's level of resourcesB) The independence of the country's central bankC) The country's rates of saving and investmentD) The level of sophistication of a country's financial marketsAnswer: CDiff: 1Topic: Section: 1.1Question Status: Previous Edition

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Economics

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Macroeconomics by De Andrew B. Abel...

Test Bank for Macroeconomics, 10th Edition

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