经济学原理对应练习 33.docVIP

Chapter 33 Aggregate Demand and Aggregate Supply Multiple Choice 1. Which of the following explains why production rises in most years? a. increases in the labor force b. increases in the capital stock c. advances in technological knowledge d. All of the above are correct. ANS: D PTS: 1 DIF: 1 REF: 33-1 TOP: Growth MSC: Definitional 2. On average over the past 50 years, the U.S. economy has grown at the rate of about a. 1 percent per year. b. 3 percent per year. c. 4 percent per year. d. 6 percent per year. ANS: B PTS: 1 DIF: 1 REF: 33-1 TOP: Growth MSC: Definitional 3. A short period of falling incomes and rising unemployment is called a a. depression. b. recession. c. expansion. d. business cycle. ANS: B PTS: 1 DIF: 1 REF: 33-1 TOP: Business cycle MSC: Definitional 4. During recessions a. workers are laid off. b. factories are idle. c. firms may find they are unable to sell all they produce. d. All of the above are correct. ANS: D PTS: 1 DIF: 1 REF: 33-1 TOP: Business cycle MSC: Definitional 5. During a recession the economy experiences a. rising employment and income. b. rising employment and falling income. c. rising income and falling employment. d. falling employment and income. ANS: D PTS: 1 DIF: 1 REF: 33-1 TOP: Business cycle MSC: Definitional 6. Which of the following is correct? a. Economic fluctuations are easily predicted by competent economists. b. Recessions have never occurred very close together. c. Other measures of spending, income, and production do not fluctuate closely with real GDP. d. None of the above is correct. ANS: D PTS: 1 DIF: 1 REF: 33-1 TOP: Business cycle MSC: Definitional 7. Which of the following is correct? a. Over the business cycle consumption fluctuates more than investment. b. Economic fluctuations are easy to predict. c. During recessions sales and profits tend to fall. d. Because of government policy the U.S. has suffered no recessions in the last 25 years. ANS: C PTS: 1 DIF: 1 REF: 33-1 TOP: Business cycle MSC: