CIS 175 WEEK 10 QUIZ 9
CIS 175 Week 10 Quiz 9
This quiz consist of 15 multiple choice questions and covers the material
in Chapter 13.
1.
To expand the
level of economic activity, it is necessary that
2.
Which price
index is also known as the cost-of-living index?
3.
The
psychological law of consumption tells us the marginal propensity to consume
will be
4.
Technological
change in an industry that historically required specific labor skills will
lead to
5.
In an economy
like that of the US, due to a variety of institutional and social factors,
wages tend to be
6.
When individuals
want to work, but give up looking for a job because they feel there will never
be one available, they are considered
7.
Unemployment
rates tend to rise when
8.
Injections in
the circular flow consist of
9.
A person is
considered unemployed if the person is
10.
People who are
in the process of changing jobs are classified in the category of
11.
If inflation is
not observable in the form of rising prices, it is called
12. Aggregate demand
13.
Leakages in the
circular flow consist of
14.
Which of the
following types of unemployment is considered long-term, hardcore unemployment?
15.
The Phillips
curve depicts the relationship between
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