[{"id":213620,"question":"Which of the following macro economic variables is the most seasonally pro cyclical.","choices":[{"text":"Expenditure on services","value":"A"},{"text":"The unemployment rate","value":"B"},{"text":"Expenditure on durable goods","value":"C"},{"text":"The real wage","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213619,"question":"Industries that are extremely sensitive to the business cycle are the.","choices":[{"text":"Durable goods and service sectors","value":"A"},{"text":"Nondurable goods and service sectors.","value":"B"},{"text":"Capital goods and nondurable goods sectors.","value":"C"},{"text":"Capital goods and durable goods sectors.","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213618,"question":"Which of the following macroeconomic variables is procyclical and lags the business cycle.","choices":[{"text":"Business fixed investment","value":"A"},{"text":"Empolyment","value":"B"},{"text":"Stock prices","value":"C"},{"text":"Nominal interest rates","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213617,"question":"Which of the following macro economics variables is a cyclical.","choices":[{"text":"Real interest rates","value":"A"},{"text":"Unemployment","value":"B"},{"text":"Money supply","value":"C"},{"text":"Consumption","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213616,"question":"Which of the following macro economic variables is procyclical and coincident with the business cycle.","choices":[{"text":"Residential investment","value":"A"},{"text":"Nominal interest rates","value":"B"},{"text":"Industrial production","value":"C"},{"text":"Unempolyment","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213615,"question":"An economic variable that moves in the opposite direction as aggregate economic activity up in is called.","choices":[{"text":"Pro cyclical","value":"A"},{"text":"Countercyclical","value":"B"},{"text":"A cyclical","value":"C"},{"text":"A leading variable","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":213614,"question":"An economics variable that moves in the same direction as aggregate economic activity is called.","choices":[{"text":"Countercyclical","value":"A"},{"text":"Procyclical","value":"B"},{"text":"A cyclical","value":"C"},{"text":"A leading variable","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":213613,"question":"Peaks and trough of the business cycle are known collectively as.","choices":[{"text":"Volatility","value":"A"},{"text":"Turning points","value":"B"},{"text":"Equilibrium point","value":"C"},{"text":"Real business cycle events","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":213612,"question":"When aggregate economic activity is declining , the economy is said to be in.","choices":[{"text":"A contraction","value":"A"},{"text":"An expansion","value":"B"},{"text":"A trough","value":"C"},{"text":"A turning point","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213611,"question":"When aggregate economic activity increasing the economy is said to be in.","choices":[{"text":"An expansion","value":"A"},{"text":"A contraction","value":"B"},{"text":"A peak","value":"C"},{"text":"A turning point","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213610,"question":"The low point in the business cycle is referred to as the","choices":[{"text":"Expansion","value":"A"},{"text":"Boom","value":"B"},{"text":"Trough","value":"C"},{"text":"Peak","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213609,"question":"The through of a business cycle occurs when ______ hits its lowest point.","choices":[{"text":"Inflation","value":"A"},{"text":"The money supply","value":"B"},{"text":"Aggregate economic activity","value":"C"},{"text":"The unemployment rate","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213608,"question":"Which of the following changes shifts the SRAS curve down.","choices":[{"text":"An increase in the labor force","value":"A"},{"text":"An increase in the money supply","value":"B"},{"text":"A decrease in government purchases","value":"C"},{"text":"A decrease in firms costs","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":213607,"question":"Which of the following changes shifts the long run aggregate supply curve to the right.","choices":[{"text":"A demographic change that increases the labor supply","value":"A"},{"text":"A decrease in the demand for labor","value":"B"},{"text":"An increase in consumer confidence","value":"C"},{"text":"A decrease in taxes","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213606,"question":"Which of the following changes shifts the SRAS curve up.","choices":[{"text":"Ani increases in the labor force","value":"A"},{"text":"A decrease in government purchases","value":"B"},{"text":"An increase in firms costs","value":"C"},{"text":"An increase in the money supply","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213605,"question":"The long run aggregate supply curve.","choices":[{"text":"Is vertical","value":"A"},{"text":"Slopes upward","value":"B"},{"text":"Is horizontal","value":"C"},{"text":"Slopes downward","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213604,"question":"The long run aggregate supply curve","choices":[{"text":"Is vertical","value":"A"},{"text":"slopes upward","value":"B"},{"text":"Is horizontal","value":"C"},{"text":"Slopes downward","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213603,"question":"The short run aggregate supply curve the absence of misperceptions.","choices":[{"text":"Is vertical","value":"A"},{"text":"Slopes upward","value":"B"},{"text":"Is horizontal","value":"C"},{"text":"Slopes downward","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":213602,"question":"Which of the following changes shifts the AD curve up and to the right.","choices":[{"text":"A rise in the nominal money supply","value":"A"},{"text":"An increase in income taxes","value":"B"},{"text":"An increase in the risk on nonmonetary assets","value":"C"},{"text":"A decreasing the future marginal productivity of capital.","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":213601,"question":"Which of the following changes shifts the AD curve down and to the left.","choices":[{"text":"A temporary increase in government purchases.","value":"A"},{"text":"A rise in the nominal money supply","value":"B"},{"text":"A decrease in corporate taxes","value":"C"},{"text":"A decrease in consumer confidence","value":"D"},{"value":"E"}],"correctAnswer":4}]