23.

A recession occurs when real GDP ________Required to answer. Single choice.

decreases

increases

24.

fluctuations in price bring uncertainty and instability

to the economyRequired to answer. Single choice.

True

False

25.

The GDP deflator, also called the_______________Required to answer. Single choice.

implicit price deflator for GDP

explicit price deflator for GDP

26.

Development of technology shifts the investment demand curve to the rightRequired to answer. Single choice

true

false

27.

what are the components of income____________________Required to answer. Single choice.

Y=C + I + G + NX

Y=C + I + G + Imp

Y=C + I + G +exp

28.

Which of the following would not influence the rate of inflation?Required to answer. Single choice.

The rate at which prices are rising

Whether the rate was expected

The number of people affected by inflation

29.

When prices rise at an extraordinarily fast rate, it is calledRequired to answer. Single choice.

hyperinflation

deflation

hypo inflation

30.

Theory of consumption function explains relationship between...........Required to answer. Single choice.

consumption and investment

consumption & income

consumption & saving

31.

If Japan exports more than it importsRequired to answer. Single choice.

Japan is running a trade deficit

Japan's net exports are negative

Japan's net capital outflow must be positive

32.

Inventoryis classified as a ..............on a company's balance sheet Required to answer. Single choice.

previous assets

current asset