26- The peak of the business cycle is characterized by the following.Choose all that apply.

a.

Higher rates of inflation

b.

Real incomes fall

c.

High unemployment levels

d.

High levels of manufacturing activity

27 - Anthony recently graduated from college and is looking for work.Which employment category would Anthony fall under?

a.

Employed

b.

Discouraged

c.

Unemployed

d.

Not in the Labor Force

36 - In a two good economy, only burritos and t-shirts are sold.In 2014, the base year, the price of a burrito was $7.50 and 200 burritos were sold.Meanwhile, in 2014, the price of a t-shirt was $5.00, and 1000 were sold.In 2015, the price of a burrito was $9.00 and 150 burritos were sold, and the price of a t-shirt was $6.00 and 900 t-shirts were sold.What was the Nominal GDP for 2015?

39 - The expenditures approach of calculating GDP can be written algebraically as Y = C + I + G + NX

Select one:

True

False