Q14.

If Marta, a full-time worker starts working part-time to spend more time with her family, the

Select one:

a.official unemployment rate will fall.

b.economy will move away from the full employment.

c.official unemployment rate will not change.

d.official unemployment rate will increase

Q15.

The inflation rate

Select one:

a.all of the given answers are correct

b.cannot be negative

c.will always be lower during a recession

d.is equal to the percentage change in the price level between time periods.

Q17.

Which of the following is considered a negative supply shock?

Select one:

a.A decline in wages

b.An unexpected large increase in the government bond yields

c.An improvement in video-conferencing technology

d.Government-mandated shut-down of the retail sector to prevent a spread of a virus

Q18.

Monetary policy primarily affects macroeconomic equilibrium in the economy by

Select one:

a.changing the Aggregate Demand

b.changing the Long-Run Aggregate Supply

c.changing the Short-Run Aggregate Supply

d.Changing both the Aggregate Demand and Long-Run Aggregate Supply

Q19.

Fiat money

Select one:

a.none of the answers is correct

b.is the primary reason why some economies experience deflation

c.can serve as a medium of exchange, but not as a store of value.

d.is the term that originated in Italy to denote banknotes convertible into gold.

Q20.

The current account deficit can decrease because of

Select one:

a.A decrease in exports

b.decrease in the amount of income going to foreigners who own investments in the coutnry

c.An increase in imports

d.all answers are correct