Macroeconomics Questions

In the context of output gaps and the business cycle, state when there is the greatest upward pressure on inflation and explain why.

The growth of aggregate labor hours in the United States is slowing down. What has been cited as one of the main reasons explaining this slowdown?

Which of the following is the most common form of money?

In terms of the catch-up line for advanced countries from 1960 to 2005, New Zealand is an example of a country that

Which indicators of conditions in the labor market are sensitive to measurement errors of the labor force?

If the exchange rate between the dollar and the euro is equal to €0.8 per $1.00, then what is the U.S. dollar cost of a German-made Porsche costing €45,000?

The coefficient on the growth of capital per hour of work in the growth accounting formula is

Which of the following is the best example of an embodied technological change?

The person who figured out that it is best to keep the milk, bread, and eggs at the back of the grocery store and not at the front probably did not profit as much from this idea as the grocery industry as a whole did. This is because

Suppose real GDP in 2015 is $6,105 billion. If the forecasted rate of growth for the year 2016 is 2.75 percent, then in the year 2016, real GDP will be

Suppose real GDP in 2015 is $15,500 billion, and the forecast for real GDP in 2016 is $15,950 billion, then the forecast of real GDP growth for the year 2016 was

Which of the following would cause the national saving rate to increase for any given interest rate?

About what percentage of M2 is currency?

Describe the condition that would have exist for a lender to increase his or hers purchasing power at the end of the length of the loan.

The quantity equation tells us that, in the long run, when the economy is at potential GDP, an increase in the growth of the money supply will

According to the data in Exhibit 8-1, the employment-to-population ratio is

A movie star was paid $1 million in 1960 to do a movie. The CPI was 29.3 in 1960 and the CPI in 2014 was 240. Approximately how much did the movie star earn in 2014 dollars?

Refer to Exhibit 6-1. Prices rose by __________ percent from Year 2 to Year 3.

If the CPI is 230 in year 1 and 249 in year 2, what is the approximate percentage change in prices between the two years?

Suppose the government share of GDP is 20 percent and the consumption, investment, and net export shares of GDP are 60, 15, and 5 percent, respectively. If the federal government introduces a national sales tax (a federal tax on consumption), then we would expect