Chapter
1. Macroeconomics: A Look at the Big Picture
1.1
Econ Tutorial
As you progress through the tutorial, the question sequences will become available. You must complete all the question sequences to receive credit for this tutorial.
Tutorial
Econ Tutorial
Macroeconomics: A Look at the Big Picture
As you progress through the tutorial, the question sequences will become available. You must complete all the question sequences to receive credit for this tutorial.
You have completed 0 question sequences out of 5.
Question 1 of 1
Questions
2
23
Question
Assume that 15 million people are unemployed, 180 million people are employed, and the total population is 250 million. What is the unemployment rate?
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B.
C.
D.
No, that's not it. The labor force = 180 million + 15 million = 195 million. The unemployment rate = (# unemployed/labor force) x 100 = (15 million/195 million) x 100 = (.077) x 100 = 7.7%.
Great job!
No, that's not it. The labor force = 180 million + 15 million = 195 million. The unemployment rate = (# unemployed/labor force) x 100 = (15 million/195 million) x 100 = (.077) x 100 = 7.7%.
Great job!
Question 1 of 3
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34
Question
Given the illustration of the business cycle, which of the following illustrates an expansion?
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C.
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Given the illustration of the business cycle, which of the following illustrates a peak?
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B.
C.
D.
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Given the illustration of the business cycle, which of the following illustrates a trough?
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B.
C.
D.
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Question 1 of 1
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4
Question
Macroeconomics tries to explain the causes of recessions and expansions or which type of fluctuations in the economy?
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B.
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7
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What are the two types of stabilization policy called?
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B.
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14
Question
An economy that conducts a substantial amount of trade with the rest of the world is called a(n) _______?
