This Tutorial contains 4 Set of Week 1 Quiz (All Questions Listed Below)       ECO 203 Week 2 Quiz 1     1. �    Question : �   All but which one of the following are possible benefits of economic growth? 2. �    Question : �   A country is in a recession if 3. �    Question : �   All but one of the following will shift the aggregate supply curve to the right. 4. �    Question : �   The labor force is composed of 5. �    Question : �   When the jobs available in a market don’t fit the skills of those looking for work, the economy is experiencing 6. �    Question : �   If aggregate demand increases and the aggregate supply curve is upward sloping and unchanged, 7. �    Question : �   Cyclical unemployment is a function of 8. �    Question : �   During the expansionary phase of the business cycle, it is likely that real 9. �    Question : �   The typical aggregate demand curve 10. �  Question : �   The turning points of the business cycle are called     ECO 203 Week 2 Quiz 2     1. �    Question : �   A very important fact about national income accounting is that 2. �    Question : �   Who is NOT a loser in inflation? 3. �    Question : �   Cyclical unemployment is a function of 4. �    Question : �   A country is in a recession if 5. �    Question : �   Which of the following is a criticism of the CPI? 6. �    Question : �   If taxes increase and the AS curve is upward sloping, then 7. �    Question : �   The presence of discouraged workers may cause 8. �    Question : �   Which of the following is a result of slow economic growth? 9. �    Question : �   During the expansionary phase of the business cycle, it is likely that real 10. �  Question : �   The turning points of the business cycle are called   set   2   1. �    Question : �   All but one of the following factors may contribute to slow growth of productivity in the United States: 2. �    Question : �   Policies to reduce fluctuations in output and employment are called 3. �    Question : �   When the jobs available in a market don’t fit the skills of those looking for work, the economy is experiencing 4. �    Question : �   Which of the following is a result of slow economic growth? 5. �    Question : �   All but one of the following will shift the aggregate supply curve to the right. 6. �    Question : �   Cyclical unemployment is a function of 7. �    Question : �   The turning points of the business cycle are called 8. �    Question : �   All but which one of the following are possible benefits of economic growth? 9. �    Question : �   As an economy recovers from a trough in the business cycle, 10. �  Question : �   Which form of unemployment will probably last for the shortest time for a given worker?     ECO 203 week 2 Quiz 3     1. �    Question : �   GDP is defined as 2. �    Question : �   The transfer of funds from savers to business investors takes place in the 3. �    Question : �   The curve that shows quantities of total real output that will be offered for sale at various price levels is called the 4. �    Question : �   The turning points of the business cycle are called 5. �    Question : �   Which of the following is a criticism of the CPI? 6. �    Question : �   Who is most likely to be a winner during inflationary times? 7. �    Question : �   All but one of the following factors may contribute to slow growth of productivity in the United States: 8. �    Question : �   Which of the following is a result of slow economic growth? 9. �    Question : �   If aggregate demand increases and the aggregate supply curve is upward sloping and unchanged, 10. �  Question : �   During the expansionary phase of the business cycle, it is likely that real   ECO 203 Week 2 Quiz     1. �    Question : �   Who is most likely to be a winner during inflationary times? 2. �    Question : �   A very important fact about national income accounting is that 3. �    Question : �   Policies to reduce fluctuations in output and employment are called 4. �    Question : �   All but which one of the following are possible benefits of economic growth? 5. �    Question : �   In the circular flow model, how can households use their income? 6. �    Question : �   The curve that shows quantities of total real output that will be offered for sale at various price levels is called the 7. �    Question : �   Cyclical unemployment is a function of 8. �    Question : �   The government component of GDP includes government expenditures on 9. �    Question : �   An increase in the money supply 10. �  Question : �   Which of the following is a criticism of the CPI?   Week 2 Quiz Set 5   1. �    Question : �  The term “recession”� refers to a  2. �   Question : �  Who is NOT a loser in inflation?  3. �   Question : �  The transfer of funds from savers to business investors takes place in the  4. �   Question : �  If taxes increase and the AS curve is upward sloping, then  5. �   Question : �  The turning points of the business cycle are called  6. �   Question : �  As an economy recovers from a trough in the business cycle,  7. �   Question : �  Short-term unemployment while searching for a new job is called  8. �   Question : �  Economists use the phrase “business cycle” when discussing  9. �   Question : �  In the circular flow model, how can households use their income?  10. � Question : �  The curve that shows quantities of total real output that will be offered for sale at various price levels

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