Oxford University Press - Online Resource Centres

King: Economics

Chapter 24

Instructions

Answer the following questions and then press 'Submit' to get your score.

Question 1

Which of the following statements is false?

Question 2

When is a country said to move into a recession?

Question 3

Which of the following statements about classical economists in the 19th century is false?

Question 4

On which of the following do Keynesians and monetarists agree?

Question 5

Which of the following statements about the accelerator model of cycles is false?

Question 6

In this question, ignore new classical economists who propose real business cycle theory. Which of the following statements is false?

Question 7

Which of the following is not part of the real business cycle explanation of business cycles?

Question 8

Which of the following statements about real business cycle theory is false?

Question 9

Which of the following statement about the automatic stabilizer created by government taxes and spending is false?

Question 10

What are the implications of the automatic stabilizer created by government taxes and spending on the effects of shocks in long-run aggregate supply?.