BEC Quiz 6

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Question 1 of 1

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146225

300

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The graph of average total cost is a "U"‐shaped curve.

Select the correct answer(s).

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146226

300

none

Assume increased capital investment results in higher levels of output of goods; but demand remains unchanged. What will be the likely effect on aggregate equilibrium quantity and price if a Keynesian supply curve is assumed and the level of aggregate demand is at greater than full employment?

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146227

300

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Compensating controls must be present for a system to be considered adequate.

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146228

300

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The law of diminishing returns begins to operate when marginal output per unit of input begins to decrease.

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146229

300

none

The controller of Gray; Inc. has decided to use ratio analysis to analyze business cycles for the past two years in an effort to identify seasonal patterns. Which of the following formulas should be used to compute percentage changes for account balances for year 1 to year 2?

Select the correct answer(s).

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146230

300

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Macroeconomics is concerned with the study of the economic behavior of individual decision‐making units.

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146231

300

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When total utility derived from a commodity is increasing; marginal utility also will be increasing.

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146232

300

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M1 is the least inclusive definition of money.

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146233

300

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The Federal Reserve System seeks to achieve national economic objectives through its exercise of

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146234

300

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Gross domestic product (GDP) is a measure of

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146235

300

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BEC Quiz 6

Question 1 of 1

Time Left

The graph of average total cost is a "U"‐shaped curve.

Select the correct answer(s).

(0/0)

Assume increased capital investment results in higher levels of output of goods; but demand remains unchanged. What will be the likely effect on aggregate equilibrium quantity and price if a Keynesian supply curve is assumed and the level of aggregate demand is at greater than full employment?

Select the correct answer(s).

(0/0)

Compensating controls must be present for a system to be considered adequate.

Select the correct answer(s).

(0/0)

The law of diminishing returns begins to operate when marginal output per unit of input begins to decrease.

Select the correct answer(s).

(0/0)

The controller of Gray; Inc. has decided to use ratio analysis to analyze business cycles for the past two years in an effort to identify seasonal patterns. Which of the following formulas should be used to compute percentage changes for account balances for year 1 to year 2?

Select the correct answer(s).

(0/0)

Macroeconomics is concerned with the study of the economic behavior of individual decision‐making units.

Select the correct answer(s).

(0/0)

When total utility derived from a commodity is increasing; marginal utility also will be increasing.

Select the correct answer(s).

(0/0)

M1 is the least inclusive definition of money.

Select the correct answer(s).

(0/0)

The Federal Reserve System seeks to achieve national economic objectives through its exercise of

Select the correct answer(s).

(0/0)

Gross domestic product (GDP) is a measure of

Select the correct answer(s).

(0/0)

Which one of the following actions would not be taken by the Federal Reserve System to stimulate the economy?

Select the correct answer(s).

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The law of diminishing marginal utility states that

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