ECO 372 Week 1 Knowledge Check NEW

1
UOP ECO 372 Week 1 Knowledge Check NEW
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ECO 372 Week 1 Knowledge Check NEW 1. The two
frameworks conventional economists generally use
to analyze macroeconomic issues are 2. The
relationship between real and nominal interest
rate can be expressed by 3.Which of the following
economic activities would be included in the U.S.
domestic gross product (GDP)? 4.Cyclical
unemployment is defined as unemployment
that results from
2
5.The longest business cycle expansion in U.S.
history occurred in the 10 years from 6.Economics
is the study of how 7.Given that diesel cars get
much better gas mileage than the typical car, an
increase in the price of gasoline would
be expected
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