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b. Depression
c. Deflation
d. Deterioration
Question 2 Quantity of goods and services that can be purchased with a given amount of money.
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a. Purchasing Power
1.00
b. Producer Price Index
c. Price Stability
d. None of the above
Question 3 Percentage of Change = ending value- starting value /starting value x 100.
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True
False
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Question 4 __________ a variable that depends on the value of the independent variable(s) can be seen in the left side of the equation.
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a. Dependent variable
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b. Independent variable
Question 5 __________ is also referred to as a direct relationship. As the value of X increases, the value of Y increases.
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a. Neutral
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b. None of the choices
c. Positive
d. Negative
Question 6 The point where the curve crosses the vertical axis is referred as ____________.
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a. None of the above
b. Intercept
c. Inverse
d. Direct
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Question 7 The test of a proposition or theory using actual observations or numbers is
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a. Empirical Study
b. Scientific Study
c. Comparative Study
d. None of the choices
d. Imports
Question 10 One of the Macroeconomic objectives is to develop better laws and government policies to maximize welfare of the society.
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