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Fresh Grad Lands Job as Real Estate Agent With Help from Professional Writers

People go to websites to get the information they desperately need.  They could be looking for an answer to a nagging question.  They might be looking for help in completing an important task.  For recent graduates, they might be looking for ways on how to prepare a comprehensive resume that can capture the attention of the hiring manager

Manush is a recent graduate from a prestigious university in California who is looking for a job opportunity as a real estate agent.  While he already has samples provided by his friends, he still feels something lacking in his resume.  Specifically, the he believes that his professional objective statement lacks focus and clarity. 

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Manush’s story shows the importance of using powerful keywords to his resume in landing the job he wanted.

Exam 3

Navigation   » List of Schools  »  Glendale Community College  »  Economics  »  Econ 102 – Principles of Macroeconomics  »  Winter 2021  »  Exam 3

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Below are the questions for the exam with the choices of answers:

Question #1
Which of the following is true about CPI?
A  CPI includes government purchases
B  CPI uses constant prices
C  CPI is measures inflation more accurately than GDP deflator
D  CPI includes imported goods
Question #2
If the Federal Reserve sells government bonds, this will
A  raise interest rates and decrease aggregate demand
B  raise interest rates and increase aggregate demand
C  lower interest rates and increase aggregate demand
D  lower interest rates and decrease aggregate demand
Question #3
A budget surplus occurs when
A  tax revenue is more than government spending
B  tax revenue is equal to government spending
C  government spending is more than tax revenue
D  tax revenue is less than government spending
Question #4
A person deposits $7500 into a bank and the reserve requirement is 25%. How much money is created?
A  $30,000
B  $67,500
C  $75,000
D  $22,500
Question #5
In the AD-AS model, what is the effect of the aggregate supply curve increasing?
A  price levels increase and real GDP increases
B  price levels increase and real GDP decreases
C  price levels decrease and real GDP decreases
D  price levels decrease and real GDP increases
Question #6
The following is considered commodity money except
A  paper notes declared legal tender
B  gold
C  copper coins
D  shells
Question #7
Changes in all of the following choices will shift the aggregate supply curve except
A  productivity
B  input prices
C  natural resources
D  net exports
Question #8
The consumer price index may be inaccurate because it does not take into effect
A  improvements in the quality of a good
B  government purchases
C  imported goods
D  depreciation in the quality of a good
Question #9
Congress passes the CARES act which gave each adult in the U.S. $1200 and provided other assistance to households and businesses. This is an example of
A  expansionary fiscal policy
B  expansionary monetary policy
C  contractionary fiscal policy
D  contractionary monetary policy
Question #10
Credit cards are in which money supply?
A  M1 and M2
B  M1 only
C  M2 only
D  credit cards are not considered money
Question #11
If the Federal Reserve lowers the reserve requirement, this will
A  lower the money multiplier and decrease the money supply
B  raise the money multiplier and increase the money supply
C  raise the money multiplier and decrease the money supply
D  lower the money multiplier and increase the money supply
Question #12
Babe Ruth’s salary was $80,000 in 1931. CPI for 2020 = 202, CPI for 1931 = 12.4. What would that be worth today?
A  $16,160,000
B  $992,000
C  $1,303,225.81
D  $4,910.89
Question #13
Contractionary fiscal policy is used to
A  lower price levels
B  raise price levels
C  stimulate the economy
D  promote GDP growth
Question #14
The Federal Reserve purchases $600,000 in government bonds. The reserve requirement is 25%. How much money is created?
A  $2,400,000
B  $15,000,000
C  $3,000,000
D  $6,000,000
Question #15
The Federal Reserve uses expansionary monetary policy to
A  recover from a recession
B  punish ordinary citizens
C  prevent hyperinflation
D  fight high inflation
Question #16
When an asset can be exchanged at a later time, this describes what function of money?
A  medium of exchange
B  unit of account
C  purchasing power
D  store of value
Question #17
The Federal Reserve raises the discount rate. This leads to
A  contractionary fiscal policy
B  contractionary monetary policy
C  expansionary monetary policy
D  expansionary fiscal policy
Question #18
Why is inflation harmful to some people?
A  when wages do not keep up with inflation, people’s purchasing power declines
B  people are able to purchase more when inflation rises
C  when wages keep up with inflation, people’s purchasing power declines
D  when wages do not keep up with inflation, people’s purchasing power increases
Question #19
When the inflation rate changes from 7% to 5%, this is an example of
A  disinflation
B  stagflation
C  inflation
D  deflation
Question #20
When a larger percentage of income is taken from low-income people than from high-income people, this is called a(n)
A  progressive tax
B  regressive tax
C  sin tax
D  excise tax
Question #21
The Federal Reserve does all of the following except
A  collect taxes
B  sets the reserve requirement
C  lender of last resort
D  keeps financial system stable
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Linda
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“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush
Fresh Graduate
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