Homework Answers
The curve in the figure at right will shift to the right when labor productivity increases. Hence, option(C) is correct.
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The curve in the figure at right will shift to the right when O A. population...
QUESTION 6 The aggregate demand curve would shift to the right as a result of a...
QUESTION 6 The aggregate demand curve would shift to the right as a result of a drop in the foreign exchange value of the dollar. a decrease in the amount of money in circulation. a drop in the price level. tax increases. QUESTION 16 According to Keynesian economics using the modern short-run aggregate supply curve, if there are unutilized resources in the economy and the aggregate demand decreases real GDP will fall and price level will fall. real GDP will...
Explain the effect of each of the following events on Mexico's aggregate demand. If the government...
Explain the effect of each of the following events on Mexico's aggregate demand. If the government of Mexico cuts income taxes, Mexico's aggregate demand O A. increases, and the aggregate demand curve shifts leftward O B. increases, and the aggregate demand curve shifts rightward O C. is unchanged, but the price level falls and quantity of real GDP demanded increases OD. decreases because it decreases the amount the government can spend O E. is unchanged because it just decreases the...
5&6 5. Other things equal, if labor productivity improves, the: A. aggregate demand curve would shift...
5&6
5. Other things equal, if labor productivity improves, the: A. aggregate demand curve would shift to the right. B. aggregate supply curve would shift to the left. C. aggregate supply curve would shift to the right. D. aggregate demand curve would shift to the left. Please answer question 6 by referring to the following Aggregate Supply curve. Price level AP Aggregate Supply "Flat" range FOREVE Real GDP 6. The flat portion of the Aggregate Supply curve is characterized by...
The upward-sloping AS-curve will shift eventually to the left if O labor productivity increases O actual...
The upward-sloping AS-curve will shift eventually to the left if O labor productivity increases O actual output is lower than the full-employment level O actual output is higher than the full-employment level o the markup over labor cost falls
JUU: ON IL 19 01 5.1-20 Diminishing marginal returns do not exist for increases in O...
JUU: ON IL 19 01 5.1-20 Diminishing marginal returns do not exist for increases in O A. capital stock. O B. total factor productivity. O C. labor. OD. Diminishing marginal returns exist for all of the above answers. Click to select your answer and then click Check Answer. All parts showing Clo 20 of 27 (8 complete) HW Score: 27.78%, 7.5 of Score: 0 of 1 pt 5.1-22 Question Help Real GDP, Y (billions of dollars) All else equal, an...
a ) Which of the following two events will cause the demand curve for paid cell phone games to shift to the left? ...
a ) Which of the following two events will cause the demand curve for paid cell phone games to shift to the left? The price of cell phones games rises. The Apple Store increases the fees for hosting cell phone games. The quality of free playing games declines. b)Which of the following events will shift the labor supply curve to the left? (choose all right answer ) Wages begin to rise. The economy falls into a recession. Labor productivity falls.
Inflationary pressure in the AS-AD model can be shown as a leftward shift of the AD...
Inflationary pressure in the AS-AD model can be shown as a leftward shift of the AD curve when the economy is already producing at its potential GDP. supply shock that shifts the AS to the right. rightward shift of the AD curve when the economy is already producing at its potential GDP. Typically, if consumer and business confidence is high then ________ and if consumer and business confidence is low then ________. AD shifts to the left; AD shifts to...
If the price level increases, then O A. the aggregate demand curve will shift to the...
If the price level increases, then O A. the aggregate demand curve will shift to the left. O B. the aggregate demand curve will shift to the right. O C. there will be a movement up along a stationary aggregate demand curve. O D. none of the above will occur.
When the money demand curve shifts right and the money supply is unchanged, the equilibrium price...
When the money demand curve shifts right and the money supply is unchanged, the equilibrium price level decreases and the equilibrium value of money increases. true false The money supply in Grayfield is $8 billion. Nominal GDP is $32 billion and real GDP is $24 billion. The central bank of Grayfield has instituted a policy of zero inflation. Assuming that velocity is stable, if real GDP grows by 2.5 percent this year then the central bank of Grayfield will increase...
1) The long-run aggregate supply curve would shift right if immigration from abroad Select one: a....
1) The long-run aggregate supply curve would shift right if immigration from abroad Select one: a. increased or Congress made a substantial increase in the minimum wage. b. decreased or Congress abolished the minimum wage. c. increased or Congress abolished the minimum wage. d. decreased or Congress made a substantial increase in the minimum wage. 2) Refer to Optimism. How is the new long-run equilibrium different from the original one? Optimism Imagine that the economy is in long-run equilibrium. Then,...
QUESTION 6 The aggregate demand curve would shift to the right as a result of a drop in the foreign exchange value of the dollar. a decrease in the amount of money in circulation. a drop in the price level. tax increases. QUESTION 16 According to Keynesian economics using the modern short-run aggregate supply curve, if there are unutilized resources in the economy and the aggregate demand decreases real GDP will fall and price level will fall. real GDP will...
Explain the effect of each of the following events on Mexico's aggregate demand. If the government of Mexico cuts income taxes, Mexico's aggregate demand O A. increases, and the aggregate demand curve shifts leftward O B. increases, and the aggregate demand curve shifts rightward O C. is unchanged, but the price level falls and quantity of real GDP demanded increases OD. decreases because it decreases the amount the government can spend O E. is unchanged because it just decreases the...
5&6
5. Other things equal, if labor productivity improves, the: A. aggregate demand curve would shift to the right. B. aggregate supply curve would shift to the left. C. aggregate supply curve would shift to the right. D. aggregate demand curve would shift to the left. Please answer question 6 by referring to the following Aggregate Supply curve. Price level AP Aggregate Supply "Flat" range FOREVE Real GDP 6. The flat portion of the Aggregate Supply curve is characterized by...
The upward-sloping AS-curve will shift eventually to the left if O labor productivity increases O actual output is lower than the full-employment level O actual output is higher than the full-employment level o the markup over labor cost falls
JUU: ON IL 19 01 5.1-20 Diminishing marginal returns do not exist for increases in O A. capital stock. O B. total factor productivity. O C. labor. OD. Diminishing marginal returns exist for all of the above answers. Click to select your answer and then click Check Answer. All parts showing Clo 20 of 27 (8 complete) HW Score: 27.78%, 7.5 of Score: 0 of 1 pt 5.1-22 Question Help Real GDP, Y (billions of dollars) All else equal, an...
If the price level increases, then O A. the aggregate demand curve will shift to the left. O B. the aggregate demand curve will shift to the right. O C. there will be a movement up along a stationary aggregate demand curve. O D. none of the above will occur.
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