Homework Answers
Option B. She is not structurally unemployed because there are no structural changes responsible for her job loss. Also she has left voluntarily so it is not cyclical either. Since she is looking for job she is still unemployed
Option A. Clearly, they are structurally unemployed because there are structural changes responsible for the job loss in terms of new technology
Option D. Rise in the price of corn does not imply inflation because inflation is increase in general price level. But this event causes supply to decrease and so it is a result of changes in demand and supply
Option A
Option A
Option A
Option A
Option A
Option B
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Samantha quits her job voluntarily and actively searches for other work, then she is considered A)...
If Samantha quits her job voluntarily and actively searches for other work, then she is considered...
If Samantha quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed. C) cyclically unemployed. D) not to be unemployed. Telephone operators who have lost their jobs as a result of computerized switchboards are an example of A) structural unemployment. B) frictional unemployment. C) cyclical unemployment. D) voluntary unemployment. The floods of 1993 caused the price of corn to increase. This is an example of A) inflation. B) deflation C)...
TUTALT Macro - Fall 2019 Quiz 3 Chapter 22 & 23 NAME If Samantha quits her...
TUTALT Macro - Fall 2019 Quiz 3 Chapter 22 & 23 NAME If Samantha quits her job voluntarily and actively quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed. place C) cyclically unemployed. D) not to be unemployed. Telephone operators who have lost their jobs as a result of computerized switchboards are an example of A) structural unemployment. B) frictional unemployment. C) cyclical unemployment. D) voluntary unemployment. The floods...
if Samantha quits her job voluntarily and actively searches for other work, then she is considered...
if Samantha quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed. C) cyclically unemployed. D) not to be unemployed.
The broadest-based price index available is the A) GDP deflator. B) producer price index. C) consumer price index....
The broadest-based price index available is the A) GDP deflator. B) producer price index. C) consumer price index. D) wholesale price index. The MPC is A) the change in consumption divided by the change in income. B) consumption divided by income. C) the change in consumption divided by the change in saving. D) the change in saving divided by the change in income. The MPS is A) the change in saving divided by the change in income. B) 1 +...
The MPC is A) the change in consumption divided by the change in income. B) consumption divided by income. C) the c...
The MPC is A) the change in consumption divided by the change in income. B) consumption divided by income. C) the change in consumption divided by the change in saving. D) the change in saving divided by the change in income. The MPS is A) the change in saving divided by the change in income. B) 1 + MPC C) income divided by saving. D) total saving divided by total income Saving equals A) Y-C. B) Y - planned 1....
Practice Questions (Chapter 8 (Note: In order to provide some incentives, your scores will be recorded...
Practice Questions (Chapter 8 (Note: In order to provide some incentives, your scores will be recorded and the top 20% scorers of practice questions at the end of the semester will receive some extra credit.) 1. Aggregate consumption will certainly increase if a) income increases and wealth decreases. b) income increases and interest rates decrease. c) interest rates increase and household wealth decreases. d) interest rates increase and consumer confidence about the future strengthens. 2. The MPC is a) the...
Keynesian Consumption Function (billions of dollars per year) Real disposable income Consumption Saving MPC MPS $100...
Keynesian Consumption Function (billions of dollars per year) Real disposable income Consumption Saving MPC MPS $100 200 300 400 500 $150 200 250 300 350 a.) Calculate the saving schedule. b. Determine the marginal propensities to consume (MPC) and save (MPS). c. Determine the break-even income. d.) What is the relationship between the MPC and the MPS? 3. Explain why the MPC and the MPS must always add up to one. 4. How do households "dissave" 5. Explain how each...
A price index is A) a measurement showing how the average price of a bundle of...
A price index is A) a measurement showing how the average price of a bundle of goods changes over time. B) a measurement showing the cost of a bundle of goods at a point in time. C) a sustained increase in the overall price level. D) a decrease in the overall price level.
If you earn additional $500 in disposable income one week for painting your neighbor's house A) the total of your c...
If you earn additional $500 in disposable income one week for painting your neighbor's house A) the total of your consumption and saving will increase by more than $500. B) the total of your consumption and saving will increase by $500. C) the total of your consumption and saving will increase by less than $500. D) your consumption will increase by more than $500, even if your MPS is 0.1.
Acro Fall 2019 Quiz 3 Chapter 22 & 23 TOTAL POINTS 20 If Logan received a $2,500 bonus and his MPS is 0.20, his...
Acro Fall 2019 Quiz 3 Chapter 22 & 23 TOTAL POINTS 20 If Logan received a $2,500 bonus and his MPS is 0.20, his consumption rises by $ A) 500; 100 B) 2,500; 200 C) 2,000; 500 D) 2,500; 20 NAME and his saving rises by S If consumption is $10,000 when income is $10,000, and consumption increases to $11,000 when income increases to $12,000, the MPS is A) 0.10. B) 0.25. C) 0.50. D) 0.90. If Zander's saving is...
If Samantha quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed. C) cyclically unemployed. D) not to be unemployed. Telephone operators who have lost their jobs as a result of computerized switchboards are an example of A) structural unemployment. B) frictional unemployment. C) cyclical unemployment. D) voluntary unemployment. The floods of 1993 caused the price of corn to increase. This is an example of A) inflation. B) deflation C)...
TUTALT Macro - Fall 2019 Quiz 3 Chapter 22 & 23 NAME If Samantha quits her job voluntarily and actively quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed. place C) cyclically unemployed. D) not to be unemployed. Telephone operators who have lost their jobs as a result of computerized switchboards are an example of A) structural unemployment. B) frictional unemployment. C) cyclical unemployment. D) voluntary unemployment. The floods...
if Samantha quits her job voluntarily and actively searches for other work, then she is considered A) structurally unemployed. B) frictionally unemployed. C) cyclically unemployed. D) not to be unemployed.
The broadest-based price index available is the A) GDP deflator. B) producer price index. C) consumer price index. D) wholesale price index. The MPC is A) the change in consumption divided by the change in income. B) consumption divided by income. C) the change in consumption divided by the change in saving. D) the change in saving divided by the change in income. The MPS is A) the change in saving divided by the change in income. B) 1 +...
The MPC is A) the change in consumption divided by the change in income. B) consumption divided by income. C) the change in consumption divided by the change in saving. D) the change in saving divided by the change in income. The MPS is A) the change in saving divided by the change in income. B) 1 + MPC C) income divided by saving. D) total saving divided by total income Saving equals A) Y-C. B) Y - planned 1....
Practice Questions (Chapter 8 (Note: In order to provide some incentives, your scores will be recorded and the top 20% scorers of practice questions at the end of the semester will receive some extra credit.) 1. Aggregate consumption will certainly increase if a) income increases and wealth decreases. b) income increases and interest rates decrease. c) interest rates increase and household wealth decreases. d) interest rates increase and consumer confidence about the future strengthens. 2. The MPC is a) the...
Keynesian Consumption Function (billions of dollars per year) Real disposable income Consumption Saving MPC MPS $100 200 300 400 500 $150 200 250 300 350 a.) Calculate the saving schedule. b. Determine the marginal propensities to consume (MPC) and save (MPS). c. Determine the break-even income. d.) What is the relationship between the MPC and the MPS? 3. Explain why the MPC and the MPS must always add up to one. 4. How do households "dissave" 5. Explain how each...
A price index is A) a measurement showing how the average price of a bundle of goods changes over time. B) a measurement showing the cost of a bundle of goods at a point in time. C) a sustained increase in the overall price level. D) a decrease in the overall price level.
If you earn additional $500 in disposable income one week for painting your neighbor's house A) the total of your consumption and saving will increase by more than $500. B) the total of your consumption and saving will increase by $500. C) the total of your consumption and saving will increase by less than $500. D) your consumption will increase by more than $500, even if your MPS is 0.1.
Acro Fall 2019 Quiz 3 Chapter 22 & 23 TOTAL POINTS 20 If Logan received a $2,500 bonus and his MPS is 0.20, his consumption rises by $ A) 500; 100 B) 2,500; 200 C) 2,000; 500 D) 2,500; 20 NAME and his saving rises by S If consumption is $10,000 when income is $10,000, and consumption increases to $11,000 when income increases to $12,000, the MPS is A) 0.10. B) 0.25. C) 0.50. D) 0.90. If Zander's saving is...
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