Homework Answers
if aggregate expenditure falls short of real GDP, inventories will accumulate and real GDP and aggregate income will fall in the future.
the above will be answer..
because reduce consumption means there is decline in demand resulting in stock pile-up which means lower jobs, decline in further demand , which is negative for real GDP and aggregate income.
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Which of the following best describes the relationship between aggregate expenditure and real GDP? O A....
Long run aggregate supply is the relationship between the quantity of real GDP supplied and the...
Long run aggregate supply is the relationship between the quantity of real GDP supplied and the price level when the maintain full employment changes in step with the price level to O A. money wage rate OB. quantity of money OC. real wage rate OD. interest rate supplied and the when the money wage rate, the prices of other resources and Short run aggregate supply is the relationship between the quantity of potential GDP remain constant O A real GDP...
when all other influences on expenditure plans remain the same. Aggregate demand is the relationship between...
when all other influences on expenditure plans remain the same. Aggregate demand is the relationship between the quantity of demanded and the OA. real GDP, price level O B. nominal GDP, interest rate O C. real GDP; exchange rate O D. nominal GDP, quantity of output supplied What is stagflation and why does cost-push inflation cause stagflation? Stagflation is a combination of a in the price level and in real GDP O A. rise; a decrease O B. fall; a...
The following table shows the relationship between aggregate planned expenditure and real GOP in the hypothetical...
The following table shows the relationship between aggregate planned expenditure and real GOP in the hypothetical economy of Econoworld Real GDP bbons of 2007 dollars) Aggregate planned expenditure (billions of 2007 dollars) 100 200 300 420 1131 The level GPS 580 740 Ол ееn O Canadians' Wealth Rises Canadian net saving in the first quarter of 2017 was 522 billion Holdings of financial assets increased by 5162 bilion and the value of shares in corporations increased by $113 billion Explain...
Table 27.3.1 The following table shows the relationship between aggregate planned expenditure and real GDP in...
Table 27.3.1 The following table shows the relationship between aggregate planned expenditure and real GDP in the hypothetical economy of Econoworld. Real GDP (billions of 2007 dollars) Aggregate planned expenditure (billions of 2007 dollars) 100 260 420 580 740 200 400 600 800 18) Refer to Table 27.3.1. If investment increases by $25 billion, the real GDP becomes A) $525 billion. B) $625 billion. C) $725 billion D) $600 billion. E) $675 billion.
At point a in the graph to the right, planned aggregate expenditure is At point A...
At point a in the graph to the right, planned aggregate
expenditure is
At point A in the graph to the right planned aggregate expenditure is GDP. At point B, planned aggregate expenditure is GDP. At point, planned aggregate expenditure is GDP. At point A, the unintended change in inventories can be shown on the graph by: Real aggregate expenditure, AE O A. the horizontal distance between point A and point B. OB. the vertical distance between point A and...
2. Shifts in aggregate demand Which of the following formulas best defines GDP using the expenditure...
2. Shifts in aggregate demand
Which of the following formulas best defines GDP using the
expenditure method?
a- AD=I+G+(X−M)
b- AD=C−I−G+(X−M)
c- AD=C+I+G+(X−M)A
d- AD=C+I+G+X
Adjust the following graph by shifting either the curve or the point on the curve to illustrate an increase in government spending. PRICE LEVEL REAL GDP
In the graph, the initial aggregate supply curve is AS and the initial aggregate demand curve...
In the graph, the initial aggregate supply curve is AS and the initial aggregate demand curve is ADo Some events that could have changed aggregate demand from AD, to AD are O A. a fall in the exchange rate or Price level 0 AS AS an increase in expected future inflation O B. a decrease in the money wage rate or 105 10 an increase in potential GDP ( 100 C. a decrease in expected future income or a decrease...
QUESTION 25 Which of the following best describes the long run in terms of aggregate supply?...
QUESTION 25 Which of the following best describes the long run in terms of aggregate supply? a. The long-run aggregate supply curve is horizontal. b. The long-run aggregate supply slopes upwards, but is NOT vertical. c. The long-run aggregate supply slopes downwards. d. The long-run aggregate supply curve is vertical. Question 39 Which of the following best characterizes market equilibrium? a. when there is no incentive for consumers or producers to change their current behaviour b. when producers earn profits...
The following graph shows the relationship between real GDP growth and change in unemployment for the...
The following graph shows the relationship between real GDP growth and change in unemployment for the US between 1961 and 2013. US (1961-2013) y = -0.3768x +1.2298 R-0.641 Change in unemployment rate (%) -1 0 Real GDP growth (%) The equation shown is the regression result for the best-fitting line. Based on this information, which of the following statements is correct? a) With real GDP falling by 2.8% in 2009, the predicted rise in the unemployment rate would have been...
6. Which set of changes is definitely predicted to lower Real GDP in the short run?...
6. Which set of changes is definitely predicted to lower Real GDP in the short run? a. The money supply falls and labor productivity rises. b. The U.S. dollar appreciates and wage rates fall. c. The U.S. dollar depreciates and the government passes a law making it easier for entrepreneurs to make a profit. d. Foreign real national income falls and the economy experiences an adverse supply shock. 7. Which set of changes will definitely shift the aggregate demand (AD)...
Long run aggregate supply is the relationship between the quantity of real GDP supplied and the price level when the maintain full employment changes in step with the price level to O A. money wage rate OB. quantity of money OC. real wage rate OD. interest rate supplied and the when the money wage rate, the prices of other resources and Short run aggregate supply is the relationship between the quantity of potential GDP remain constant O A real GDP...
when all other influences on expenditure plans remain the same. Aggregate demand is the relationship between the quantity of demanded and the OA. real GDP, price level O B. nominal GDP, interest rate O C. real GDP; exchange rate O D. nominal GDP, quantity of output supplied What is stagflation and why does cost-push inflation cause stagflation? Stagflation is a combination of a in the price level and in real GDP O A. rise; a decrease O B. fall; a...
The following table shows the relationship between aggregate planned expenditure and real GOP in the hypothetical economy of Econoworld Real GDP bbons of 2007 dollars) Aggregate planned expenditure (billions of 2007 dollars) 100 200 300 420 1131 The level GPS 580 740 Ол ееn O Canadians' Wealth Rises Canadian net saving in the first quarter of 2017 was 522 billion Holdings of financial assets increased by 5162 bilion and the value of shares in corporations increased by $113 billion Explain...
Table 27.3.1 The following table shows the relationship between aggregate planned expenditure and real GDP in the hypothetical economy of Econoworld. Real GDP (billions of 2007 dollars) Aggregate planned expenditure (billions of 2007 dollars) 100 260 420 580 740 200 400 600 800 18) Refer to Table 27.3.1. If investment increases by $25 billion, the real GDP becomes A) $525 billion. B) $625 billion. C) $725 billion D) $600 billion. E) $675 billion.
At point a in the graph to the right, planned aggregate
expenditure is
At point A in the graph to the right planned aggregate expenditure is GDP. At point B, planned aggregate expenditure is GDP. At point, planned aggregate expenditure is GDP. At point A, the unintended change in inventories can be shown on the graph by: Real aggregate expenditure, AE O A. the horizontal distance between point A and point B. OB. the vertical distance between point A and...
2. Shifts in aggregate demand
Which of the following formulas best defines GDP using the
expenditure method?
a- AD=I+G+(X−M)
b- AD=C−I−G+(X−M)
c- AD=C+I+G+(X−M)A
d- AD=C+I+G+X
Adjust the following graph by shifting either the curve or the point on the curve to illustrate an increase in government spending. PRICE LEVEL REAL GDP
In the graph, the initial aggregate supply curve is AS and the initial aggregate demand curve is ADo Some events that could have changed aggregate demand from AD, to AD are O A. a fall in the exchange rate or Price level 0 AS AS an increase in expected future inflation O B. a decrease in the money wage rate or 105 10 an increase in potential GDP ( 100 C. a decrease in expected future income or a decrease...
The following graph shows the relationship between real GDP growth and change in unemployment for the US between 1961 and 2013. US (1961-2013) y = -0.3768x +1.2298 R-0.641 Change in unemployment rate (%) -1 0 Real GDP growth (%) The equation shown is the regression result for the best-fitting line. Based on this information, which of the following statements is correct? a) With real GDP falling by 2.8% in 2009, the predicted rise in the unemployment rate would have been...
6. Which set of changes is definitely predicted to lower Real GDP in the short run? a. The money supply falls and labor productivity rises. b. The U.S. dollar appreciates and wage rates fall. c. The U.S. dollar depreciates and the government passes a law making it easier for entrepreneurs to make a profit. d. Foreign real national income falls and the economy experiences an adverse supply shock. 7. Which set of changes will definitely shift the aggregate demand (AD)...
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