Homework Answers
Ans) the correct option is b) inflation
Inflation occurs when the overall prices in the economy is increasing.
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ount Question 18 4 pts board When the overall level of prices in the economy is...
Question 21 (1 point) When prices are falling, what term do economists use? inflation deflation disinflation...
Question 21 (1 point) When prices are falling, what term do economists use? inflation deflation disinflation contraction Question 22 (1 point) What does the quantity theory of money try to explain? O the relationship between inflation and unemployment the determinants of relative prices in the economy ООО the relationship between the quantity of money and the price level how inflation determines economic growth
1 pts D Question 9 Let's assume that the economy is experiencing a recession. A government...
1 pts D Question 9 Let's assume that the economy is experiencing a recession. A government economist advises the president to put pressure on the Federal Reserve Chair to increase the money supply. She also recommends for the government to increase spending on Social Security, welfare programs, roads, highways and other construction projects. According to our text, what are potential disadvantages if this recommendation is implemented? The economy will grow too fast in the short run and unemployment will fall...
Question 30 3 pts The economic cost of unemployment affects overall economy more than the economic...
Question 30 3 pts The economic cost of unemployment affects overall economy more than the economic cost of inflation because: The economic cost of inflation is a global phenomenon that is felt equally by others around the globe. The cost of unemployment hurts the disadvantaged more than the well-to-do. The cost of unemployment is shown by a point inside the production possibilities curve. The economic cost of both unemployment and inflation are relatively equal. < Previous
18. Which of the following policies would come from a Marxist view of the economy? (a)...
18. Which of the following policies would come from a Marxist view of the economy? (a) government stabilization through changing spending, taxes, and interest rates since the economy will not automatically restore full employment. b) a socialist economy with government ownership of banks and businesses since economic instability is based on the exploitation of workers. (c) the need to regulate the banking system to avoid financial crisis. (d) laissez-faire or free market policies since the economy will tend towards full...
The accompanying graph shows the relationship between the average annual increase in the price level and...
The accompanying graph shows the relationship between the average annual increase in the price level and the average annual increase in money supply across eight countries. 45-degree I Harpoglia a. What concept, related to monetary policy, does this graph help demonstrate? Valko Cherbani O Ragnar Nurkse's balanced growth theory O the liquidity preference model O buffer theory O convergence hypothesis Caz Resa Tyndaria Harnnastas Veckram eGonmorl'n monetary neutrality Increase in money supply (%) Use the concept or model identified in...
D Question 8 1 pts When macroeconomists are discussing the economy of a country, a prices...
D Question 8 1 pts When macroeconomists are discussing the economy of a country, a prices and unemployment. could be utilized to represent the connection between 1H Keynesian framework Phillips curve microeconomic model expenditure-output model
Question 43 072 pts Consider the Equation of Exchange in its form that shows changes in...
Question 43 072 pts Consider the Equation of Exchange in its form that shows changes in the variables over time. If we assume velocity is constant over the long term and the long-term average rate of growth in the real economy that is sustainable is around 3%, what is the implication for the relationship between the long run average growth in the money supply and changes in the average price level in the economy? the money subo per year the...
1,3 and the second part of 4 i dont understand pinay, dinini 1. Contrast the economic...
1,3 and the second part of 4 i dont understand
pinay, dinini 1. Contrast the economic growth and business cycles. 2. What are the three primary measures used in macroeconomics to assess the performance of an economy? Real GDP: Provides an overall indicator of output or production in the economy Unemployment: Measures the degree to which labor resources are being fully used Inflation: The increase of prices in the economy 3. The three major indicators of the health and development...
Questions for 5 points each: CHOOSE 4 TO ANSWER 1. Inflation incese the price level and...
Questions for 5 points each: CHOOSE 4 TO ANSWER 1. Inflation incese the price level and dec s purchasing power of the dollar. Deflation wer of the dollar. Deflation des as the price level and blanks with increases" or "decreases.") The formula for the inflation rate is the purchasing power of the dollar. (Fill in the Why do we say that the level of prices does not matter? 2. Describe the Consumer Price Index. Describe a market basket. Write a...
Question 9 1 pts Which of the following is a characteristic of the Policy-Activism view of...
Question 9 1 pts Which of the following is a characteristic of the Policy-Activism view of economic thought? Government has a responsibility to manage the economy. The economy is inherently stable. All of these answers are characteristics of Laissez-Faire. Competition is the driving force in economic progress D Question 10 1 pts Real GDP provides a better measure of the state of the economy than nominal GDP because: it corrects for the distortion of inflation it includes the value of...
Question 21 (1 point) When prices are falling, what term do economists use? inflation deflation disinflation contraction Question 22 (1 point) What does the quantity theory of money try to explain? O the relationship between inflation and unemployment the determinants of relative prices in the economy ООО the relationship between the quantity of money and the price level how inflation determines economic growth
1 pts D Question 9 Let's assume that the economy is experiencing a recession. A government economist advises the president to put pressure on the Federal Reserve Chair to increase the money supply. She also recommends for the government to increase spending on Social Security, welfare programs, roads, highways and other construction projects. According to our text, what are potential disadvantages if this recommendation is implemented? The economy will grow too fast in the short run and unemployment will fall...
Question 30 3 pts The economic cost of unemployment affects overall economy more than the economic cost of inflation because: The economic cost of inflation is a global phenomenon that is felt equally by others around the globe. The cost of unemployment hurts the disadvantaged more than the well-to-do. The cost of unemployment is shown by a point inside the production possibilities curve. The economic cost of both unemployment and inflation are relatively equal. < Previous
18. Which of the following policies would come from a Marxist view of the economy? (a) government stabilization through changing spending, taxes, and interest rates since the economy will not automatically restore full employment. b) a socialist economy with government ownership of banks and businesses since economic instability is based on the exploitation of workers. (c) the need to regulate the banking system to avoid financial crisis. (d) laissez-faire or free market policies since the economy will tend towards full...
The accompanying graph shows the relationship between the average annual increase in the price level and the average annual increase in money supply across eight countries. 45-degree I Harpoglia a. What concept, related to monetary policy, does this graph help demonstrate? Valko Cherbani O Ragnar Nurkse's balanced growth theory O the liquidity preference model O buffer theory O convergence hypothesis Caz Resa Tyndaria Harnnastas Veckram eGonmorl'n monetary neutrality Increase in money supply (%) Use the concept or model identified in...
D Question 8 1 pts When macroeconomists are discussing the economy of a country, a prices and unemployment. could be utilized to represent the connection between 1H Keynesian framework Phillips curve microeconomic model expenditure-output model
Question 43 072 pts Consider the Equation of Exchange in its form that shows changes in the variables over time. If we assume velocity is constant over the long term and the long-term average rate of growth in the real economy that is sustainable is around 3%, what is the implication for the relationship between the long run average growth in the money supply and changes in the average price level in the economy? the money subo per year the...
1,3 and the second part of 4 i dont understand
pinay, dinini 1. Contrast the economic growth and business cycles. 2. What are the three primary measures used in macroeconomics to assess the performance of an economy? Real GDP: Provides an overall indicator of output or production in the economy Unemployment: Measures the degree to which labor resources are being fully used Inflation: The increase of prices in the economy 3. The three major indicators of the health and development...
Questions for 5 points each: CHOOSE 4 TO ANSWER 1. Inflation incese the price level and dec s purchasing power of the dollar. Deflation wer of the dollar. Deflation des as the price level and blanks with increases" or "decreases.") The formula for the inflation rate is the purchasing power of the dollar. (Fill in the Why do we say that the level of prices does not matter? 2. Describe the Consumer Price Index. Describe a market basket. Write a...
Question 9 1 pts Which of the following is a characteristic of the Policy-Activism view of economic thought? Government has a responsibility to manage the economy. The economy is inherently stable. All of these answers are characteristics of Laissez-Faire. Competition is the driving force in economic progress D Question 10 1 pts Real GDP provides a better measure of the state of the economy than nominal GDP because: it corrects for the distortion of inflation it includes the value of...
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