Homework Answers
Cost of a movie in 1920= 1 nickel=$0.05
Price level in 1920=10
Price level in 2009=1000
Price in 2009=Price in 1920*(Price level in 2009/Price level in 1920=0.05*(1000/10)=$5
Correct option is
D. $5
Payment of a actor in 1950= $5000
Price level in 1950=50
Price level in 2009=1000
Payment of actor in 2009=Payment of actor in 2009*(Price level in 2009/Price level in 1920
=5000*(1000/50)=$100000
Correct option is
A. $100,000
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Use the following price level data to answer this question. 1920: 10 • 1950: 50 •...
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need help Question 9 (1 point) Use the figure below to answer the following questions. Price...
need help
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Use the following graph to answer the next question. Price Level 2 0 1 Real Domestic...
Use the following graph to answer the next question. Price Level 2 0 1 Real Domestic Output, GDP Which line represents the long-run aggregate supply curve?
Use the following price level data to answer this question. 1920: 10 1950: 50 1980: 500 2009: 1,000 Say a corporate CEO makes $2 million in 1980. How much is that in 2009 dollars? O A. $1 million B. $3 million O C. $4 million D. S 8 million
Question 10 Consider the following Price and Dividend data for General Electric Company: Dividend (S) Price (S) Date Dec. 31, 2008 14.64 13.35 Jan. 26, 2009 Apг. 28, 2009 Jul. 29, 2009 0.10 9.14 0.10 10.74 0.10 Oct. 28, 2009 8.02 0.10 Dec. 30, 2009 7.72 Assume that you purchased General Electric Company stock at the closing price on Dec. 31 2008 and sold it after the dividend had been paid and at the closing price on Jan. 26, 2009....
Use the following table to answer the next question. The base year is 2007 3 Hot Dogs Year Price Quantity 2005 $2.50 100 2006 4.00 100 2007 5.00 100 2008 8.00 150 2009 110.00 200 — Baseballs Bottles of Beer Price Quantity Price Quantity $2.50 50 $1.00 100 5. 00 100 2.00 150 5.00 100 2.00 200 8.00 200 г 4.00 — 200 10.00 1200 14.00 250 Compared to the base year, the rate of inflation for the year 2007...
Question 23 (1 point) Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the following questions. Assume that the base year is 2012. 2012 Price $2.00 $4.00 $2.00 2012 Quantity 2013 Price $2.50 $5.00 $1.00 2013 Quantity 600 900 300 Good 500 1,000 200 C What was the real gross domestic product (GDP) in 2013? a) $5,400 b) $6,300 Oc) $6,450 d) $1,700 e) $13,600
QUESTION 33 Use the following diagrams to answer question Panel (a) Panel (b) Price level SRAS Price level SRAS P Р. P2 PI AD AD AD AD Y; Real GDP Y Y Real GDP (per year) (per year) Panel illustrates what happens when the Fed decides to government bonds and A. (a); sell; increase B. (b); buy, Increase C. (b); sell; decrease D. (a); buy, decrease the money supply.
need help
Question 9 (1 point) Use the figure below to answer the following questions. Price level (GDP dellotor, 2007- 100 LAS 110 SAS 100 320 360 400 440 480 520 Real GDP billions of 2007 dollars) Figure 10.3.1 Refer to Figure 10.3.1. As the economy automatically adjusts to long-run equilibrium, the A) SAS curve shifts leftward. O B) AD curve shifts rightward. OC) AD curve shifts leftward. OD SAS curve shifts rightward. O E ) LAS curve shifts leftward....
Use the following graph to answer the next question. Price Level 2 0 1 Real Domestic Output, GDP Which line represents the long-run aggregate supply curve?
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