Homework Answers
1. C Real balance effect.
2. N a massive cut in government expenditure.
3. F table of exchange rates between U.S Dollar and Chinese yuan.
4. O LRAS curve.
5. G a decline in the price level prompts a decrease in the demand for credit.
6. D Island of puerto rico destroyed by hurricane maria .
7. M the AD curve intersects the SRAS curve to the left of the LRAS curve.
8. B real wage .
9. K sticky wage.
10. A foreign real national income rises, business tax declines, individuals are optimist about their future incomes.
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From the list on your right select the letter that contains the word phrase, name, etc...
Tuestion Completion Status: From the list on your right select the letter that contains the word,...
Tuestion Completion Status: From the list on your right select the letter that contains the word, please, name, etc that best matches the word, phrase, name, etc listed on the left. A Explains why SRAS is upward sloping B. Nominal GDP C. Unemployed D. AD declines, SRAS remains unchanged, both price and output decline E. Full employment if cyclical unemployment is equal to zero F. Is hurt by deflation G. Focuses on the short-run An economy with a combined structural...
From the list on your right select the letter that contains the word, phrase, name, etc...
From the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left The total amount of goods and services consumers are willingEquilibrium and able to purchase at a given price Other things remaining the same or other things being equal supplied, ceteris paribus Where buyers' and sellers' plans are in balance or in agreement A rise in income brings a decrease in demand The...
From the list on your right select the letter that contains the word phrase, name, etc...
From the list on your right select the letter that contains the word phrase, name, etc that best matches the word, phrase, name, ele listed on the A The Law of Supply B. Equilibrium C. An example of price floor The total amount of goods and services consumers are willing and able to purchase at a given price. D. Substitutes Other things remaining the same ar ather things being equal E. Demand Positive or direct relationship between price and quantity...
From the list on your right select the letter that contains the word, phrase, name, etc....
From the list on your right select the letter that contains the
word, phrase, name, etc. that best matches the word, phrase, name,
etc. listed on the left:
that best matches the ose name etc. change in quantity demander Ihange in income Total Profit C! Demand for the good is more price inelastic than supply A 2% price increase leads to a 2% dedine in D. Total Revenue Jantity demanded of Good E Demand for the good is un ood...
From the list on your right select the letter that contains the word, phrase, name, etc...
From the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the eft C Y Utility A a measure of the value of the forgone alternative when a choice made opportunity cost increase in available resources B. productive efficiency C. a subjective measure of satisfaction or value one obtains from consuming goods and services D specialization E has the ability to produce the good at...
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)...
1.Suppose home prices and stock prices plummet, while bank failures dramatically inhibit planned investment spending. Use...
1.Suppose home prices and stock prices plummet, while bank failures dramatically inhibit planned investment spending. Use the AD/SRAS diagram to predict the impact on the equilibrium price level and the level of real GDP. 1.The Price level and GDP both fall. 2The Price level and GDP both rise 3.The Price level falls and GDP stays the same. 4.The Price level rises and GDP stays the falls. 2. An inflationary output gap exists when... 1.Actual GDP is below potential GDP and...
BE QUESTION 32 Other things constant, when nominal wages fall, the change as a result of...
BE QUESTION 32 Other things constant, when nominal wages fall, the change as a result of the decrease in wages.) O Aggregate Demand curve shifts left: rises. Short Run Aggregate Supply curve shifts left rises. and the equilibrium price level me household w h oes NOT Short Run Aggregate Supply curve shirts rightfalls. Aggregate Demand curve shifts rightfalls. QUESTION 33 Price level Panel (b) LRAS Real GDP See All In the figure shown, the intersection of SRAS with AD indicates...
A supply shock is A. an increase in the rate of inflation as a result of...
A supply shock is A. an increase in the rate of inflation as a result of expansionary fiscal policy, resulting in a leftward shift of the SRAS curve. B. a sudden increase in the price of an important natural resource, resulting in a leftward shift of the SRAS curve. O C. an increase potential GDP caused by a govemment expenditure multiplier, resulting in a leftward shift of the AD curve. D. an increase in both the inflation and the unemployment...
1. What occurs during a negative demand shock? Output increases and the price level decreases. Output...
1. What occurs during a negative demand shock? Output increases and the price level decreases. Output and price level decrease. Output and price level increase. Output decreases and the price level increases. 2. In the equation of exchange, the term P × Q is the same as: the money supply. nominal GDP. national income. real GDP. 3. Expansionary monetary policy shifts the _____ curve to the _____. AD; right SRAS; left SRAS; right AD; left 4. The Taylor rule suggests...
Tuestion Completion Status: From the list on your right select the letter that contains the word, please, name, etc that best matches the word, phrase, name, etc listed on the left. A Explains why SRAS is upward sloping B. Nominal GDP C. Unemployed D. AD declines, SRAS remains unchanged, both price and output decline E. Full employment if cyclical unemployment is equal to zero F. Is hurt by deflation G. Focuses on the short-run An economy with a combined structural...
From the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left The total amount of goods and services consumers are willingEquilibrium and able to purchase at a given price Other things remaining the same or other things being equal supplied, ceteris paribus Where buyers' and sellers' plans are in balance or in agreement A rise in income brings a decrease in demand The...
From the list on your right select the letter that contains the word phrase, name, etc that best matches the word, phrase, name, ele listed on the A The Law of Supply B. Equilibrium C. An example of price floor The total amount of goods and services consumers are willing and able to purchase at a given price. D. Substitutes Other things remaining the same ar ather things being equal E. Demand Positive or direct relationship between price and quantity...
From the list on your right select the letter that contains the
word, phrase, name, etc. that best matches the word, phrase, name,
etc. listed on the left:
that best matches the ose name etc. change in quantity demander Ihange in income Total Profit C! Demand for the good is more price inelastic than supply A 2% price increase leads to a 2% dedine in D. Total Revenue Jantity demanded of Good E Demand for the good is un ood...
From the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the eft C Y Utility A a measure of the value of the forgone alternative when a choice made opportunity cost increase in available resources B. productive efficiency C. a subjective measure of satisfaction or value one obtains from consuming goods and services D specialization E has the ability to produce the good at...
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)...
BE QUESTION 32 Other things constant, when nominal wages fall, the change as a result of the decrease in wages.) O Aggregate Demand curve shifts left: rises. Short Run Aggregate Supply curve shifts left rises. and the equilibrium price level me household w h oes NOT Short Run Aggregate Supply curve shirts rightfalls. Aggregate Demand curve shifts rightfalls. QUESTION 33 Price level Panel (b) LRAS Real GDP See All In the figure shown, the intersection of SRAS with AD indicates...
A supply shock is A. an increase in the rate of inflation as a result of expansionary fiscal policy, resulting in a leftward shift of the SRAS curve. B. a sudden increase in the price of an important natural resource, resulting in a leftward shift of the SRAS curve. O C. an increase potential GDP caused by a govemment expenditure multiplier, resulting in a leftward shift of the AD curve. D. an increase in both the inflation and the unemployment...
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