Homework Answers
Ans) the correct option is a) a decrease in consumer confidence and a decrease in financial market stability
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17 Question (1 point) Which of the following could have caused a change in real GDP...
Which of the following recessionary periods was not caused by an AD shock Great Depression 1973-75...
Which of the following recessionary periods was not caused by an AD shock Great Depression 1973-75 recession 1981-82 recession Great Recession During the Great Depression, the economy experienced inflation disinflation deflation hyper-inflation During the Great Depression, output growth increased at a slower than normal rate was negative for 4 quarters before turning positive was negative for 4 years before turning positive didn't decline as much as during the Great Recession While there is no "standard" for distinguishing an economic depression...
During the Great Recession, U.S. household wealth declined, leading to a decrease in aggregate demand. Which...
During the Great Recession, U.S. household wealth declined,
leading to a decrease in aggregate demand. Which pair of factors
contributed to this decline in wealth?
Choose one
:A. a financial market crisis and an increase in gas prices
B. an increase in tax rates and a decrease in stock prices
C. a decrease in stock prices and a decrease in housing
prices
D. a decrease in housing prices and a decline in the level of
technology
E. a decrease in...
A vertical AS curve means that changes in GDP will be caused by changes in potential...
A vertical AS curve means that changes in GDP will be caused by changes in potential output. changes in aggregate demand. cyclical unemployment. Jontel got a raise, which may help the economy since she will likely consume more goods and services. she will likely put more money in savings. she will likely hoard more money to prepare for fluctuations in the economy. If Keynesian economists were analyzing the oncoming recession starting in 2007 from the housing market crash, what might...
Question (1 point) 1st attempt See Hint In 2011, a record-breaking earthquake and tsunami hit Japan,...
Question (1 point) 1st attempt See Hint In 2011, a record-breaking earthquake and tsunami hit Japan, destroying roads and buildings, and killing thousands of people. How will this natural disaster impact the U.S. economy in the short run? Choose one: O A. real GDP will decrease; price level will decrease: unemployment will increase O B. real GDP will increase; price level will increase: unemployment will increase O C. real GDP will increase: price level will increase; unemployment will decrease O...
Question 19 1 pts When a change in the price level leads to a change in the interest rate and thus a change in th...
Question 19 1 pts When a change in the price level leads to a change in the interest rate and thus a change in the quantity of aggregate demand, it is called theeffect. savings interest rate O price wealth o output 4 Previous Next Question 21 1 pts The Great Depression lasted longer and was deeper than the average recession, in part, because the government reduced tax rates and increased spending. the government reduced barriers to trade. there was a...
End of Chapter 1.10 Question Help Which of the following statements is correct if real GDP...
End of Chapter 1.10 Question Help Which of the following statements is correct if real GDP in the United States declined by more during the 2007-2009 recession than did real GDP in Canada, China, and other trading partners of the United States? O A. US. exports fell more than the imports, leading to an increase in net exports O B. U.S. exports fell more than the imports, leading to a fall in net exports. O C. Imports to the United...
QUESTION 1 Price level AS P1 P2 AD1 AD2 Y2 Y1 Real national output Which of...
QUESTION 1 Price level AS P1 P2 AD1 AD2 Y2 Y1 Real national output Which of the following would cause the shift in the AD curve (from ADto AD2) shown in the diagram above? A. The government increases interest rates B. The rate if income tax is reduced CA depreciation of the US dollar An improvement in technology QUESTION 2 Which combination of fiscal policies would be the most expansionary? A. an increase in government spending and an increase in...
Section B B22 Expansionary demand management policy measures tend to… [1] raise the real GDP and...
Section B
B22 Expansionary demand management policy measures tend
to…
[1] raise the real GDP and inflation.
[2] increase price level and decrease real output.
[3] increase both inflation and the level of unemployment.
[4] Increase the production cost, which will decrease total
production.
B24 Which of the following is NOT the cause of
demand-pull inflation?
[1] increase in consumption spending.
[2] a decrease in interest rates.
[3] increase in net exports.
[4] rising commodity (e.g. oil) price.
B25 Cost-push...
Question 1 Real measurements are expressed in constant dollars. expressed in current dollars. expressed using today’s...
Question 1 Real measurements are expressed in constant dollars. expressed in current dollars. expressed using today’s currency. Flag this Question Question 2 To measure a real increase in wages, the wages would have to be adjusted for inflation overtime. the changes would have to be averaged. the increase would have to be compared to the growth in GDP. Flag this Question Question 3 If inflation occurs in a given year, the change in the real measurement (GDP) would be equal...
Incorrect Question 11 0/2 pts When you look at countries that have high levels of GDP...
Incorrect Question 11 0/2 pts When you look at countries that have high levels of GDP and compare them to countries with very low levels of GDP, what, according to our text, can you say about the relationship between GDP and leisure time? There is a positive relationship between a country's GDP and the average amount of leisure time enjoyed by its citizens (the higher GDP, the more leisure time on average) There is no direct relationship between a country's...
During the Great Recession, U.S. household wealth declined,
leading to a decrease in aggregate demand. Which pair of factors
contributed to this decline in wealth?
Choose one
:A. a financial market crisis and an increase in gas prices
B. an increase in tax rates and a decrease in stock prices
C. a decrease in stock prices and a decrease in housing
prices
D. a decrease in housing prices and a decline in the level of
technology
E. a decrease in...
Question (1 point) 1st attempt See Hint In 2011, a record-breaking earthquake and tsunami hit Japan, destroying roads and buildings, and killing thousands of people. How will this natural disaster impact the U.S. economy in the short run? Choose one: O A. real GDP will decrease; price level will decrease: unemployment will increase O B. real GDP will increase; price level will increase: unemployment will increase O C. real GDP will increase: price level will increase; unemployment will decrease O...
Question 19 1 pts When a change in the price level leads to a change in the interest rate and thus a change in the quantity of aggregate demand, it is called theeffect. savings interest rate O price wealth o output 4 Previous Next Question 21 1 pts The Great Depression lasted longer and was deeper than the average recession, in part, because the government reduced tax rates and increased spending. the government reduced barriers to trade. there was a...
End of Chapter 1.10 Question Help Which of the following statements is correct if real GDP in the United States declined by more during the 2007-2009 recession than did real GDP in Canada, China, and other trading partners of the United States? O A. US. exports fell more than the imports, leading to an increase in net exports O B. U.S. exports fell more than the imports, leading to a fall in net exports. O C. Imports to the United...
QUESTION 1 Price level AS P1 P2 AD1 AD2 Y2 Y1 Real national output Which of the following would cause the shift in the AD curve (from ADto AD2) shown in the diagram above? A. The government increases interest rates B. The rate if income tax is reduced CA depreciation of the US dollar An improvement in technology QUESTION 2 Which combination of fiscal policies would be the most expansionary? A. an increase in government spending and an increase in...
Section B
B22 Expansionary demand management policy measures tend
to…
[1] raise the real GDP and inflation.
[2] increase price level and decrease real output.
[3] increase both inflation and the level of unemployment.
[4] Increase the production cost, which will decrease total
production.
B24 Which of the following is NOT the cause of
demand-pull inflation?
[1] increase in consumption spending.
[2] a decrease in interest rates.
[3] increase in net exports.
[4] rising commodity (e.g. oil) price.
B25 Cost-push...
Incorrect Question 11 0/2 pts When you look at countries that have high levels of GDP and compare them to countries with very low levels of GDP, what, according to our text, can you say about the relationship between GDP and leisure time? There is a positive relationship between a country's GDP and the average amount of leisure time enjoyed by its citizens (the higher GDP, the more leisure time on average) There is no direct relationship between a country's...
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