Homework Answers
A)
Answer: (e)
Long run growth depends on the inputs availability and level of technology. Tariffs , subsidies and import would affect growth rate in short run only.
B)
Answer : b
Rise in the interest rate would make investment costly , thus investment will decrease.
Add Answer to:
QA)
QB)
What can help long run growth? a. Tariffs b. Subsidies c. Import protections d....
Question 37 Supply-side economics emphasizes: long-run effects on aggregate supply rather than short-run effects on aggregate...
Question 37 Supply-side economics emphasizes: long-run effects on aggregate supply rather than short-run effects on aggregate demand. all of the above. low marginal tax rates. increasing incentives to work, save, and invest. ---------------------- A progressive tax system is one for which: each tax payer pays an equal dollar amount in taxes. taxes as a percentage of income decreases as income increases. taxes as a percentage of income are the same for all income levels. taxes as a percentage of income...
We have discussed two models that describe the relationship between inflation and economic growth. Which of the followi...
We have discussed two models that describe the relationship between inflation and economic growth. Which of the following is a property of the New Keynesian Model but NOT the Real Business Cycle (RBC) Model? Monetary policy has no effect on long run economic growth Recessions can be caused by a fall in aggregate demand. Prices are fully flexible in both the short and long run. All the above are properties of the RBC model. None of the above are properties...
Figure 4 nflation Rate Dynamic AS Dynamic AD Real GDP Growth In figure 4, in the...
Figure 4 nflation Rate Dynamic AS Dynamic AD Real GDP Growth In figure 4, in the long run we would expect aggregate supply to be: Figure 4 Final Eco 216.pdf 8 KB A. horizontal B. vertical C. positively sloped D. negatively sloped E. negatively sloped Reset Selection In figure 4, if dynamic AD decreases, then in the short run real GDP growth: Figure 4 Final Eco 216.pdf 8 KB A. and inflation increase B. and inflation decrease C. rises and...
can you help on answering all of them (answer them correctly) Question 9 1 pts The...
can you help on answering all of them (answer them
correctly)
Question 9 1 pts The vertical, long-run aggregate supply curve indicates that the long-run level of economic output is dependent upon the stock of productive factors the price level government subsidies Question 10 1 pts When does the GDP gap shrink? It shrinks as the economy recovers from recession. It shrinks as the economy is contracting with government intervention. It shrinks as the government reduces the budget deficit through...
Link w DOC d. 16. nase 29. According to the Solow-Swan theory of long-run economic growth,...
Link w DOC d. 16. nase 29. According to the Solow-Swan theory of long-run economic growth, higher rates of saving for, equivalently, investment) lead to a higher income per person and higher consumption per person b. higher income per person and lower consumption per person c. higher income per person but not necessarily higher consumption per person d. higher consumption per person if the saving rate rises from an already high level and lower consumption per person if the saving...
7. Assume that the long-run production function can be expressed as Q-SKL? Where Q is quantity...
7. Assume that the long-run production function can be expressed as Q-SKL? Where Q is quantity of output, K is the quantity of capital and L is the quantity of labor. If capital is fixed at 10 units in the short run then the short-run production function is: Q=10KL b. Q=50KL? Q=10L? d. 0=50L Q=500KL 8. For a linear total cost function: a. MC will be downward sloping b. MC = AVC c. AVC is upward sloping and linear d....
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...
Which market structure can earn long-run economic profits? a. Perfect competition b. Monopolistic competition c. Oligopoly...
Which market structure can earn long-run economic profits? a. Perfect competition b. Monopolistic competition c. Oligopoly d. Monopoly e. c and d only All firms produce where a. marginal benefits are greater than marginal profits b. short-run profits are less than long-run profits c. marginal revenues are greater than or equal to marginal costs d. average total costs are greater than marginal costs A perfect competitor is a __________ and can earn economic profits ____________. a. price maker, in both...
Please help with these questions, Question 1 0.16 pts Use the following scenario to answer the...
Please help with these questions,
Question 1 0.16 pts Use the following scenario to answer the following questions: Carmela's Churros is a perfectly competitive firm that sells desserts in Houston Texas. Carmela's Churros currently is taking in $40,000 in revenues, and has $15,000 in explicit costs and $25,000 in implicit costs. Holding all else constant, the price of churros in this market will O stay where it is increase in the long run. decrease in the long run. O decrease...
Part C: Assorted short questions C1. Multiple choice while the short-run C.1.1 The long-run model determines...
Part C: Assorted short questions C1. Multiple choice while the short-run C.1.1 The long-run model determines output and model determines and inflation, a. potential, long-run inflation, current output; current b. potential, unemployment; current output; long-run c. current; long-run inflation, unemployment; current d. potential; unemployment; unemployment; current e. current, unemployment; potential output; current | СРІ Quarter Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 1 109.4 110.0 110.5 110.7 111.4 112.1 112.6 113.0 113.5 114.1 C.1.2 The table above...
Figure 4 nflation Rate Dynamic AS Dynamic AD Real GDP Growth In figure 4, in the long run we would expect aggregate supply to be: Figure 4 Final Eco 216.pdf 8 KB A. horizontal B. vertical C. positively sloped D. negatively sloped E. negatively sloped Reset Selection In figure 4, if dynamic AD decreases, then in the short run real GDP growth: Figure 4 Final Eco 216.pdf 8 KB A. and inflation increase B. and inflation decrease C. rises and...
can you help on answering all of them (answer them
correctly)
Question 9 1 pts The vertical, long-run aggregate supply curve indicates that the long-run level of economic output is dependent upon the stock of productive factors the price level government subsidies Question 10 1 pts When does the GDP gap shrink? It shrinks as the economy recovers from recession. It shrinks as the economy is contracting with government intervention. It shrinks as the government reduces the budget deficit through...
Link w DOC d. 16. nase 29. According to the Solow-Swan theory of long-run economic growth, higher rates of saving for, equivalently, investment) lead to a higher income per person and higher consumption per person b. higher income per person and lower consumption per person c. higher income per person but not necessarily higher consumption per person d. higher consumption per person if the saving rate rises from an already high level and lower consumption per person if the saving...
7. Assume that the long-run production function can be expressed as Q-SKL? Where Q is quantity of output, K is the quantity of capital and L is the quantity of labor. If capital is fixed at 10 units in the short run then the short-run production function is: Q=10KL b. Q=50KL? Q=10L? d. 0=50L Q=500KL 8. For a linear total cost function: a. MC will be downward sloping b. MC = AVC c. AVC is upward sloping and linear d....
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...
Please help with these questions,
Question 1 0.16 pts Use the following scenario to answer the following questions: Carmela's Churros is a perfectly competitive firm that sells desserts in Houston Texas. Carmela's Churros currently is taking in $40,000 in revenues, and has $15,000 in explicit costs and $25,000 in implicit costs. Holding all else constant, the price of churros in this market will O stay where it is increase in the long run. decrease in the long run. O decrease...
Part C: Assorted short questions C1. Multiple choice while the short-run C.1.1 The long-run model determines output and model determines and inflation, a. potential, long-run inflation, current output; current b. potential, unemployment; current output; long-run c. current; long-run inflation, unemployment; current d. potential; unemployment; unemployment; current e. current, unemployment; potential output; current | СРІ Quarter Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 1 109.4 110.0 110.5 110.7 111.4 112.1 112.6 113.0 113.5 114.1 C.1.2 The table above...
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