Homework Answers
Ans) the correct option is e) firms must have become more pessimistic.
When firms become more pessimistic, real GDP will fall because investment will decrease.
Exhibit 23-6 Spending Year 1 Year 2 Year 3 Reference: Ref 11-4 According to Exhibit 23-6,...
Exhibit 23-6 Spending Year 1 Year 2 Year 3 Reference: Ref 11-4 According to Exhibit 23-6, line abd shows the path of potential GDP. In Year 2, suppose the expenditure line intersects the 45-degree line at the level of spending corresponding to point b. If, in Year 3, the economy is at point c, then the economy spent more on real GDP than it would have if real GDP equaled potential GDP in Year 3. o the expenditure line has...
Exhibit 23-5 Spending 45-degree line E Expenditure line Income or Real GDP Reference: Ref 11-3 If...
Exhibit 23-5 Spending 45-degree line E Expenditure line Income or Real GDP Reference: Ref 11-3 If spending was equal to the amount corresponding to point B in Exhibit 23-5, aggregate output would increase. aggregate output would decrease. spending is too high, and the expenditure line will shift down. the economy would be in equilibrium the marginal propensity to consume would increase.
QUESTION 1 G E. H. C A Finish Start D. Complete the network activity diagram using the table below to answer questio...
QUESTION 1 G E. H. C A Finish Start D. Complete the network activity diagram using the table below to answer questions 1-15. The expected activity completion times are provided in days. Each question is 1 point. Most Probable Activity Optimistic Pessimistic A 7 B 12 C 5 12 7 E 10 15 20 6 9 18 G 6 13 H 11 What is the early start (ES) time for activity F? 13 12 10 None of the above are...
For each of the cases below, indicate whether the price level and level of real GDP...
For each of the cases below, indicate whether the price level and level of real GDP will go "up","down", or stay the same." Assume that prices are flexible in both directions unless the information given indicates otherwise. The term in parentheses indicates whether the economy is operating in the immediate short run, short run, or long run. Answers may be used more than once. Expansionary fiscal policy. (long run) A. Price level down; real GDP same Development of alternative energy...
Exhibit 8-8 Aggregate expenditures function Real consumption and Investment expenditures (trillions of dollars per year) om...
Exhibit 8-8 Aggregate expenditures function Real consumption and Investment expenditures (trillions of dollars per year) om 0 1 2 3 4 5 6 7 8 9 10 Real disposable income (trillions of dollars per year) 23. In Exhibit 8-8, what is the households' marginal propensity to consume (MPC)? 20.5. c. 0.8. b. 0.75 d. 1. 24. Using the Keynesian aggregate expenditures model, which of the following is true? a Macro equilibrium may occur at levels of real GDP other than...
my 2 Subtitle Subtle Em Emphasis Paragraph Styles 1. GDP is defined as the a value...
my 2 Subtitle Subtle Em Emphasis Paragraph Styles 1. GDP is defined as the a value of all goods and services produced within a country in a given period of time. b. value of all goods and services produced by the citizens of a country, regardless of where they are living in a given period of time. value of all final goods and services produced within a country in a given period of time. value of all final goods and...
Q1) If nominal GDP increases, then real GDP. a. Must decrease b. Must increase c. Must...
Q1) If nominal GDP increases, then real GDP. a. Must decrease b. Must increase c. Must not change d. Could increase, decrease or not change . . . Q2) The Bureau of Labor Statistics counts Michael as being un employed if he a Had a job last month but not this month b. Wants a job and looked for a job last year but has now stopped looking c. Does not have a job because the U.s factory where he...
Given the schema S= < { A,B,C,D,E,G,H }, F>, where F represents the following dependencies: AB→D A→D E→B...
Given the schema S= < { A,B,C,D,E,G,H }, F>, where F represents the following dependencies: AB→D A→D E→B E→C G→C E→A EB→GH H → A Find a minimal cover for this schema. Find a key for this schema. Find a third normal form decomposition for this schema. Find a BCN form decomposition for this schema.
Real GDP (Y) can be decomposed into the sum of spending by consumers (C), firms (I),...
Real GDP (Y) can be decomposed into the sum of spending by consumers (C), firms (I), the government (G) and net exports (X-M). Y = C + I + G + NX. A common approach taken in exploring real GDP developments is to explore how each of these four spending components identified will develop in the near future. For example, if consumer confidence (an example of a forward looking indicator) is increasing, this is usually taken as a signal that...
According to the textbook, which of the following statements is (are) correct? (x) If real GDP...
According to the textbook, which of the following statements is (are) correct? (x) If real GDP is higher in one country than in another, it is not necessarily true that the standard of living is higher in the country with the higher real GDP. (y) Real GDP per person is not a perfect measure of the well-being of individuals in society because it excludes things like leisure time, the value of goods produced at home, and environmental quality. (z) Poor...
Exhibit 23-6 Spending Year 1 Year 2 Year 3 Reference: Ref 11-4 According to Exhibit 23-6, line abd shows the path of potential GDP. In Year 2, suppose the expenditure line intersects the 45-degree line at the level of spending corresponding to point b. If, in Year 3, the economy is at point c, then the economy spent more on real GDP than it would have if real GDP equaled potential GDP in Year 3. o the expenditure line has...
Exhibit 23-5 Spending 45-degree line E Expenditure line Income or Real GDP Reference: Ref 11-3 If spending was equal to the amount corresponding to point B in Exhibit 23-5, aggregate output would increase. aggregate output would decrease. spending is too high, and the expenditure line will shift down. the economy would be in equilibrium the marginal propensity to consume would increase.
QUESTION 1 G E. H. C A Finish Start D. Complete the network activity diagram using the table below to answer questions 1-15. The expected activity completion times are provided in days. Each question is 1 point. Most Probable Activity Optimistic Pessimistic A 7 B 12 C 5 12 7 E 10 15 20 6 9 18 G 6 13 H 11 What is the early start (ES) time for activity F? 13 12 10 None of the above are...
For each of the cases below, indicate whether the price level and level of real GDP will go "up","down", or stay the same." Assume that prices are flexible in both directions unless the information given indicates otherwise. The term in parentheses indicates whether the economy is operating in the immediate short run, short run, or long run. Answers may be used more than once. Expansionary fiscal policy. (long run) A. Price level down; real GDP same Development of alternative energy...
Exhibit 8-8 Aggregate expenditures function Real consumption and Investment expenditures (trillions of dollars per year) om 0 1 2 3 4 5 6 7 8 9 10 Real disposable income (trillions of dollars per year) 23. In Exhibit 8-8, what is the households' marginal propensity to consume (MPC)? 20.5. c. 0.8. b. 0.75 d. 1. 24. Using the Keynesian aggregate expenditures model, which of the following is true? a Macro equilibrium may occur at levels of real GDP other than...
my 2 Subtitle Subtle Em Emphasis Paragraph Styles 1. GDP is defined as the a value of all goods and services produced within a country in a given period of time. b. value of all goods and services produced by the citizens of a country, regardless of where they are living in a given period of time. value of all final goods and services produced within a country in a given period of time. value of all final goods and...
Q1) If nominal GDP increases, then real GDP. a. Must decrease b. Must increase c. Must not change d. Could increase, decrease or not change . . . Q2) The Bureau of Labor Statistics counts Michael as being un employed if he a Had a job last month but not this month b. Wants a job and looked for a job last year but has now stopped looking c. Does not have a job because the U.s factory where he...
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