Homework Answers
Option 4 is correct
Fluctuations in the growth rate of GDP across time are called - business cycles
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Fluctuations in the growth rate of GDP across time are called: inflation aggregate demand recessions business...
The figure shows the fluctuations in aggregate output since 1900. 17.000 TIL 11.000 Recession 2008-2009 Recession...
The figure shows the fluctuations in aggregate output since 1900. 17.000 TIL 11.000 Recession 2008-2009 Recession 1980-1982 Recession Recession 2001 1974-1975 Recession Vietnam 1990-1991 Firse oil shock ou shock Korean World War War Il Aggregate output (real GDP) in billions of 200 Roaring Twenties World War! Tie Cat mm 1920 1900 1910 LLLLLLLLL 1950 1960 Years LLLLLLLLLLLLLLLLLLL 1970 1980 1990 2000 2010 2017 MyLab Economics Real-time data According to the figure, which of the following is true regarding business cycles...
Question 1 (Inflation and the Macroeconomy) Distinguish between demand-pull inflation and cos (aggregate demand/aggregate supply) model...
Question 1 (Inflation and the Macroeconomy) Distinguish between demand-pull inflation and cos (aggregate demand/aggregate supply) model to illustrate the theoretical effects of these two types of inflation on the price level (P), employment (L) and economic growth (real GDP) the short run. Now identify the various factors that have contributed towards demand-pul inflation and cost-push inflation in South Africa and critically analyse whether they are consistent with the predictions of the AD-AS model. (20 marks) Question 2 (Global Developments) Use...
How do the calculated values for inflation, the real GDP growth rate and nominal GDP growth...
How do the calculated values for inflation, the real GDP growth rate and nominal GDP growth rate relate to each other? A. They are related in that the growth rate in real GDP plus inflation rate equals (approximately) the growth rate in nominal GDP. B.They are related in that the growth rate in real GDP minus inflation rate equals (approximately) the growth rate in nominal GDP. C.They are related in that the growth rate in nominal GDP plus inflation rate...
Inflation rate is 7,8, target inflation rate is 2,1, GDP growth is 5,2, potential GDP growth...
Inflation rate is 7,8, target inflation rate is 2,1, GDP growth is 5,2, potential GDP growth is 2,7, equilibrium real fed funds rate is 1,8. Given this, what should the target level of the Federal funds rate?
Inflation rate is 7,8, target inflation rate is 2,1, GDP growth is 5,2, potential GDP growth...
Inflation rate is 7,8, target inflation rate is 2,1, GDP growth is 5,2, potential GDP growth is 2,7, equilibrium real fed funds rate is 1,8. Given this, what should the target level of the Federal funds rate?
1. Business cycles a. are explained mostly by fluctuations in corporate profits. b. no longer are very important due to government policy. c. are fluctuations in real GDP and related variables over time. d. All of the above are
1. Business cycles a. are explained mostly by fluctuations in corporate profits.b. no longer are very important due to government policy.c. are fluctuations in real GDP and related variables over time.d. All of the above are correct.
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...
42. On a given aggregate demand curve, if the rate of spending growth is 10% and the growth rate of the money suppl...
42. On a given aggregate demand curve, if the rate of spending growth is 10% and the growth rate of the money supply is 2%, then the velocity of money must be growing at: A) 5% B) 8%. 12%. D) 20% 43. According to the quantity theory of money, if both the growth rate of the money supply and the velocity of money are fixed, then a higher inflation rate means: A) a higher real growth rate. B) no change...
1. Unemployment increases and inflation decreases whenever: a. aggregate demand shifts right b. aggregate demand shifts...
1. Unemployment increases and inflation decreases whenever: a. aggregate demand shifts right b. aggregate demand shifts left c. aggregate supply shifts left d. aggregate supply shifts right 2. Suppose that the output was two hundred million in 2017 and two hundred and ten million in 2018. Then, then the growth rate in GDP between 2017 and 2018 would be? a. 10% b. 5% c. 15% d. 20% 3. Suppose that the unemployment rate exceeds the natural rate, then a. the...
24 26) Suppose the U.S. GDP growth rate is faster relative to other countries' GDP growth...
24 26) Suppose the U.S. GDP growth rate is faster relative to other countries' GDP growth rates. This A) shifts the aggregate demand curve to the right. B) shifts the aggregate demand curve to the left. C) moves the economy up along a stationary aggregate demand curve. D) moves the economy down along a stationary aggregate demand curve.
The figure shows the fluctuations in aggregate output since 1900. 17.000 TIL 11.000 Recession 2008-2009 Recession 1980-1982 Recession Recession 2001 1974-1975 Recession Vietnam 1990-1991 Firse oil shock ou shock Korean World War War Il Aggregate output (real GDP) in billions of 200 Roaring Twenties World War! Tie Cat mm 1920 1900 1910 LLLLLLLLL 1950 1960 Years LLLLLLLLLLLLLLLLLLL 1970 1980 1990 2000 2010 2017 MyLab Economics Real-time data According to the figure, which of the following is true regarding business cycles...
Question 1 (Inflation and the Macroeconomy) Distinguish between demand-pull inflation and cos (aggregate demand/aggregate supply) model to illustrate the theoretical effects of these two types of inflation on the price level (P), employment (L) and economic growth (real GDP) the short run. Now identify the various factors that have contributed towards demand-pul inflation and cost-push inflation in South Africa and critically analyse whether they are consistent with the predictions of the AD-AS model. (20 marks) Question 2 (Global Developments) Use...
Inflation rate is 7,8, target inflation rate is 2,1, GDP growth is 5,2, potential GDP growth is 2,7, equilibrium real fed funds rate is 1,8. Given this, what should the target level of the Federal funds rate?
Inflation rate is 7,8, target inflation rate is 2,1, GDP growth is 5,2, potential GDP growth is 2,7, equilibrium real fed funds rate is 1,8. Given this, what should the target level of the Federal funds rate?
42. On a given aggregate demand curve, if the rate of spending growth is 10% and the growth rate of the money supply is 2%, then the velocity of money must be growing at: A) 5% B) 8%. 12%. D) 20% 43. According to the quantity theory of money, if both the growth rate of the money supply and the velocity of money are fixed, then a higher inflation rate means: A) a higher real growth rate. B) no change...
1. Unemployment increases and inflation decreases whenever: a. aggregate demand shifts right b. aggregate demand shifts left c. aggregate supply shifts left d. aggregate supply shifts right 2. Suppose that the output was two hundred million in 2017 and two hundred and ten million in 2018. Then, then the growth rate in GDP between 2017 and 2018 would be? a. 10% b. 5% c. 15% d. 20% 3. Suppose that the unemployment rate exceeds the natural rate, then a. the...
24 26) Suppose the U.S. GDP growth rate is faster relative to other countries' GDP growth rates. This A) shifts the aggregate demand curve to the right. B) shifts the aggregate demand curve to the left. C) moves the economy up along a stationary aggregate demand curve. D) moves the economy down along a stationary aggregate demand curve.
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