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Enlarge Image 1) What would be the BEST name for the area marked with the number...
1. Your friend asked you what a business cycle means. You tell them that a business...
1. Your friend asked you what a business cycle means. You tell them that a business cycle reflects changes in real GDP. Then you tell them that the stages of a business cycle in correct order are: a. expansion, trough, recession, peak b. expansion, peak, recession, trough c. trough, expansion, recession, peak 2. The point of a fluctuation at which economy turns from a peak to a trough is called a/an ________. a. recession b. Peak c. Expansion 3. Economic...
5. If data indicate the economy is in recession and members of Congress are working to...
5. If data indicate the economy is in recession and members of Congress are working to pass legislation to encourage economic growth, which of the following has almost certainly occurred? a. Realization of results b. Recognition of change in the economy c. Implementation of policy d. Analysis of policy's effectiveness 6. Which of the following is a significant decline in general economic activity over an extended period that includes declining real income and rising unemployment? a. A business cycle b....
Question: Aggregate Demand stimulus, TARP (Troubled Asset Relief Program) and or also called the bailout package helped...
Question: Aggregate Demand stimulus, TARP (Troubled Asset Relief Program) and or also called the bailout package helped to prevent the 2007-2009 US economy's downturn from becoming another Great Depression. Why was the stimulus-fueled recovery substantially weaker than expected? Article: Aggregate Demand Stimulus Helped to Prevent the 2007–2009 Downturn from Becoming Another Great Depression. But Why Was the Stimulus-Fueled Recovery Substantially Weaker Than Expected? In retrospect, it is clear that the U.S. economy was in a precarious position in 2006. Trillions of...
U PLS (SLO/EO: 11a) If the U.S. dollar depreciates relative to currencies in other countries, then...
U PLS (SLO/EO: 11a) If the U.S. dollar depreciates relative to currencies in other countries, then U.S. imports will and exports will increase; increase decrease, decrease decrease; increase increase; decrease Question 30 3 pts (SLO/EO: 6,12) Long recessions often follow banking crises because: banking crises may cause a surplus of credit, so that interest rates fall to levels so low that investors earn very little in interest income. the vicious cycle of deleveraging that follows leads to overpriced assets. consumer...
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...
Among the most important problems of implementing fiscal policy include all except which of the following?...
Among the most important problems of implementing fiscal policy include all except which of the following? Correctly timing the desired fiscal stimulus, given the inevitable lags and forecasting errors Determining how large a stimulus to apply Assessing when policy actions should be reversed Determining how long a time lag to apply If the central bank does not use accommodating monetary policy, a fiscal stimulus is likely to increase interest rates, which in turn, will cause planned investment to decrease. What...
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...
1.b. Fiscal policy is said to suffer from ‘crowding out’. Explain what this means and why...
1.b. Fiscal policy is said to suffer from ‘crowding out’. Explain what this means and why it is a problem. Should the Federal budget always be balanced? 2. a. Describe the main goals of monetary policy and explain how a change in interest rates can affect the different categories of aggregate demand. (5 marks) b. You are the Reserve Bank Governor and are reviewing the following economic data: Real GDP growth rate: 4.2% Unemployment rate: 4.6% Inflation rate: 3.8% Determine...
Article: WITH the Chinese government still trying to slow credit growth after releasing a flood of...
Article: WITH the Chinese government still trying to slow credit growth after releasing a flood of lending from state-owned banks in 2009, stimulus is a toxic word in Beijing. From the prime minister on down, the official line has consistently been that China neither needs nor wants another stimulus, and that the focus is instead on reforms to put the slowing economy on a stable footing for the long run. So it was notable last month when Chen Dongqi, vice-head...
U PLS (SLO/EO: 11a) If the U.S. dollar depreciates relative to currencies in other countries, then U.S. imports will and exports will increase; increase decrease, decrease decrease; increase increase; decrease Question 30 3 pts (SLO/EO: 6,12) Long recessions often follow banking crises because: banking crises may cause a surplus of credit, so that interest rates fall to levels so low that investors earn very little in interest income. the vicious cycle of deleveraging that follows leads to overpriced assets. consumer...
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...
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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