Homework Answers
Question 10:
Exactly 0%.
This can be calculated by the quantity theory of money which is as follows:
%change in money supply + % change in velocity
= % change in prices + % change in GDP/output
or, % change in price level = 2.5 - 2.5 = 0
Question 11:
None of the listed answers are correct.
This is because the maximum possible change in checkable deposits is 800000/0.1= 8000,000.
Question 16:
Protectionism leads to higher prices on imported goods and likely retaliation by foreign governments(which will hurt our exports).
Add Answer to:
Question 10 1 pts Assume that velocity is stable during a particular year. If the Fed...
Question 26 One way to avoid protectionist restrictions would be to privatization make the last significant...
Question 26 One way to avoid protectionist restrictions would be to privatization make the last significant change to the product here in the US impose tariffs do away with quotas Question 27 The negative impact of protectionism is when M decrease due to higher US producer prices politicians lose their jobs jobs are lost in the protected industry P increases in the protected industry causing less C in other industries Question 28 Which of the following facts is true about...
DQuestion 1 2 pts The dynamic laws of supply and demand tell us that: prices have...
DQuestion 1 2 pts The dynamic laws of supply and demand tell us that: prices have a natural tendency to rise or increase even when the quantity supplied equals the quantities demanded. excess demand leads to a tendency of prices to fall or decrease. the greater the excess supply, the greater the tendency of prices to fall or decrease. excess supply leads to a tendency of prices to rise or increase. D Question 2 2 pts Simple Supply and Demand...
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...
1 pts D Question 9 Let's assume that the economy is experiencing a recession. A government...
1 pts D Question 9 Let's assume that the economy is experiencing a recession. A government economist advises the president to put pressure on the Federal Reserve Chair to increase the money supply. She also recommends for the government to increase spending on Social Security, welfare programs, roads, highways and other construction projects. According to our text, what are potential disadvantages if this recommendation is implemented? The economy will grow too fast in the short run and unemployment will fall...
Incorrect Question 8 0/1 pts If the economy is rising above potential real GDP, which of...
Incorrect Question 8 0/1 pts If the economy is rising above potential real GDP, which of the following would be an appropriate fiscal policy to bring the economy back to long-run aggregate supply? A decrease in Ooil prices. government purchases. O taxes. the money supply and an increase in interest rates.
Question 31 2 pts In a small open-economy, assume short-run equilibrium levels of output are below...
Question 31 2 pts In a small open-economy, assume short-run equilibrium levels of output are below the natural rate of output. Going from the short-run to the long-rurn equilibrium, output will land prices will decrease; decrease decrease; increase increase; decrease increase: increase Question 32 2 pts Based on the below graph, if the economy starts from a short-term equilibrium at Point A, then the long-run equilibrium will be at-_ with a __ price level. Exhibit: Short Run to Long Run...
If nominal GDP is $48,000 million, and the money supply is $6,000 million, then the velocity...
If nominal GDP is $48,000 million, and the money supply is $6,000 million, then the velocity of money is equal to Question 33 options: 1) 8 2) 3.1 3) 49.6 4) 0.025 Question 34 (2.5 points) This society’s Unemployment Rate is__________ Type A Type B Type C Type D Do you currently have a job? No Yes No No Are you currently seeking a job? No Yes Yes No Number of people of this type 700,000 220,000 80,000 600,000 Question...
5. Suppose in the United States economy, the rate of money growth for the current year is 8 percent, the velocity of mon...
5. Suppose in the United States economy, the rate of money growth for the current year is 8 percent, the velocity of money in circulation is constant, and inflation is expected to be about 2 percent over the current year. What is the short run economic growth rate? A) 16 percent B) 10 percent C) 8 percent D) 6 percent E) 4 percent 8. The fisher effect matters in terms of inflation given that A) borrowers agree to loan terms...
D Question 5 1 pts A politician proposes to increase the income tax on top earners. He claims this will increase...
D Question 5 1 pts A politician proposes to increase the income tax on top earners. He claims this will increase private sector economic output. This clairm O does not make sense: income tax does not affect economic nutput. O makes sense; more taxes will increase government spending and help the economy. O might make sense: if the tax policy is structured correctly, it can incentivize economic activity. O makes sense; more taxes on top earners will improve productivity of...
1. Jordan loaned Taylor $1,200 on March 15, 2009. Taylor returned $1,260 on March 14, 2010....
1. Jordan loaned Taylor $1,200 on March 15, 2009. Taylor returned $1,260 on March 14, 2010. Inflation was 2% over the 1-year period. What is the real interest rate that Taylor paid? 5% 2% 3% 7% 2. Which of the following is an example of money illusion assuming that inflation is 5%? You receive a 10% raise at your part-time job and start spending extra money on entertainment every weekend. You do not receive a raise at your part-time job...
DQuestion 1 2 pts The dynamic laws of supply and demand tell us that: prices have a natural tendency to rise or increase even when the quantity supplied equals the quantities demanded. excess demand leads to a tendency of prices to fall or decrease. the greater the excess supply, the greater the tendency of prices to fall or decrease. excess supply leads to a tendency of prices to rise or increase. D Question 2 2 pts Simple Supply and Demand...
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...
1 pts D Question 9 Let's assume that the economy is experiencing a recession. A government economist advises the president to put pressure on the Federal Reserve Chair to increase the money supply. She also recommends for the government to increase spending on Social Security, welfare programs, roads, highways and other construction projects. According to our text, what are potential disadvantages if this recommendation is implemented? The economy will grow too fast in the short run and unemployment will fall...
Incorrect Question 8 0/1 pts If the economy is rising above potential real GDP, which of the following would be an appropriate fiscal policy to bring the economy back to long-run aggregate supply? A decrease in Ooil prices. government purchases. O taxes. the money supply and an increase in interest rates.
Question 31 2 pts In a small open-economy, assume short-run equilibrium levels of output are below the natural rate of output. Going from the short-run to the long-rurn equilibrium, output will land prices will decrease; decrease decrease; increase increase; decrease increase: increase Question 32 2 pts Based on the below graph, if the economy starts from a short-term equilibrium at Point A, then the long-run equilibrium will be at-_ with a __ price level. Exhibit: Short Run to Long Run...
D Question 5 1 pts A politician proposes to increase the income tax on top earners. He claims this will increase private sector economic output. This clairm O does not make sense: income tax does not affect economic nutput. O makes sense; more taxes will increase government spending and help the economy. O might make sense: if the tax policy is structured correctly, it can incentivize economic activity. O makes sense; more taxes on top earners will improve productivity of...
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