Homework Answers
16.An increase in expected rate of return on investment increases investment and shifts AD to the right.
Answer-C
17.A decline in income of trading partners reduces exports and AD falls.
Answer-D
18.Import demand rises with fall in price of imported goods.AD falls when import rises.
Answer-D
19.A decrease in government spending reduces AD.
Answer-D.
20.A rise in price of energy increases cost of production and shifts AS to the left.
Answer-B
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Use the following to answer questions 16-20: Use the following diagrams for the U.S. economy to...
Ise the following diagrams for the U.S. economy to answer the following question AS, AS₂ AS₂...
Ise the following diagrams for the U.S. economy to answer the following question AS, AS₂ AS₂ AS, Price Level Price Level AD Real Domestic Output (A) AD Real Domestic Output (B) AS AS Price Level Price Level AD AD Real Domestic Output (C) AD AD Real Domestic Output (D) Which of the diagrams best portrays the effects of declines in the incomes of U.S. tradin partners? C. В. А. D acer
Use the following diagrams for the U.S. economy to answer the following question. AS AS ASZ...
Use the following diagrams for the U.S. economy to answer the following question. AS AS ASZ AS, Level Price Level Price Level AD Real Domestic Output (A) AD Real Domestic Output (B) AS AS Price Level Price Level AD2 AD Real Domestic Output (C) AD AD Real Domestic Output (D) effoductivity Which of the diagrams best portrays the effects of an increase in resource płodu
Please answer questions through 10 by referring to the following rete demand (AD) and aggregate supply...
Please answer questions through 10 by referring to the following rete demand (AD) and aggregate supply (AS) diagrams. In each case the initiall e A Prise level PA and real output and the subsequent equilibrium at point B (Price level and real output level ya) Price level Panel 1 Panel II AD AS. Price level AD ADA as real GDP YA real GDP Panel III Panel IV Price level Price level AD ADA AD, AS ASS ASA PR YB real...
11 & 12 Use the following graph for questions 11 & 12. AS, Price level Real...
11 & 12
Use the following graph for questions 11 & 12. AS, Price level Real domestic output, GDP 11. In the above diagram, a shift from ASi to AS3 might be caused by a(n): A. increase in productivity B. decrease in the prices of imported resources C. increase in the prices of domestic resources D. decrease in business taxes. 12. In the above diagram, a shift from AS1 to AS2 might be caused by a(n): A. decrease in productivity...
Question 21 1 pts Use the following table which shows the aggregate demand and aggregate supply...
Question 21 1 pts Use the following table which shows the aggregate demand and aggregate supply schedule for a hypothetical economy to answer the next question. Real Domestic Output Demanded Price Level Real Domestic Output Supplied (in billions) (index value) (in billions) $3,000 350 $9,000 4,000 300 8,000 5,000 250 7,000 6,000 200 6,000 7,000 150 5,000 8,000 100 4,000 At the price level of 150, there will be a general surplus in the economy, and output supplied will decrease...
Use the following graph to answer the next question. Price Level AD2 AD AD Real Domestic...
Use the following graph to answer the next question. Price Level AD2 AD AD Real Domestic Output, GDP What combination would most likely cause a shift from AD, to AD2? A) An increase in taxes and an increase in government purchases A decrease in taxes and an increase in government purchases A decrease in taxes and a decrease in government purchases D) An increase in taxes and no change in government purchases
4. Imagine that you live in an economy that is illustrated by the following AS -...
4.
Imagine that you live in an economy that is illustrated by the following AS - AD model. Which of the following best describes the impact that is caused from a shift in AD from AD1 to AD2? AS1 Prices Ful Employment GDP Real GDP Real GDP falls and the unemployment rate also falls. Real GDP falls and the price level rises. Real GDP falls and the price level falls. Real GDP rises and the price level rises.
Suppose that an economy produces 2,400 units of output, employing 60 units of input with a...
Suppose that an economy produces 2,400 units of output, employing 60 units of input with a price of $30 per unit. The per-unit cost of production is $0.25. $0.50 $0.75 $2.00 Question 7 1 pts An increase in productivity will increase aggregate demand, increase aggregate supply. increase aggregate supply and aggregate demand. o decrease aggregate supply and aggregate demand. Question 8 Use the following graph to answer the next question. Price Level - AD % % 0 Real Domestic Product,...
V. For each of the following four events (a-d, below), explain the short-run effects on U.S....
V. For each of the following four events (a-d, below), explain the short-run effects on U.S. output and the price level, assuming policymakers take no action. Please use a separate graph to illustrate each answer. EACH written answer should address: 1) WHICH curve AD, SRAS and/or LRAS is affected. (No explanation required). ***2)WHY the curve shifts (which determinant is responsible) EXPLAIN fully. 20:83)HOW (increase or decrease) the event described affects AD and/or SRAS and/or LRAS. No explanation required. 4) What...
Answer questions 4 through 10 based on the following information: Suppose the world price for clothing...
Answer questions 4 through 10 based on the following information: Suppose the world price for clothing is $50 per unit. Domestic demand and domestic supply are determined by the following equations: Domestic Demand: p=200-4 Domestic Supply: p= 20 + 4 where p and q represent price and quantity, respectively. 4. Suppose that any imported clothing is not allowed to enter the domestic market. Then the equilibrium price of domestic clothing is equal to A) $90 B) $100 C) $110 D)...
Ise the following diagrams for the U.S. economy to answer the following question AS, AS₂ AS₂ AS, Price Level Price Level AD Real Domestic Output (A) AD Real Domestic Output (B) AS AS Price Level Price Level AD AD Real Domestic Output (C) AD AD Real Domestic Output (D) Which of the diagrams best portrays the effects of declines in the incomes of U.S. tradin partners? C. В. А. D acer
Use the following diagrams for the U.S. economy to answer the following question. AS AS ASZ AS, Level Price Level Price Level AD Real Domestic Output (A) AD Real Domestic Output (B) AS AS Price Level Price Level AD2 AD Real Domestic Output (C) AD AD Real Domestic Output (D) effoductivity Which of the diagrams best portrays the effects of an increase in resource płodu
Please answer questions through 10 by referring to the following rete demand (AD) and aggregate supply (AS) diagrams. In each case the initiall e A Prise level PA and real output and the subsequent equilibrium at point B (Price level and real output level ya) Price level Panel 1 Panel II AD AS. Price level AD ADA as real GDP YA real GDP Panel III Panel IV Price level Price level AD ADA AD, AS ASS ASA PR YB real...
11 & 12
Use the following graph for questions 11 & 12. AS, Price level Real domestic output, GDP 11. In the above diagram, a shift from ASi to AS3 might be caused by a(n): A. increase in productivity B. decrease in the prices of imported resources C. increase in the prices of domestic resources D. decrease in business taxes. 12. In the above diagram, a shift from AS1 to AS2 might be caused by a(n): A. decrease in productivity...
Question 21 1 pts Use the following table which shows the aggregate demand and aggregate supply schedule for a hypothetical economy to answer the next question. Real Domestic Output Demanded Price Level Real Domestic Output Supplied (in billions) (index value) (in billions) $3,000 350 $9,000 4,000 300 8,000 5,000 250 7,000 6,000 200 6,000 7,000 150 5,000 8,000 100 4,000 At the price level of 150, there will be a general surplus in the economy, and output supplied will decrease...
Use the following graph to answer the next question. Price Level AD2 AD AD Real Domestic Output, GDP What combination would most likely cause a shift from AD, to AD2? A) An increase in taxes and an increase in government purchases A decrease in taxes and an increase in government purchases A decrease in taxes and a decrease in government purchases D) An increase in taxes and no change in government purchases
4.
Imagine that you live in an economy that is illustrated by the following AS - AD model. Which of the following best describes the impact that is caused from a shift in AD from AD1 to AD2? AS1 Prices Ful Employment GDP Real GDP Real GDP falls and the unemployment rate also falls. Real GDP falls and the price level rises. Real GDP falls and the price level falls. Real GDP rises and the price level rises.
Suppose that an economy produces 2,400 units of output, employing 60 units of input with a price of $30 per unit. The per-unit cost of production is $0.25. $0.50 $0.75 $2.00 Question 7 1 pts An increase in productivity will increase aggregate demand, increase aggregate supply. increase aggregate supply and aggregate demand. o decrease aggregate supply and aggregate demand. Question 8 Use the following graph to answer the next question. Price Level - AD % % 0 Real Domestic Product,...
V. For each of the following four events (a-d, below), explain the short-run effects on U.S. output and the price level, assuming policymakers take no action. Please use a separate graph to illustrate each answer. EACH written answer should address: 1) WHICH curve AD, SRAS and/or LRAS is affected. (No explanation required). ***2)WHY the curve shifts (which determinant is responsible) EXPLAIN fully. 20:83)HOW (increase or decrease) the event described affects AD and/or SRAS and/or LRAS. No explanation required. 4) What...
Answer questions 4 through 10 based on the following information: Suppose the world price for clothing is $50 per unit. Domestic demand and domestic supply are determined by the following equations: Domestic Demand: p=200-4 Domestic Supply: p= 20 + 4 where p and q represent price and quantity, respectively. 4. Suppose that any imported clothing is not allowed to enter the domestic market. Then the equilibrium price of domestic clothing is equal to A) $90 B) $100 C) $110 D)...
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