Homework Answers
Answer - Option B
Consumption is $ 150
Consumption can never be zero or negative. The consumtion is rising by $ 75 with income change of $ 100. In this manner , it will be $ 150 at 0 income
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Question 9 (1 point) Use the figure below to answer the following questions. Price...
GIVE ONLY ANSWERS AND ANSWER ALL 130 120 100 90 o 15.0 155 16.0 165 170...
GIVE ONLY ANSWERS AND ANSWER ALL
130 120 100 90 o 15.0 155 16.0 165 170 175 Real GDP (trillions of 2009 dollars) 24) 24) In the above figure, the curve labeled A shifts rightward f B) the quantity of money decreases. D) the substitution effect occurs. A) expected future profits decrease C) taxes decrease. 25) 25) In the United States, of the following decades inflation was highest during the- - D) 2000s C) 1990s A) 1960s B) 1970s 26)...
Use figures below to answer the following questions. For a respective question, just indicate Figure a,...
Use figures below to answer the following questions. For a respective question, just indicate Figure a, b, c, d, all, or none 1 mark each Price level Price level SAS SAS SAS SAS AD AD Real GDP 0 Real GDP O (a) (b) Price level Price level SAS SAS AD AD AD AD Real GDP Real GDP (c) (d) 1. Which figure(s) illustrate the effect of a decrease in expected future profits? 2. Which figure(s) illustrate the effect of a...
Use the data in the following table for a private closed economy to answer the next...
Use the data in the following table for a private closed economy to answer the next question. All figures are in billions of dollars. Domestic Output or Income (GDP = DI) Consumption $540 $540 560 555 580 570 600 585 620 600 640 615 660 630 The MPC and multiplier are, respectively 0.80 and 5. 0.75 and 4 0.75 and 1.33 0.80 and 1.25 Question 20 1 pts Use the following graph with data for a private closed economy to...
Refer to the following graph to answer the following questions: Price, Costs, and Revenue (Dollars) 0...
Refer to the following graph to answer the following questions: Price, Costs, and Revenue (Dollars) 0 200 400 600 800 1,000 Quantity of Output (Units per Day) In the long run, the demand curve for the monopolistically competitive firm would shift leftward. remain the same, causing the entry of new.firms to be impossible. O shift rightward. move closer to the marginal revenue curve, but the marginal revenue curve would be held constant. Oshift rightward, causing the entry of new firms...
Question 5 I Consider the macroeconomic data shown below for a hypothetical country's economy. Complete the...
Question 5 I Consider the macroeconomic data shown below for a hypothetical country's economy. Complete the table Disposable Desired Income (YD) Consumption (C) Desired Savings (S) APC APS MPC MPS 0 100 200 300 400 500 600 700 800 150 225 300 375 450 525 600 675 750
QUESTION 7 Refer to the information provided in Table &.4 below to answer the questions that...
QUESTION 7 Refer to the information provided in Table &.4 below to answer the questions that fallow. Table 84 All Figures in Billions of Dollars Aggregate Output Aggregate Consumption Planned Investment 100 160 20 200 240 20 20 300 320 400 400 20 500 480 20 Refer to Table 8.4. At an aggregate output level of $200 billian, planned expenditure equals O $160 billion. O $220 billion. O $260 billion. O $410 billion. QUESTION & AE Refer to the informotion...
It's a Recession 75 Percent of Americans Say 140 Price level (GDP deflator, 2007=100) LAS SASO...
It's a Recession 75 Percent of Americans Say 140 Price level (GDP deflator, 2007=100) LAS SASO 130 In a telephone poll of over 1,000 adult Americans, 75 percent said they believe the nation is now in a recession. Of those who think the economy is in a recession, 27 percent said they believe we are in a serious rocossion Americans are less confident in the future of the economy than they were in March. The poll showed that 23 percent...
Consider an economy with an inflationary gap. The advantage of using a contractionary fiscal policy rather...
Consider an economy with an inflationary gap. The advantage of using a contractionary fiscal policy rather than allowing the economy's natural adjustment mechanism to operate is that O A private sector expenditures increase on their own, the policy will stabilize real GDP. OB. It will shorten what might otherwise be a long recession OC. will reduce the inflationary pressure on prices that would otherwise ocur. OD. It wil dose the output gap. Click to select your answer MacBook Air Assume...
Chapter 9 Part 2: Homework Problems Done 9. (Figure: Determining SRAS Shifts 2) Aggregate Output (Q)...
Chapter 9 Part 2: Homework Problems Done 9. (Figure: Determining SRAS Shifts 2) Aggregate Output (Q) Which of the following might cause a change in short-run aggregate supply? Unions successfully negotiate higher wages. Consumer incomes decrease. Businesses are increasingly optimistic about the future. Taxes on businesses increase. Start: 4:2S PM Aggregate Price Level (P) Done Chapter 9 Part 2: Homework Problems 11. (Figure: Shifting SRAS and AD) 200 180 SRAS 160 140 120 AD2 100 80 a 6아- AD 40아-...
1. Aggregate expenditure and income The following table shows consumption (C), investment (I), government purchases (G),...
1. Aggregate expenditure and income The following table shows consumption (C), investment (I), government purchases (G), and net exports (X−IM) in a hypothetical economy for various levels of real GDP (Y). Assume that the price level remains unchanged at all levels of income. All figures are in billions of dollars. Compute total expenditure for each income level, and fill in the last column in the following table. Y C I G X−IM Total Expenditure 500 300 150 200 -100 600...
GIVE ONLY ANSWERS AND ANSWER ALL
130 120 100 90 o 15.0 155 16.0 165 170 175 Real GDP (trillions of 2009 dollars) 24) 24) In the above figure, the curve labeled A shifts rightward f B) the quantity of money decreases. D) the substitution effect occurs. A) expected future profits decrease C) taxes decrease. 25) 25) In the United States, of the following decades inflation was highest during the- - D) 2000s C) 1990s A) 1960s B) 1970s 26)...
Use figures below to answer the following questions. For a respective question, just indicate Figure a, b, c, d, all, or none 1 mark each Price level Price level SAS SAS SAS SAS AD AD Real GDP 0 Real GDP O (a) (b) Price level Price level SAS SAS AD AD AD AD Real GDP Real GDP (c) (d) 1. Which figure(s) illustrate the effect of a decrease in expected future profits? 2. Which figure(s) illustrate the effect of a...
Use the data in the following table for a private closed economy to answer the next question. All figures are in billions of dollars. Domestic Output or Income (GDP = DI) Consumption $540 $540 560 555 580 570 600 585 620 600 640 615 660 630 The MPC and multiplier are, respectively 0.80 and 5. 0.75 and 4 0.75 and 1.33 0.80 and 1.25 Question 20 1 pts Use the following graph with data for a private closed economy to...
Refer to the following graph to answer the following questions: Price, Costs, and Revenue (Dollars) 0 200 400 600 800 1,000 Quantity of Output (Units per Day) In the long run, the demand curve for the monopolistically competitive firm would shift leftward. remain the same, causing the entry of new.firms to be impossible. O shift rightward. move closer to the marginal revenue curve, but the marginal revenue curve would be held constant. Oshift rightward, causing the entry of new firms...
Question 5 I Consider the macroeconomic data shown below for a hypothetical country's economy. Complete the table Disposable Desired Income (YD) Consumption (C) Desired Savings (S) APC APS MPC MPS 0 100 200 300 400 500 600 700 800 150 225 300 375 450 525 600 675 750
QUESTION 7 Refer to the information provided in Table &.4 below to answer the questions that fallow. Table 84 All Figures in Billions of Dollars Aggregate Output Aggregate Consumption Planned Investment 100 160 20 200 240 20 20 300 320 400 400 20 500 480 20 Refer to Table 8.4. At an aggregate output level of $200 billian, planned expenditure equals O $160 billion. O $220 billion. O $260 billion. O $410 billion. QUESTION & AE Refer to the informotion...
It's a Recession 75 Percent of Americans Say 140 Price level (GDP deflator, 2007=100) LAS SASO 130 In a telephone poll of over 1,000 adult Americans, 75 percent said they believe the nation is now in a recession. Of those who think the economy is in a recession, 27 percent said they believe we are in a serious rocossion Americans are less confident in the future of the economy than they were in March. The poll showed that 23 percent...
Consider an economy with an inflationary gap. The advantage of using a contractionary fiscal policy rather than allowing the economy's natural adjustment mechanism to operate is that O A private sector expenditures increase on their own, the policy will stabilize real GDP. OB. It will shorten what might otherwise be a long recession OC. will reduce the inflationary pressure on prices that would otherwise ocur. OD. It wil dose the output gap. Click to select your answer MacBook Air Assume...
Chapter 9 Part 2: Homework Problems Done 9. (Figure: Determining SRAS Shifts 2) Aggregate Output (Q) Which of the following might cause a change in short-run aggregate supply? Unions successfully negotiate higher wages. Consumer incomes decrease. Businesses are increasingly optimistic about the future. Taxes on businesses increase. Start: 4:2S PM Aggregate Price Level (P) Done Chapter 9 Part 2: Homework Problems 11. (Figure: Shifting SRAS and AD) 200 180 SRAS 160 140 120 AD2 100 80 a 6아- AD 40아-...
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