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Generally, when economists talk of the interest rate what are they talking about?

For the CPI, what is the base year? a. It is the year the CPI first appeared. O b. It is the benchmark against which other ye
Price Level Inflation Rate | 21 Output Unemployment fer to Figure 16-1. If the economy starts at cand 1, then in the short ru
How does the short-run Phillips curve model reflect an increase in the expected inflation? O a. as an upward movement along t
How are intermediate goods accounted for when calculating GDP? 10 a. The value of all intermediate goods is included in GDP.
Why is the long-run aggregate-supply curve vertical? O a. because money is neutral O b. because population grows slowly O c.
Which of the following was the primary cause of the large increase in oil prices in the 1970s? O a. an increase in the supply
According to liquidity-preference theory, why is the money-demand curve downward sloping? O a. because interest rates rise as
Which of the following is included in M2 but not in M1+? O a. term deposits O b. demand deposits O c. corporate bonds O d.cur
Which of the following shifts aggregate demand to the right? O a. a decrease in the money supply 10 b. technological improvem
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Answer #1

(1) (d)

The benchmark (base) year doesn't change too often.

(2) (a)

Higher money supply increases aggregate demand, shifting AD curve rightward, increasing inflation rate. The economy moves to point b and 2.

(3) (c)

Increase (decrease) in expected inflation shifts SRPC upward (downward).

(4) (d)

Intermediate goods are excluded from GDP to avoid double counting.

NOTE: As per Chegg Policy, I've answered 1st 4 MCQs. You have to post rest questions separately, 4 at a time only.

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