Macroeconomics -1. Most economists believe that prices are: A) B) C) D) flexible in the short...

Question

Question

Macroeconomics

-1. Most economists believe that prices are: A) B) C) D) flexible in the short run but many are sticky in the long run. flexible in the long run but many are sticky in the short run. sticky in both the short and long runs. flexible in both the short and long runs. 2. The aggregate demand curve is the relationship between the quantity of output demanded and the A) positive; money supply B) negative; money supply C) positive; price level D) negative; price level _ 3. Which of the following is an example of frictional unemployment? A) B) C) Dave searches for a new job after voluntarily moving to San Diego. Elaine is willing to work for less than the minimum wage, but employers cannot hire her. Bill is qualified and would like to be an airline pilot, but airlines do not find it profitable to hire him at the wage established by the airline pilots union. Juan is willing to work at the going wage, but there are no jobs available. D) Page I

business economics

Add a comment Improve this question Transcribed image text

Answer 1

Similar Homework Help Questions

7. Most economists believe that prices are: a) flexible in the short run but many are sticky in the long run. b) flexibl...

7. Most economists believe that prices are: a) flexible in the short run but many are sticky in the long run. b) flexible in the long run but many are stick in the short run. c) sticky in both the short and long runs. d) flexible in both the short and long runs. 8. If the short run aggregate supply curve is horizontal, then changes in aggregate demand affect: a) level of output but not prices. b) prices but not...
Consider a world in which prices are sticky in the short-run and perfectly flexible in the...

Consider a world in which prices are sticky in the short-run and perfectly flexible in the long-run. APPP may not hold in the short run but does hold in the long-run. The world has two countries, the U.S. and England. Both countries are initially in a long-run equilibrium with fixed money supplies. a) Suppose at time T, the money supply in the United States falls permanently. Draw two diagrams with the money market diagram for the US on the left...
Question1 Consider the following economy of Hicksonia. 1. The consumption function is given by C ...

Need the answer from question 5 to 9, do not put the answer from 1 to 4, please. Question1 Consider the following economy of Hicksonia. 1. The consumption function is given by C 200 + 0.75(Y-T). The investment function is 1 = 200-2500. Government purchases and taxes are both 100. Derive the IS curve 2. The money demand function in Hicksonia is (Md/P)-Y-10000 The money supply (M) is 1,000. Derive the LM curve under an arbitrary value of P (Hint:...

1. Which of the following is not a property of the aggregate demand curve? It shows...

1. Which of the following is not a property of the aggregate demand curve? It shows the relationship between the overall price level and level consumption. It shows the price level on the vertical axis and output on the horizontal axis. The aggregate demand curve slopes downward. It shows the relationship between the overall price level and the level of total demand. 2. When the price level increases people: feel more wealthy. have the same real value of assets, regardless...
14) Which company is most likely to be less efficiently managed? a) U.S. Postal Service b) UPS c)...

Please answer all multiple choices . i would be very thankful 14) Which company is most likely to be less efficiently managed? a) U.S. Postal Service b) UPS c) FedEx d) AppleS IC AC AVC 30 20 4 10 20 30A 40 50 60 70 80 67 OUTPUT 34 79 The following questions 14 to 16 are based on the above graph 15) The profit-maximizing output is: a) 30 b) 54. c) 60 d) 67 e) 79 16) At the...
1. 2. 3. 4. 5. According to the neoclassical model, a contractionary monetary policy will Select...

1. 2. 3. 4. 5. According to the neoclassical model, a contractionary monetary policy will Select the correct answer below: O only lower the price level O only raise the price level O lower the price level and real GDP in the long run lower the price level bur raise GDP In the short run, which of the following prevent the economy from operating at potential output? Select the two correct answers below. Select all that apply: limits in technology...

FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the...

FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the blank Scarcity is the intimited nature of society's resources given society's limited wants 2. A reward is a type of positive incentive. 3. To remove difficulty of double coincidence of wants we use money. 4. An exogenous factor is a variable that can be controlled for inside the model. 5. The PPF will not have a constant slope. 6. The law of demand states...
What happened on United flight 3411?What service expectations do customers have of airlines such ...

What happened on United flight 3411?What service expectations do customers have of airlines such as United and How did these expectations develop over time? Thank You! In early April 2017, United Airlines (United), one of the largest airlines in the world, found itself yet again in the middle of a service disaster this time for forcibly dragging a passenger off an overbooked flight. The incident was to become a wake-up call for United, forcing it to ask itself what to...
Refer to Table 1. Write the Excel formula for each cell marked with “?” in columns B, C and D such that formula could be copied and pasted into columns D, E, F and G using Microsoft Excel without further editing. There is no need to explicitly write the E

Refer to Table 1. Write the Excel formula for each cell marked with “?” in columns B, C and D such that formula could be copied and pasted into columns D, E, F and G using Microsoft Excel without further editing. There is no need to explicitly write the Excel formula for cells marked with “Copy & paste”. Label each formula clearly with cell reference position. In 2020, BS Bank employs 800 employees in its call centres in the United States...

Please read the article and answer about questions. You and the Law Business and law are...

Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...

Macroeconomics -1. Most economists believe that prices are: A) B) C) D) flexible in the short...

Homework Answers

Request Answer!

Add Answer to:
Macroeconomics -1. Most economists believe that prices are: A) B) C) D) flexible in the short...

Post as a guest

Earn Coins

7. Most economists believe that prices are: a) flexible in the short run but many are sticky in the long run. b) flexibl...

Consider a world in which prices are sticky in the short-run and perfectly flexible in the...

Question1 Consider the following economy of Hicksonia. 1. The consumption function is given by C ...

1. Which of the following is not a property of the aggregate demand curve? It shows...

14) Which company is most likely to be less efficiently managed? a) U.S. Postal Service b) UPS c)...

1. 2. 3. 4. 5. According to the neoclassical model, a contractionary monetary policy will Select...

FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the...

What happened on United flight 3411?What service expectations do customers have of airlines such ...

Refer to Table 1. Write the Excel formula for each cell marked with “?” in columns B, C and D such that formula could be copied and pasted into columns D, E, F and G using Microsoft Excel without further editing. There is no need to explicitly write the E

Please read the article and answer about questions. You and the Law Business and law are...

Macroeconomics -1. Most economists believe that prices are: A) B) C) D) flexible in the short...

Homework Answers

Request Answer!

Add Answer to: Macroeconomics -1. Most economists believe that prices are: A) B) C) D) flexible in the short...

Post as a guest

Earn Coins

Add Answer to:
Macroeconomics -1. Most economists believe that prices are: A) B) C) D) flexible in the short...