Over time both real GDP and the price level have trended upward. Which of these trends...
Over time both real GDP and the price level have trended upward. Which of these trends would the classical dichotomy say could be explained by an upward trend in the money supply?
Question 39 options:
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Homework Answers
Over time both real GDP and the price level have tended upward . The upward trend in the price level but not the upward trend in the real GDP would the classical dichotomy say could be explained by an upward trend in the money supply. Hence,option(C) is correct.
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Over time both real GDP and the price level have trended upward.
Which of these trends...
Over time both real GDP and the price level have trended upward. Which of these trends would the classical dichotomy say could be explained by an upward trend in the money supply? Question 39 options:...
Over time both real GDP and the price level have trended upward. Which of these trends would the classical dichotomy say could be explained by an upward trend in the money supply? Question 39 options: a) both the upward trend in real GDP and the upward trend in the price level b) the upward trend in real GDP but not the upward trend in the price level c) the upward trend in the price level but not the upward trend...
27. A) Both the price level and Real GDP increased between year 1 and year 5....
27. A) Both the price level and Real GDP increased between year 1 and year 5. Explain and diagrammatically represent two things that could have happened to cause this state of affairs? B) Changes in Y in the classical model originate on the supply-side of the economy. Do you agree or disagree? Explain and diagrammatically represent your answer.
The 2008-2009 recession must have been a result of ________ because otherwise the combination of the...
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What would cause the BOTH the price level to decrease and real GDP to decrease? O...
What would cause the BOTH the price level to decrease and real GDP to decrease? O a shift to the left of the AD curve a shift to the right of the SRAS curve a shift to the left of the SRAS curve a shift to the right of the AD curve Question 6 (2 points) When there is an increase in aggregate demand along a stationary upward sloping short run in the short run. and aggregate supply curve, the...
According to classical economics: both real GDP and price level are determined by aggregate supply. both...
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Thank You! QUESTION 30 Aggregate price level x Real GDP in the price level and a...
Thank You!
QUESTION 30 Aggregate price level x Real GDP in the price level and a decrease in the In the Aggregate Demand and Supply model (shown), an increase in nominal wages would cause an increase equilibrium level or real GDP in the short run. QUESTION 31 Aggregate price level Real GDP In the Aggregate Demand and Supply model (shown), if the government's budget deficit increases as a result of a tax cut with no cuts in spending, the result...
Say the money supply is $70 million, real GDP is $11 million and the price level...
Say the money supply is $70 million, real GDP is $11 million and the price level is 14. Then you can say that velocity is 1.5 None of the above/below 2.5 2 3
LAS Real GDP LAS Price level Real GDP 39. Refer to the figure above to answer...
LAS Real GDP LAS Price level Real GDP 39. Refer to the figure above to answer this question. According to neoclassicists, which of the following is true? A) The horizontal axes of both graphs A and B show nominal GDP. It is not possible for an economy to be at Y2 in graph B. C) The shift from AD3 to AD4 is caused by an increase in the price level Graph A illustrates that changes in aggregate demand have no...
Both Classical and Keynesian Theories about the relationships between real GDP and the price level hinge on specifi...
Both Classical and Keynesian Theories about the relationships between real GDP and the price level hinge on specific assumptions. In your initial post to this discussion, address the following prompt based on what you've learned in this module about the assumptions and criticisms of Classical and Keynesian Economic Theories: Which approach appears to best explain the current economy? Provide support for either theory. In addition to posting your own response to the question posed, you are required to read and...
QUESTION 3 Of all the following that could be used as money, which would be most...
QUESTION 3 Of all the following that could be used as money, which would be most likely to be characterized as fiat money? Chocolate bars Silver jewellery Gum wrappers Salt QUESTION 4 According to the classical dichotomy, which of these variables is not affected by monetary policy? The price level The nominal interest rate The real interest rate Nominal GDP QUESTION 5 According to the quantity theory of money, if the growth rate of money supply increases by 3 percentage...
27. A) Both the price level and Real GDP increased between year 1 and year 5. Explain and diagrammatically represent two things that could have happened to cause this state of affairs? B) Changes in Y in the classical model originate on the supply-side of the economy. Do you agree or disagree? Explain and diagrammatically represent your answer.
What would cause the BOTH the price level to decrease and real GDP to decrease? O a shift to the left of the AD curve a shift to the right of the SRAS curve a shift to the left of the SRAS curve a shift to the right of the AD curve Question 6 (2 points) When there is an increase in aggregate demand along a stationary upward sloping short run in the short run. and aggregate supply curve, the...
Thank You!
QUESTION 30 Aggregate price level x Real GDP in the price level and a decrease in the In the Aggregate Demand and Supply model (shown), an increase in nominal wages would cause an increase equilibrium level or real GDP in the short run. QUESTION 31 Aggregate price level Real GDP In the Aggregate Demand and Supply model (shown), if the government's budget deficit increases as a result of a tax cut with no cuts in spending, the result...
LAS Real GDP LAS Price level Real GDP 39. Refer to the figure above to answer this question. According to neoclassicists, which of the following is true? A) The horizontal axes of both graphs A and B show nominal GDP. It is not possible for an economy to be at Y2 in graph B. C) The shift from AD3 to AD4 is caused by an increase in the price level Graph A illustrates that changes in aggregate demand have no...
Both Classical and Keynesian Theories about the relationships between real GDP and the price level hinge on specific assumptions. In your initial post to this discussion, address the following prompt based on what you've learned in this module about the assumptions and criticisms of Classical and Keynesian Economic Theories: Which approach appears to best explain the current economy? Provide support for either theory. In addition to posting your own response to the question posed, you are required to read and...
QUESTION 3 Of all the following that could be used as money, which would be most likely to be characterized as fiat money? Chocolate bars Silver jewellery Gum wrappers Salt QUESTION 4 According to the classical dichotomy, which of these variables is not affected by monetary policy? The price level The nominal interest rate The real interest rate Nominal GDP QUESTION 5 According to the quantity theory of money, if the growth rate of money supply increases by 3 percentage...
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