Circle any of the following variables that can be influenced by the monetary system: nominal GDP,...
- Circle any of the following variables that can be influenced by the monetary system:
nominal GDP,
real GDP,
unemployment,
nominal interest rate,
real interest rate.
Homework Answers
Nominal Interest rate is directly affected by monetary system because in money market, money demand and supply determines the interest rate.
however there will be indirect effect on nominal GDP and real GDP by the monetary system because an expansionary monetary policy will increase the money supply and will increase the price level which will increase the nominalGdP, inflation increases and real interest rate decreases
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Circle any of the following variables that can be influenced by the monetary system: nominal GDP,...
Circle any of the following variables that can be influenced by the monetary system: nominal GDP,...
Circle any of the following variables that can be influenced by the monetary system: nominal GDP, real GDP, unemployment, nominal interest rate, real interest rate. (3 points)
Question 29 (1 point) According to the classical dichotomy, what is influenced by monetary factors? real...
Question 29 (1 point) According to the classical dichotomy, what is influenced by monetary factors? real GDP ОО investment nominal interest rates the real wage rate Question 30 (1 point) Which statement best defines the velocity of money? It is the average number of times per year a dollar is spent. ООО It is the money supply divided by nominal GDP. It is the rate at which the central bank puts money into the economy. It is the long-term growth...
11. Monetary policy affects which of the following variables in the long run? the rate of...
11. Monetary policy affects which of the following variables in the long run? the rate of unemployment the level of output the real interest rate the rate of inflation all of the above 12. There are how many members of the Board of Governors in the Federal Reserve system? 12 none of the above 7 15 4 13. There are how many members of the Federal Open Market Committee? 12 14 5 15 7 14. Which of the following would...
In 2013, according to the International Monetary Fund, India had the world’s 10th-highest nominal GDP, the...
In 2013, according to the International Monetary Fund, India had the world’s 10th-highest nominal GDP, the 140th-highest nominal GDP per capita, and the 43rd-highest real GDP growth rate. What does each of these indicators tell us about the Indian economy and how life in India compares to life in other countries? a) India has a huge economy that produces lots of goods and services (highest nominal GDP), is still fairly poor (highest real GDP growth rate), but has a rapidly...
Suppose that nominal GDP (GDP measured in current dollars) rises by 10% and that inflation is...
Suppose that nominal GDP (GDP measured in current dollars) rises by 10% and that inflation is 5%. Which of the following is true? A. Nominal GDP has decreased. B. Unemployment will rise. C. Real (inflation-adjusted) GDP has decreased. D. Real GDP has increased.
(Ch 07) (Dollars) 100 $410 $1,170 2010 (Dollars) From 2009 to 2010, nominal GDP , and...
(Ch 07) (Dollars) 100 $410 $1,170 2010 (Dollars) From 2009 to 2010, nominal GDP , and real GDP The inflation rate in 2010 was Why is real GDP a more accurate measure of an economy's production than nominal GDP? O Real GDP includes the value of exports, but nominal GDP does not. Real GDP does not include the value of intermediate goods and services, but nominal GDP does. Real GDP is not influenced by price changes, but nominal GDP is....
When real GDP grows more slowly than potential GDP, a. nominal GDP rises. b. the unemployment...
When real GDP grows more slowly than potential GDP, a. nominal GDP rises. b. the unemployment rate falls. c. labor productivity falls. d. the unemployment rate rises. 8. The unemployment rate is the number of unemployed people, expressed as a. a ratio of total employed to the population. b. a ratio of unemployed to the total employed. c. a percentage of the labor force. d. a percentage of the population. 9. If part of the labor force is unemployed, the...
080302 Monetary neutrality implies that an increase in the quantity of money will increase employment increase...
080302 Monetary neutrality implies that an increase in the quantity of money will increase employment increase the price level increase the incentive to save. not increase any of the above. QUESTION 5 080304 The classical dichotomy argues that changes in the money supply affect both nominal and real variables. affect neither nominal nor real variables. affect nominal variables, but not real variables. do not affect nominal variables, but do affect real variables. QUESTION 6 080305 According to the principle of...
really money supply, monetary base, nominal GDP, real GDPprice level and M1 21. If the capital...
really money supply, monetary base, nominal GDP, real GDPprice
level and M1
21. If the capital stock in the country for #19 was 1000 at the end of the previous year, then what was the value for the capital stock at the end of this year? 22. Calculate the value for M1 using the data given below. ANS: M1 = traveler's vault Savings Checking account balances = 2000 checks = 100 Currency in circulation - 1000 cash = 200 Money...
5. Real versus nominal GDP Consider a simple economy that produces two goods: pencils and envelopes....
5. Real versus nominal GDP Consider a simple economy that produces two goods: pencils and envelopes. The following table shows the prices and quantities of the goods over a three-year period. Year 2016 2017 2018 Pencils Price Quantity (Dollars per (Number of pencil) pencils) 125 170 150 Envelopes Price Quantity (Dollars per (Number of envelope) envelopes) 200 230 170 HN Use the information from the preceding table to fill in the following table. Nominal GDP (Dollars Real GDP (Base year...
Question 29 (1 point) According to the classical dichotomy, what is influenced by monetary factors? real GDP ОО investment nominal interest rates the real wage rate Question 30 (1 point) Which statement best defines the velocity of money? It is the average number of times per year a dollar is spent. ООО It is the money supply divided by nominal GDP. It is the rate at which the central bank puts money into the economy. It is the long-term growth...
(Ch 07) (Dollars) 100 $410 $1,170 2010 (Dollars) From 2009 to 2010, nominal GDP , and real GDP The inflation rate in 2010 was Why is real GDP a more accurate measure of an economy's production than nominal GDP? O Real GDP includes the value of exports, but nominal GDP does not. Real GDP does not include the value of intermediate goods and services, but nominal GDP does. Real GDP is not influenced by price changes, but nominal GDP is....
080302 Monetary neutrality implies that an increase in the quantity of money will increase employment increase the price level increase the incentive to save. not increase any of the above. QUESTION 5 080304 The classical dichotomy argues that changes in the money supply affect both nominal and real variables. affect neither nominal nor real variables. affect nominal variables, but not real variables. do not affect nominal variables, but do affect real variables. QUESTION 6 080305 According to the principle of...
really money supply, monetary base, nominal GDP, real GDPprice
level and M1
21. If the capital stock in the country for #19 was 1000 at the end of the previous year, then what was the value for the capital stock at the end of this year? 22. Calculate the value for M1 using the data given below. ANS: M1 = traveler's vault Savings Checking account balances = 2000 checks = 100 Currency in circulation - 1000 cash = 200 Money...
5. Real versus nominal GDP Consider a simple economy that produces two goods: pencils and envelopes. The following table shows the prices and quantities of the goods over a three-year period. Year 2016 2017 2018 Pencils Price Quantity (Dollars per (Number of pencil) pencils) 125 170 150 Envelopes Price Quantity (Dollars per (Number of envelope) envelopes) 200 230 170 HN Use the information from the preceding table to fill in the following table. Nominal GDP (Dollars Real GDP (Base year...
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