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Macroeconomists deal with the working of economy as a whole. They are mainly concerned with growth models and fluctuations of variables such as GDP, growth rates and employment, business cycles in general. Also they are concerned with the role of government and trade in the economy.
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True or false? croeconomist would be concerned with the following statement."Two major hurricanes caused significant damage...
Question 26 With a vertical long run AS curve, any attempt by the government to reduce...
Question 26 With a vertical long run AS curve, any attempt by the government to reduce GDP through decrease in aggregate demand will lead to Select the correct answer below decrease in GDP with no corresponding deflation in the long run decrease in both GDP and the price level in the long run decrease in the price level with no effect on GDP in the long run decrease in the price level with no corresponding decrease in GDP in the...
State whether the following statement is true or false, and explain why. If the statement is...
State whether the following statement is true or false, and explain why. If the statement is false, state the true change. If the national economy shrank at an annual rate of 9% per year for four consecutive years, then the economy shrank by 36% over the four-year period. Choose the correct answer below and, if necessary, fill in the answer box to complete your choice. The statement is false because each year there is a different reference value. The economy...
Mark the following statement True or False. If you believe that the statement is false, briefly...
Mark the following statement True or False. If you believe that the statement is false, briefly explain why you think it is false. To guarantee a margin of error of 0.034 for the population proportion p, a survey needs to have at least 1,050 respondents (assuming that the results are presented with 95% confidence). Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The statement is false. Without more information,...
Determine whether the following statement is true or false. If it is false, rewrite it as...
Determine whether the following statement is true or false. If it is false, rewrite it as a true statement. A sample statistic will not change from sample to sample Choose the correct answer below O A. The statement is false. A sample statistic can change from sample to sample O B. The statement is true. C. The statement is false. A population statistic will not change from population to population. O D. The statement is false. A sample parameter will...
Determine if the following statement is true or false. If you believe that the statement is...
Determine if the following statement is true or false. If you believe that the statement is false, briefly explain why you think it is false The chi-squared test of independence only detects linear association between variables in a contingency table. Choose the correct answer below. O A. The statement is true. O B. The statement is false because the test determines if two proportions are equal not if there is a linear association between the variables OC. The statement is...
True/False 25% Indicate whether the statement is true or false 1 Unemployment and inflation are important...
True/False 25% Indicate whether the statement is true or false 1 Unemployment and inflation are important determinants of short-run material welfare, whereas productivity growth is an important determinant of long-run material well-being Economists disagree on most economic issues facing an economy. 2. 3. Individuals will have different value judgments about the appropriate rate of unemployment and the appropriate rate of inflation. The slope of a line with rise of five and run of two is positive. 4. 5. Slope will...
Let A and B be nxn matrices. Mark each statement true or false. Justify each answer....
Let A and B be nxn matrices. Mark each statement true or false. Justify each answer. Complete parts (a) through (d) below. a. The determinant of A is the product of the diagonal entries in A. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The statement is false because the determinant of the 2x2 matrix A = is not equal to the product of the entries on the main...
8f 25 (0 complete) cti Determine whether the statement is true or false. If the statement is fals...
8f 25 (0 complete) cti Determine whether the statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement ecti x-Ty 3 1 7 3 The augmented matrix for the system y-2z 6 is 1-2 6 3x+-5 3 1 5 cti Select the correct choice below and, if necessary, fll in the answer box to complete your choice. cti O A. The statement is true. 3 O B. The statement is false....
Calculating GDP: a) (3 point) Answer if the following statement is true or false and explain:...
Calculating GDP: a) (3 point) Answer if the following statement is true or false and explain: "Development accounting, which is the empirical analysis that uses the production function to explain differences in GDP across countries, finds that differences in capital per capita across countries can explain MOST of the differences in GDP per capita." b) (3 points) The data tells us that GDP per capita in Peru was $6000 in 2015 and it was $5000 in 2010. A student claims...
True/False: Decide whether the following statements are true or false. If a statement is true, just...
True/False: Decide whether the following statements are true or false. If a statement is true, just state that it is true. If a statement is false, state that it is false and restate it so that it becomes an economically meaningful true statement. (15P, 3P each) [Hint: You need to remain in the context of the original statement. So don’t change it into a different true statement such as, “Janet Yellen was the former Chair the US Federal Reserve”]. a....
Question 26 With a vertical long run AS curve, any attempt by the government to reduce GDP through decrease in aggregate demand will lead to Select the correct answer below decrease in GDP with no corresponding deflation in the long run decrease in both GDP and the price level in the long run decrease in the price level with no effect on GDP in the long run decrease in the price level with no corresponding decrease in GDP in the...
Mark the following statement True or False. If you believe that the statement is false, briefly explain why you think it is false. To guarantee a margin of error of 0.034 for the population proportion p, a survey needs to have at least 1,050 respondents (assuming that the results are presented with 95% confidence). Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The statement is false. Without more information,...
Determine whether the following statement is true or false. If it is false, rewrite it as a true statement. A sample statistic will not change from sample to sample Choose the correct answer below O A. The statement is false. A sample statistic can change from sample to sample O B. The statement is true. C. The statement is false. A population statistic will not change from population to population. O D. The statement is false. A sample parameter will...
Determine if the following statement is true or false. If you believe that the statement is false, briefly explain why you think it is false The chi-squared test of independence only detects linear association between variables in a contingency table. Choose the correct answer below. O A. The statement is true. O B. The statement is false because the test determines if two proportions are equal not if there is a linear association between the variables OC. The statement is...
True/False 25% Indicate whether the statement is true or false 1 Unemployment and inflation are important determinants of short-run material welfare, whereas productivity growth is an important determinant of long-run material well-being Economists disagree on most economic issues facing an economy. 2. 3. Individuals will have different value judgments about the appropriate rate of unemployment and the appropriate rate of inflation. The slope of a line with rise of five and run of two is positive. 4. 5. Slope will...
Let A and B be nxn matrices. Mark each statement true or false. Justify each answer. Complete parts (a) through (d) below. a. The determinant of A is the product of the diagonal entries in A. Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The statement is false because the determinant of the 2x2 matrix A = is not equal to the product of the entries on the main...
8f 25 (0 complete) cti Determine whether the statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement ecti x-Ty 3 1 7 3 The augmented matrix for the system y-2z 6 is 1-2 6 3x+-5 3 1 5 cti Select the correct choice below and, if necessary, fll in the answer box to complete your choice. cti O A. The statement is true. 3 O B. The statement is false....
Calculating GDP: a) (3 point) Answer if the following statement is true or false and explain: "Development accounting, which is the empirical analysis that uses the production function to explain differences in GDP across countries, finds that differences in capital per capita across countries can explain MOST of the differences in GDP per capita." b) (3 points) The data tells us that GDP per capita in Peru was $6000 in 2015 and it was $5000 in 2010. A student claims...
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