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ccording to the classical economists,A. the interest rate will ensure that the amount households plan to save will equal the
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2. 155 views
Assume that the economy follows the Classical Model assumptions.Part 2 a draw a new aggregate demand (AD) curve reflecting an
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a. One of the main conclusions of Say's Law was thatPart 2 A. if people supply goods in order to then demand goods, there
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The model of long-run equilibriumPart 2 A. and the Classical Model are based on totally different assumptions. B. assumes
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aggregate supply
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This year, a nation's long-run equilibrium real GDP and price level both increased. Which of the following combinations of
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The aggregate demand curve would shift to the right as a result ofPart 2 A. a drop in the foreign exchange value of the dollar.
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The total of all planned real expenditures in the economy isPart 2 A. aggregate GDP. B. aggregate consumption. C. aggregate
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Total expenditures for domestically produced goods and services consist ofPart 2 A. consumer spending, business spending,
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What are the three effects of increases in the price level, and do these generate upward or downward movements along the
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From the list below, match the letter of the outcome each of the following events produces upon the AD curve. A. Shifts to
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The long-run aggregate supply curve can shift to the right due toPart 2 A. improvements in technology. B. improvements in
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The position of the long-run aggregate supply curve is determined byPart 2 A. the production possibilities curve. B. the open
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The long-run aggregate supply curvePart 2 A. shows the various amounts of real output businesses are willing to consume at
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The long-run aggregate supply curve shifts outward whenPart 2 A. the real-balance effect takes hold. B. there are changes
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he long-run aggregate supply curve is determined byPart 2 A. the amount of inflation in the economy. B. the
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if the economy acquires a largeramount of capital goods in the current year, does a larger or smaller outward shift in the
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A.Shifts to rightB. Shifts to left C. Movement up along D. Movement down along (Enter a letter A, B, C, or D.)
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what is d. Physical capital
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11. Ireland’s ability to attract foreign direct investment can also be attributed to increase in investment and focus on
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10. In the current gig economy, most freelancersa. are employed over 40 hours per week. b. work sporadically and part-time. c.
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9. Bureau of Labor Statistics surveys tell us that a major motivator for many self-employed workers isa. financial security
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The gig economy hasa. changed the factors of production needed to produce goods and services. b. resulted in an economy where
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7. What percentage of Americans earned some income from a digital platform in 2015?a. 1 percent b. 5 percent c. 10 percent 15
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6. In a gig economy, millions of workersa. operate virtual storefronts selling imported goods. b. are employees of apps. c. work
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The rightward shift of the curve indicates.a. A change in quantity supplied. b. An increase in supply. c. A change in quantity
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Marry increase consumption of Good X after the price of Good Y decreased . Foe Marrya. Good X and Good Y are complements. b.
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2022 good:Computers price =$917.00; quantity=9 Bananas price=$8.00; quantity=3, 268 Televisions price= $110.00; quantity=479
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how do i calculate net exports from exportport and import?
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The difference between real gross private domestic investment and real fixed private investment represents▼ .
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Net exports of goods and services=-500Net interest paid by business=400 Government purchases of goods and services=1,500 Gross
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Corporate profits before taxes deducted=$2.7Exports=$1.5 Proprietorial income=0.8 Net transfers and interest earnings=2.2
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Consumption=$9.9Non-income-related taxes net of subsidies=0.8 Depreciation=1.2 Government spending=2.5 Imports=2.6 Gross
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Since GNP exceeds GDP, it can be concluded that foreign production by U.S. factors of production---U.S. production by foreign
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2. 226 views
The following transactions take place in 2000: 1. An elderly couple go to the movies and pay $150 for the tickets.
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The following transactions take place in 2000: 1. An elderly couple go to the movies and pay $150 for the tickets.
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hich of the following are production activities that are included in GDP? Which are not?Part 2 a. Mr. King performs the
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In a simple economy with only businesses and households, suppose that the sum total of all the goods and services produced
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Assuming that 2001 is the base year, calculate the price index for 2002.In 2002, the price index is . (Round your
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Jim's favorite breakfast is two eggs, 1/5 lb. of bacon, 1/7 lb. of white toast, 1/6 can (16 ounce can) of
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Jim's favorite breakfast is two eggs, 1/5 lb. of bacon, 1/7 lb. of white toast, 1/6 can (16 ounce can) of
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2. 168 views
Unemployed=6097Civilian Labour force=166818 Employment level-part-time for economic reasons.=2582 a. The civilian unemployment
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Suppose that the 2022 price of corn were to rise to $8.60per bushel, but that the price of a digital device were to fall
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Suppose that a deep and prolonged recession induces some job seekers to discontinue their job search efforts due to the belief
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In the country of Economica, the total labor force consists of workers. 400 of these workers are unemployed, and thus the
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Can you show I step by step on how to get to the answers labor force =15,555 and unemployment rate=5.2% for the following
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In the country of Economica, the total labor force consists of 15,000workers. 750 of these workers are unemployed, and
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Civilian labor force= 147, 390Civilian employment= 139 248 Civilian working-age population= 223,318 Compute the unemployment
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employed= 160.0unemployed= 15.0 Not in Labor Force= 78.5 the distribution of the population aged 16 and older into three
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the initial distribution of the population aged 16 and older into three groups: people who are employed, those who are
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The figure to the right shows the initial distribution of the population aged 16 and older into three groups: people who
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In a country with a labor force of 200, a different group of 8people becomes unemployed each month, but becomes employed once
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Consider the following dataAdult, noninstitutionalized, nonmilitary population 264,844 thousand Employed adults 159,244
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Suppose that:Adult population: 272 million Employed adults: 125 million Unemployed adults: 9 million a. The
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uppose you are given the following information:Labor force=209.42 Adults in the military=2.25 Nonadult population=52.88
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Consider the following data for the United States for January of 2023: Total Population 334.484 thousand Adult,
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Consider the following data for the United States for March of 2023: Total Population=334.691 thousand Adult,
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Suppose that you are given the following information:Total Population=300 million, Adult, noninstitutionalized, nonmilitary
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2. 266 views
1∞+1∞+1∞=
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If the price of portable power banks increases, then there will be ________ of portable power banks.A) a decrease in the supply
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• Change in quantity demanded vs change in demand
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• Define Production possibilities curve (PPC)
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What is Trade -off in economics?
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Define Economics
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Consider the market for smartphones. Explain whether the following events would cause an increase or a decrease in supply or an
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Which of the following is consistent with the law of supply?Part 2 A. A reduction of the price of salt, led to a 5 percent
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the price of the good, which is a normal good, is $4. If there is an increase in consumer incomes, which way will
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n the figure to the right, the current position of the demand curve is Upper D1 and the price of a wireless earbud is $4.
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If the price of bacon rises, and as a result the demand for sausage increases, this implies that these two goods are
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A booming economy increases the income of the typical buyer of wireless earbuds (thisis a normal good). Part 12 A.
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In the market for wireless earbuds (a normal good), indicate whether the following events would cause an "increase or a
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Indicate whether the following events would cause an "increase or a decrease in demand or an "increase or a decrease in
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2. 279 views
Firms providing wireless (an alternative to cable) Internet access services reduce their prices. This will cause a(n)Pa
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There is a decrease in the incomes earned by consumers of cable-based Internet access services. This will cause a(n)Part 7
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Indicate whether the following events would cause an "increase or a decrease in demand or an "increase or a decrease in
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2. 276 views
A demand schedule showsPart 2 A. the relation between price and income when all other things remain equal. B. individual
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2. 169 views
250*6
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Which of the following is consistent with the law of demand?Part 2 A. An increase in the supply of MP 3 players causes a
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6. According to the law of demand, if the price of a good increases, price and quantity will move along the curvea. up and to
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2. 110 views
8. If demand increases for a good during a pandemic while the supply stays the same, what happens to the demand curve and the
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2. 288 views
4. Opportunity cost isa. all of the alternatives we have in making a decision b. the condition that exists when there are
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1. AJ is buying a new car and chooses to pay $250 for upgraded floor mats because he is already spending $24,000; the $250 is
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Opportunity costA. only is considered for goods in short supply. B. is the value of the next best alternative as a result of
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Which of the following would least likely be, for the typical student, the opportunity cost of attending a class at
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The existence of scarcity requiresPart 2 A. greater scientific advancements occur to eliminate it. B. having unfulfilled wants
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Suppose a studentis trying to decide whether or not to take another economics class . Which of the following is not an aspect of
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The economic way of thinking willPart 2 A. help you get rich. B. allow you to make better decisions. C. have no influence on
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A rational, self-interested student decides whether to purchase a textbook required for a particular class based on all of
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The hypothesis that people cannot always make completely rational decisions by examining every possible choice but instead use
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Which of the following organizations would most likely not use time-and-material pricing?Automobile repair company Custom
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A company must price its product to cover its costs and earn a reasonable profit inall cases. its early years. the long run. the
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Justin Company manufactures a product with a unit variable cost of $100 and a unit sales price of $176. Fixed manufacturing
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Bradley Company produces two products, Seed and Feed. Seed is a high-volume item totaling 20,000 units annually. Feed is a
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Symplify the following expressions by factoring:A) 32+36t B) 99x+36 C) 132+36r
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A truck is carrying pear juice, cherry juice, and apple juice bottles in a ratio of 3:1:3. If there are 16 cherry juice bottles,
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2. 793 views
you want to paint the walls of your bedroom. Two walls measure 19 ft by 9 ft, and the other two walls measure 14 ft by 9 ft. The
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2. 4,081 views
roberta sold fifty tickets for the school play. Roberta sold ten more student tickets than adult tickets. How many STUDENT
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2. 574 views
roberta sold fifty tickets for the school play. Roberta sold ten more student tickets than adult tickets. How many tickets did
1. 2 answers
2. 512 views
roberta sold fifty tickets for the school play. Roberta sold ten more student tickets than adult tickets. How many tickets did
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2. 615 views
When two numbers are added together, the result is 45.Twice the greater number is six more than five times the lesser number.
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2. 752 views