Posted by muneebah on Tuesday, August 15, 2006 at 3:06am.
select the correct answer out of all the possQuestion 1 (1.00 points)
Question one
The natural rate of unemployment is:
a. higher than the full-employment rate of unemployment.
b. lower than the full-employment rate of unemployment.
c. that rate of unemployment occurring when the economy is at its potential output.
d. found by dividing total unemployment by the size of the labor force.
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Question 2 (1.00 points)
The aggregate supply curve (short-run):
a. graphs as a horizontal line.
b. is steeper above the full-employment output than below it.
c. slopes downward and to the right.
d. presumes that changes in wages and other resource prices match changes in the price level.
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Question 3 (1.00 points)
The aggregate supply curve:
a. is explained by the interest rate, real-balances, and foreign purchases effects.
b. gets steeper as the economy moves from the top of the curve to the bottom of the curve.
c. shows the various amounts of real output that businesses will produce at each price level.
d. is downsloping because real purchasing power increases as the price level falls.
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Question 4 (1.00 points)
Reference: F11085
In the above figure AD1 and AS1 represent the original aggregate supply and demand curves and AD2 and AS2 show the new aggregate demand and supply curves. The changes in aggregate demand and supply in the above diagram produce:
a. a higher price level.
b. an expansion of real output and a stable price level.
c. an expansion of real output and a higher price level.
d. a decline in real output and a stable price level.
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Question 5 (1.00 points)
The economy's long-run AS curve assumes that wages and other resource prices:
a. eventually rise and fall to match upward or downward changes in the price level.
b. are flexible upward but inflexible downward.
c. rise and fall more rapidly than the price level.
d. are relatively inflexible both upward and downward.
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Question 6 (1.00 points)
Reference: F11088
Refer to the above diagram. If the initial aggregate demand and supply curves are AD0 and AS0, the equilibrium price level and level of real domestic output will be:
a. F and C, respectively.
b. G and B, respectively.
c. F and A, respectively.
d. E and B, respectively.
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Question 7 (1.00 points)
Reference: F11061
Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Other things equal, inflation is absent in:
a. panel (A) only.
b. panel (B) only.
c. panel (C) only
d. panels (A) and (C).
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Question 8 (1.00 points)
If aggregate demand decreases, and as a result, real output and employment decline but the price level remains unchanged, we can assume that:
a. the money supply has declined.
b. the price level is inflexible downward and a recession has occurred.
c. cost-push inflation has occurred.
d. productivity has declined.
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Question 9 (1.00 points)
Reference: F11123
Refer to the above diagram. At the equilibrium price and quantity:
a. aggregate demand exceeds aggregate supply.
b. the amount of real output demanded and supplied are equal.
c. aggregate demand equals aggregate supply.
d. aggregate supply exceeds aggregate demand.
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Question 10 (1.00 points)
The equilibrium price level and level of real output occur where:
a. real output is at its highest possible level.
b. export equal imports.
c. the price level is at its lowest level.
d. the aggregate demand and supply curves intersect.
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ibilities, for each question:
First, I cant easily provide help on those questions that start with "refer to the the above diagram", or similar words to that effect.
Second, we (the Jiskha volunteers) would rather help to guide your thinking, rather than do the problems for you, or simply give you the answers. So, take a shot. (That said, for free, the answer to the first problem is c.)
The equilibrium price level and level of real output occur where:
wre
f
fd
- Economics - dion, Wednesday, October 10, 2007 at 5:04am
question7
- Economics - Anonymous, Tuesday, October 16, 2007 at 10:41am
a
- Economics - qaasx, Monday, October 22, 2007 at 4:41am
113412
- Economics - Anonymous, Wednesday, October 10, 2007 at 5:19am
d
- Economics - Anonymous, Thursday, October 11, 2007 at 6:44am
a
- Economics - Anonymous, Thursday, October 11, 2007 at 7:09pm
lk
- Economics - Anonymous, Saturday, October 13, 2007 at 5:35am
Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Other things equal, inflation is absent in:
- Economics - lo, Wednesday, August 6, 2008 at 5:43am
Reference: F11061
Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. A recession is depicted by:
- Economics - Anonymous, Sunday, August 17, 2008 at 5:48pm
Reference: F11061
Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Growth, full-employment and price stability is depicted by:
- Economics - Anonymous, Monday, August 18, 2008 at 2:55pm
Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Growth, full-employment and price stability is depicted by:
- Economics - jan, Saturday, October 13, 2007 at 5:37am
Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Other things equal, inflation is absent in:
- Economics - Khuzwayo Maqhubu, Saturday, October 13, 2007 at 7:44am
a
- Economics - Anonymous, Sunday, October 14, 2007 at 7:35am
b
- Economics - nina, Monday, October 15, 2007 at 5:51am
question 7 a
- Economics - Anonymous, Monday, October 15, 2007 at 7:08am
a
- Economics - mpho, Tuesday, October 16, 2007 at 9:17am
b. pannel b only
- Economics - michelle, Wednesday, October 17, 2007 at 2:44pm
Reference: F11061
Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Other things equal, a decline in net exports caused by a change in incomes abroad is depicted by:
a. panel (A) only.
b. panel (B) only.
c. panel (C) only
d. panels (B) and (C).
- Economics - Anonymous, Monday, October 22, 2007 at 5:00pm
answer?
- Economics - leslie, Monday, December 10, 2007 at 10:10pm
what is the answer
- Economics - Anonymous, Monday, May 12, 2008 at 12:43pm
A
- Economics - Attie, Wednesday, October 17, 2007 at 3:35pm
a, because there will be less demand, because the products that was demanded in the foreign market no no longer exsist.
- Economics - anelda, Thursday, October 18, 2007 at 3:27am
1a2b
- moemedi - Lipkoko, Thursday, October 18, 2007 at 7:18am
a k h y k l
- Economics - Anonymous, Friday, October 19, 2007 at 3:49am
a
- Economics - Anonymous, Friday, October 19, 2007 at 2:16pm
a
- Economics - iks, Monday, October 22, 2007 at 4:13am
question1a,2c,3d,4a,5d,6c,7c,8a,9d,10a,11e
- Economics - SAM, Monday, October 22, 2007 at 10:50am
panel (B) only
- Economics - Anonymous, Monday, October 22, 2007 at 2:50pm
Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Other things equal, inflation is absent in:
- Economics - Anonymous, Monday, October 22, 2007 at 3:33pm
a
- Economics - Anonymous, Monday, November 5, 2007 at 12:18am
pppp
- Economics - aaron, Thursday, November 8, 2007 at 2:13pm
a
- Economics - Anonymous, Saturday, February 2, 2008 at 10:31am
The economy's long-run AS curve assumes that wages and other resources prices:
- Economics - Anonymous, Saturday, February 9, 2008 at 3:41pm
a
- Economics - Anonymous, Friday, February 15, 2008 at 2:44pm
a
- Economics - Bailey, Monday, March 10, 2008 at 10:07am
D
- Economics - werfewfwfe, Tuesday, April 1, 2008 at 9:33pm
asefewfewfewf
- Economics - Anonymous, Tuesday, April 22, 2008 at 2:58pm
a
- Economics - Anonymous, Tuesday, May 13, 2008 at 12:19am
a
- Economics - al, Monday, June 30, 2008 at 12:06am
Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Cost-push inflation is depicted by:
- Economics - Anonymous, Friday, July 25, 2008 at 10:40pm
g
- Economics - Jun, Thursday, July 31, 2008 at 12:38am
8.a
- Economics - Anonymous, Friday, August 15, 2008 at 11:52am
b
- Economics - xoliswa, Wednesday, August 20, 2008 at 3:13am
a
- Economics - Anonymous, Tuesday, October 21, 2008 at 3:39pm
a
- Economics - Anonymous, Wednesday, November 12, 2008 at 10:21pm
Refer to the above diagram. If the initial aggregate demand and supply curves are AD0 and AS0, the equilibrium price level and level of real domestic output will be:
- Economics - Anonymous, Tuesday, March 17, 2009 at 4:07pm
If aggregate demand decreases, and as a result, real output and employment decline but the price level remains unchanged, we can assume that:
- Economics - Anonymous, Saturday, March 21, 2009 at 4:37pm
ANswer 8- b
- Economics - Anonymous, Sunday, March 29, 2009 at 11:14pm
a
- Economics - Anonymous, Monday, March 30, 2009 at 12:37pm
z
- Economics - Anonymous, Tuesday, March 31, 2009 at 12:35pm
A
- Economics - Anonymous, Friday, April 17, 2009 at 8:28pm
b
- Economics - Anonymous, Friday, May 1, 2009 at 10:50pm
c
- Economics - Anonymous, Monday, May 11, 2009 at 7:15pm
a
- Economics - Xavier, Monday, July 20, 2009 at 10:13pm
Refer to the above diagram. If the initial aggregate demand and supply curves are AD0 and AS0, the equilibrium price level and level of real domestic output will be:
- Economics - Anonymous, Saturday, August 15, 2009 at 4:39am
b
- Economics - ona, Saturday, August 15, 2009 at 10:57am
a,c,d,d,
- Economics - leon, Friday, August 28, 2009 at 6:05am
d
- Economics - Anonymous, Sunday, October 18, 2009 at 11:05pm
2. D
- Economics - 3, Tuesday, November 3, 2009 at 12:39am
111
- Economics - Dave, Monday, November 16, 2009 at 1:42pm
#2 is A
- Economics - Anonymous, Tuesday, November 17, 2009 at 10:42am
8. b
- Economics - Anonymous, Friday, February 19, 2010 at 1:13am
8
- Economics - Anonymous, Tuesday, May 11, 2010 at 11:50am
boob
- Economics - Anonymous, Tuesday, October 25, 2011 at 7:43pm
Refer to the above diagrams, in which AD1and AS1are the "before" curves and AD2and AS2are the "after" curves. Other things equal, a decline in net exports caused by a change in incomes abroad is depicted by:
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