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Posted by on Saturday, August 16, 2008 at 7:04am.

Question 1 (1.00 points)

Cost-push inflation:


a. is caused by excessive total spending.

b. shifts the nation's production possibilities curve leftward.

c. moves the economy inward from its production possibilities curve.

d. is a mixed blessing because it has positive effects on real output and employment.


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Question 2 (1.00 points)

The unemployment rate is the:


a. ratio of unemployed to employed workers.

b. number of employed workers minus the number of workers who are not in the labor force.

c. percentage of the labor force that is out of work.

d. percentage of the total population that is out of work.


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Question 3 (1.00 points)

Other things equal, an improvement in productivity will:


a. shift the aggregate demand curve to the left.

b. shift the aggregate supply curve to the left.

c. shift the aggregate supply curve to the right.

d. increase the price level.


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Question 4 (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. Cost-push inflation is depicted by:


a. panel (A) only.

b. panel (B) only.

c. panel (C) only

d. panels (B) and (C).


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Question 5 (1.00 points)

Answer the next question(s) on the basis of the following aggregate demand and supply schedules for a hypothetical economy:


Reference: REF 11-65


Refer to the above data. The equilibrium price level will be:


a. 150.

b. 200.

c. 250.

d. 300.


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Question 6 (1.00 points)

Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in Alaska. That year, Professor Simpson would be officially counted as:


a. structurally unemployed.

b. frictionally unemployed.

c. not in the labor force.

d. employed.


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Question 7 (1.00 points)



Reference: F11088


Refer to the above diagram. If aggregate supply is AS1 and aggregate demand is AD0, then:


a. at any price level above G a shortage of real output would occur.

b. F represents a price level that would result in a surplus of real output of AC.

c. a surplus of real output of GH would occur.

d. F represents a price level that would result in a shortage of real output of AC.


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Question 8 (1.00 points)



Reference: F11088


Refer to the above diagram. Other things equal, a shift of the aggregate supply curve from AS0 to AS1 might be caused by a(n):


a. increase in government regulation.

b. increase in aggregate demand.

c. increase in productivity.

d. decline in nominal wages.


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Question 9 (2.00 points)



Reference: F11123


Refer to the above diagram. If equilibrium real output is Q2, then:


a. aggregate demand is AD1.

b. the equilibrium price level is P1.

c. producers will supply output level Q1.

d. the equilibrium price level is P2.

  • lasec - , Saturday, August 16, 2008 at 8:33am

    This is a test or assignment that you are supposed to complete, and refers to references and diagrams that we do not have. We cannot help you.

  • lasec - , Saturday, August 16, 2008 at 9:30am

    Thank you for using the Jiksha Homework Help Forum. The following may help you somewhat:

    1. http://en.wikipedia.org/wiki/Cost-push_inflation

    2. (definition): http://www.investorwords.com/1162/cost_push_inflation.html

  • lasec - , Thursday, October 2, 2008 at 11:42pm

    What is the answer question 6

  • lasec - , Sunday, October 5, 2008 at 12:31pm

    abababa

  • lasec - , Sunday, October 5, 2008 at 4:21pm

    afkdjf

  • lasec - , Friday, November 7, 2008 at 6:25pm

    where is the answers? i have a question like that for my homework and im curious.

  • lasec - , Saturday, April 11, 2009 at 8:03pm

    what is the answer to question 5 (d)

  • columbus - , Wednesday, July 1, 2009 at 10:20am

    Other things equal, a decrease in real interest will

  • lasec - , Monday, August 10, 2009 at 5:32am

    question 3-9c0

  • lasec - , Monday, August 10, 2009 at 5:32am

    question3-(c)

  • ukzn - , Friday, August 21, 2009 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. Cost-push inflation is depicted by:


    a. panel (A) only.

    b. panel (B) only.

    c. panel (C) only

    d. panels (B) and (C).

  • lasec - , Monday, August 24, 2009 at 9:25am

    a
    b
    a
    a
    a

  • lasec - , Monday, November 9, 2009 at 8:39pm

    6. c

  • economics - , Friday, June 4, 2010 at 10:18am

    Refer to the above diagram. If equilibrium real output is Q2, then:


    a. aggregate demand is AD1.

    b. the equilibrium price level is P1.

    c. producers will supply output level Q1.

    d. the equilibrium price level is P2.

  • macro - , Monday, November 28, 2011 at 1:13am

    f11123

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