Question 1 (1.00 points)

Question

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.

drwls · Answer

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.

Abdirahim · Answer

What is the answer question 6

Anonymous · Answer

abababa

Anonymous · Answer

afkdjf

Anonymous · Answer

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

ELLA · Answer

what is the answer to question 5 (d)

Pat · Answer

Other things equal, a decrease in real interest will

john · Answer

question 3-9c0

john · Answer

question3-(c)

siya · Answer

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).