Friday
April 18, 2014

Homework Help: lasec

Posted by njabulo 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.


Save answer


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.


Save answer


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.


Save answer


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).


Save answer


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.


Save answer


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.


Save answer


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.


Save answer


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.


Save answer


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.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

economic - 6. The table below is a set of hypothetical production possibilities ...
economic - 6. The table below is a set of hypothetical production possibilities ...
economic - The table below is a set of hypothetical production possibilities ...
principles of macroeconomics - It is possible for an economy to increase its ...
econ - Suppose the country of Maverick has specialized in the production of a ...
microeconomics - Describe the adjustments in the production possibilities curves...
social studies - Our economy ______ operates on its production possibility curve...
Economics - I picked C as the answer to this question but I am not sure? The ...
economic - Draw a production possibilities curve for a hypothetical economy ...
Microeconomics (trying this question again) - Just want to see if i did good in ...

Search
Members