75. National saving= GDP-C-G
= $(5-3.1-0.7) trillion = $1.2 trillion.
Hence, option(C) is correct.
77. Wages set above the equilibrium wage by firms to increase productivity are called efficiency wages. Hence, option(C) is correct.
Question 75 0.5 pts Scenario 26-2. Assume the following information for an imaginary, closed economy GDP...
Question 39 0.5 pts Figure 4-19 Ince 20 18 + 16+ 14 + 12 10 8 6 4 2 D 10 20 30 40 50 60 70 80 90 any 39. Refer to Figure 4-19. In this market, equilibrium price and quantity, respectively, are 0 a $10 and 30 units. b. $10 and 50 units. O c. $10 and 70 units. O d. $4 and 50 units. Question 32 0.5 pts Scenario 26-2. Assume the following information for an imaginary,...
Incorrect Question 4 0/0.1 pts An increase in productivity throughout the economy will likely lead to a wage rate. in the • decrease increase indeterminate Incorrect Question 5 0/0.1 pts Which of the following is not a reason that a firm may have monopsony power in the labor market? Worker productivity is unknown with certainty (to firms and to themselves). The firm is one of only a small number of forms in the industry. • The firm is one of...
QUESTION 10
Consider the monthly data, including the estimates for March
2020, and the information in the articles. Which of the following
is the best analysis of and prediction for the money market in the
U.S. economy for the next few months?
a.
Shortages are causing panic buying by households, which has
increased money demand. Lenders are increasing their lending to
keep up with the needs of households and businesses. Money demand
is increasing more than money supply.
b.
Shortages...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
Question 50 (1 point) A(n) _____ in oil prices and a(n) _____ in taxes will shift short-run aggregate supply to the left. Question 50 options: a) decrease; increase b) decrease; decrease c) increase; decrease d) increase; increase Question 51 (1 point) Which of the following events will shift the aggregate demand curve to the right? Question 51 options: a) an increase in household debt b) a catastrophic hurricane hitting the northeastern United States c) a decrease in taxes d) a...
please help with a detailed, fully explained answer
for Question 2. thank you
Read the case study below and answer the questions. SHORT RUN STABILIZATION AND LONG RUN COMPETITIVENESS: THE LAVITAN CASE Growth of a young country Latvia - a small, young country on the east coast of the Baltic Sea -has recently earned the title of a "tiger". After gaining its independence from the Soviet Union in 1991, the country embarked upon a challenging road of transitioning from a...
Match the following: 2. Adam Smith 3. Karl Marx 4. John Maynard Keynes Choices: (2 are not used.) a. invented capitalism b. invented socialism c. founder of modern macroeconomics d. founder of modern market economics e. predicted the end of capitalism 5. If a firm has trouble selling its good, it can a. lower price. b. increase demand. c. decrease supply. d. both a) and b) are correct. 6. People often pay too much for goods because they are not...
Match the following: Adam Smith David Ricardo John Maynard Keynes Choices: (2 are not used.) a. founder of modern market economics comparative advantage-argument for mutual benefits of international trade comparative advantage-emphasized job displacements of international trade founder of modern macroeconomics invented capitalism duo If a firm has trouble selling its good, it can lower price. increase demand. decrease supply. both a) and b) are correct. 6. People often pay too much for goods because they are not aware of which...
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Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...