Homework Answers
1) Input cost = $0.12
Selling price of tomato = $0.18
Value added = $0.18 - $0.12 = $0.06
Option A is correct.
2) Change in average price of consumer goods and services is called consumer price Index which calculates the cost of basket of goods consumed by consumers.
Option D is correct.
3) Contractionary Fiscal policy includes reduction in government spending, transfer payment and rise in tax. It is adopted to reduce the aggregate demand in an economy to avoid inflationary gap.
Option D is correct.
4) Diagram is missing.
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A grocery store pays a farmer $0.18 per tomato. If it costs the...
this is the diagram for question 10 please answer Select one That provide a value added...
this is the diagram for question 10 please answer
Select one That provide a value added Business do not pay for • Purchased for use as input in the production of in goods or services Od. That we part of non-market activities Chcm.choice 10 Nothing selected Sector tomat 100 P Refer to figure 1. A shift from ADT to AD2 will SELO Fique 2 Select one a. Eliminate the GDP gap because of the increase in output Ob Move equilibrium...
Chapter 9 Part 2: Homework Problems Done 9. (Figure: Determining SRAS Shifts 2) Aggregate Output (Q)...
Chapter 9 Part 2: Homework Problems Done 9. (Figure: Determining SRAS Shifts 2) Aggregate Output (Q) Which of the following might cause a change in short-run aggregate supply? Unions successfully negotiate higher wages. Consumer incomes decrease. Businesses are increasingly optimistic about the future. Taxes on businesses increase. Start: 4:2S PM Aggregate Price Level (P) Done Chapter 9 Part 2: Homework Problems 11. (Figure: Shifting SRAS and AD) 200 180 SRAS 160 140 120 AD2 100 80 a 6아- AD 40아-...
ce Level Long Run Aegregate Supply 110 LRAS 1 105 100 95 13 5 14.5 15.5...
ce Level Long Run Aegregate Supply 110 LRAS 1 105 100 95 13 5 14.5 15.5 165 Real GDP or Output amlbon of 2009 dollars Refer to the economic model pictured above: Decrease in price levels from 105 to 100 will cause Real GDP to O remain constant in the long run increase to 16.5 trillion in the long run O decrease to 13.5 trillion in the long run O increase to 15.5 trillion in the long run Price Level...
I’m lost on all of these can some one please explain them. ( practice test )...
I’m lost on all of these can some one please explain them. (
practice test )
15) The "nalve" Keynesian model is unrealistic because it A) Assumes that AS is upward sloping when it is more probably horizontal. B) Assumes that the price level decreases as AD increases. C) Does not account for changes in output due to the multiplier. D) Does not take into account probable changes in the price level as the economy 均 approaches full employment. 16)...
please answer all The fiscal year for the federal government begins on: Select one: O a....
please answer all
The fiscal year for the federal government begins on: Select one: O a. The first Monday in January. O b. October 1st. O c. November 1st. O d. January 1st. Question 22 Not yet answered Points out of 1.00 P Flag question The GDP is: Select one: O a. C + I + G + (EX-IM). O b. The percentage of the labor force that is unable to find employment. O c. The measure of consumer prices...
Question 1 (1 point) An increase in government spending will shift the aggregate demand curve to...
Question 1 (1 point) An increase in government spending will shift the aggregate demand curve to the left. True False Question 2 (1 point) When federal government spending exceeds tax revenues, the federal government runs a budget surplus True False Question 3 (1 point) Taxation and government spending are examples of fiscal policy tools used to stabilize an economy. True False Question 4 (1 point) Gross domestic product calculations count only final goods and services because: a one cannot calculate...
ONLY ANSWER PLEASE! Assume you are told there is an increase in the demand for electric...
ONLY ANSWER PLEASE! Assume you are told there is an increase in the demand for electric cars. Based on this information, what would you predict in the market for electric cars? a) The equilibrium price will decrease, and the equilibrium quantity will decrease. b) The equilibrium price will increase, and the equilibrium quantity will increase. c) The equilibrium price will increase, and the equilibrium quantity will decrease. d) The equilibrium price will decrease, and the equilibrium quantity will increase. A...
Question 1 Not yet answered Marked out of 1.00 P Flag question Price Quantity Refer to the diagram. A decr...
Question 1 Not yet answered Marked out of 1.00 P Flag question Price Quantity Refer to the diagram. A decrease in supply is depicted by a Select one a move from point x to point y b. shift from S2 to S1. c. move from point y to point x. d. Shift from S1 to S2. 9w0 NEX e When economists describe "a market," they mean Select one: a. a system that allows buyers and sellers to interact with one...
Macroeconomic Multiple Choice Questions Answer All 10 Questions* 1) If the Central Bank of Kuwait puts...
Macroeconomic Multiple Choice Questions
Answer All 10 Questions*
1) If the Central Bank of Kuwait puts in place an expansionary monetary policy, its decision is based on A) the fact that the economy is at full employment B) Expectation of excessive inflation in the future C) the fact that the economy is in an expansion D) Unemployment level is high 2) When the interest rate is set at a very low rate A) the opportunity cost of holding money is...
THERE ARE 20 total QUESTIONS PLEASE ANSWER ALL OF THEM QUESTION 1 One way to reduce the recessio...
THERE ARE 20 total QUESTIONS PLEASE ANSWER ALL OF THEM
QUESTION 1 One way to reduce the recessionary gap through fiscal policy is to O increase government purchases. increase taxes. O decrease transfer payments. decrease the MPC QUESTION 2 Which of the following is true of open-market operations? It involves the purchase and sale of government securities by the central bank. O it involves the purchase and sale of stocks and bonds by private banks. It involves measures taken by...
this is the diagram for question 10 please answer
Select one That provide a value added Business do not pay for • Purchased for use as input in the production of in goods or services Od. That we part of non-market activities Chcm.choice 10 Nothing selected Sector tomat 100 P Refer to figure 1. A shift from ADT to AD2 will SELO Fique 2 Select one a. Eliminate the GDP gap because of the increase in output Ob Move equilibrium...
Chapter 9 Part 2: Homework Problems Done 9. (Figure: Determining SRAS Shifts 2) Aggregate Output (Q) Which of the following might cause a change in short-run aggregate supply? Unions successfully negotiate higher wages. Consumer incomes decrease. Businesses are increasingly optimistic about the future. Taxes on businesses increase. Start: 4:2S PM Aggregate Price Level (P) Done Chapter 9 Part 2: Homework Problems 11. (Figure: Shifting SRAS and AD) 200 180 SRAS 160 140 120 AD2 100 80 a 6아- AD 40아-...
ce Level Long Run Aegregate Supply 110 LRAS 1 105 100 95 13 5 14.5 15.5 165 Real GDP or Output amlbon of 2009 dollars Refer to the economic model pictured above: Decrease in price levels from 105 to 100 will cause Real GDP to O remain constant in the long run increase to 16.5 trillion in the long run O decrease to 13.5 trillion in the long run O increase to 15.5 trillion in the long run Price Level...
I’m lost on all of these can some one please explain them. (
practice test )
15) The "nalve" Keynesian model is unrealistic because it A) Assumes that AS is upward sloping when it is more probably horizontal. B) Assumes that the price level decreases as AD increases. C) Does not account for changes in output due to the multiplier. D) Does not take into account probable changes in the price level as the economy 均 approaches full employment. 16)...
please answer all
The fiscal year for the federal government begins on: Select one: O a. The first Monday in January. O b. October 1st. O c. November 1st. O d. January 1st. Question 22 Not yet answered Points out of 1.00 P Flag question The GDP is: Select one: O a. C + I + G + (EX-IM). O b. The percentage of the labor force that is unable to find employment. O c. The measure of consumer prices...
Question 1 Not yet answered Marked out of 1.00 P Flag question Price Quantity Refer to the diagram. A decrease in supply is depicted by a Select one a move from point x to point y b. shift from S2 to S1. c. move from point y to point x. d. Shift from S1 to S2. 9w0 NEX e When economists describe "a market," they mean Select one: a. a system that allows buyers and sellers to interact with one...
Macroeconomic Multiple Choice Questions
Answer All 10 Questions*
1) If the Central Bank of Kuwait puts in place an expansionary monetary policy, its decision is based on A) the fact that the economy is at full employment B) Expectation of excessive inflation in the future C) the fact that the economy is in an expansion D) Unemployment level is high 2) When the interest rate is set at a very low rate A) the opportunity cost of holding money is...
THERE ARE 20 total QUESTIONS PLEASE ANSWER ALL OF THEM
QUESTION 1 One way to reduce the recessionary gap through fiscal policy is to O increase government purchases. increase taxes. O decrease transfer payments. decrease the MPC QUESTION 2 Which of the following is true of open-market operations? It involves the purchase and sale of government securities by the central bank. O it involves the purchase and sale of stocks and bonds by private banks. It involves measures taken by...
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