{"id":7621,"date":"2021-10-13T18:55:04","date_gmt":"2021-10-13T18:55:04","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/for-jus1mo-economics-homework-help\/"},"modified":"2021-10-13T18:55:04","modified_gmt":"2021-10-13T18:55:04","slug":"for-jus1mo-economics-homework-help","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/for-jus1mo-economics-homework-help\/","title":{"rendered":"For jus1mo | Economics homework help"},"content":{"rendered":"
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\u00a0<\/span><\/p>\n

7. Aggregate supply (AS) denotes the relationship between the __________________ that firms choose to produce and sell and the _________________, holding the price of inputs fixed.<\/span><\/p>\n

Question 7 options:<\/span><\/p>\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

a)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0total quantity; price level for output<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

b)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0total inputs; types of goods<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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c)\u00a0<\/span><\/p>\n<\/td>\n

\n

price of goods; number of employees\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
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d)\u00a0<\/span><\/p>\n<\/td>\n

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type of goods; input price of raw materials<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a08. When prices of outputs in an economy become sufficiently high causing production to exceed potential GDP, the resulting:<\/span><\/p>\n

Question 8 options:<\/span><\/p>\n\n\n\n
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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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a)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0higher wages will encourage workers to produce more at high prices.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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b)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0downward slope in aggregate supply curve will be short run.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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c)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0lower prices will lead to a lower quantity of demand.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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d)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0hyper-intense production will be unsustainable in the long run.<\/span><\/p>\n<\/td>\n<\/tr>\n

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\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

9. When the aggregate demand curves slope downwards because the price of a good increases, people will\u00a0<\/span><\/p>\n

Question 9 options:<\/span><\/p>\n\n\n\n
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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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a)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0buy at the higher price.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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b)\u00a0<\/span><\/p>\n<\/td>\n

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expect a wage increase.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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c)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0substitute and buy other goods instead.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
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d)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0consume less and save more.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

10. In macroeconomics, _____________________ denotes the relationship between the total quantity of goods and services and the price level for output.<\/span><\/p>\n

Question 10 options:<\/span><\/p>\n\n\n\n
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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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a)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0aggregate demand (AD)<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n\n
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b)\u00a0<\/span><\/p>\n<\/td>\n

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aggregate supply (AS)<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
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d)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0macroeconomic equilibrium<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

11. The following table shows the aggregate supply and demand data for a country.\u00a0\u00a0<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
\n

Price Level<\/span><\/p>\n<\/td>\n

\n

Aggregate Demand<\/span><\/p>\n<\/td>\n

\n

Aggregate Supply<\/span><\/p>\n<\/td>\n<\/tr>\n

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100<\/span><\/p>\n<\/td>\n

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10,000<\/span><\/p>\n<\/td>\n

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4,000<\/span><\/p>\n<\/td>\n<\/tr>\n

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200<\/span><\/p>\n<\/td>\n

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9,000<\/span><\/p>\n<\/td>\n

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5,000<\/span><\/p>\n<\/td>\n<\/tr>\n

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300<\/span><\/p>\n<\/td>\n

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8,000<\/span><\/p>\n<\/td>\n

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5,000<\/span><\/p>\n<\/td>\n<\/tr>\n

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400<\/span><\/p>\n<\/td>\n

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7,000<\/span><\/p>\n<\/td>\n

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7,000<\/span><\/p>\n<\/td>\n<\/tr>\n

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500<\/span><\/p>\n<\/td>\n

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6,000<\/span><\/p>\n<\/td>\n

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8,500<\/span><\/p>\n<\/td>\n<\/tr>\n

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600<\/span><\/p>\n<\/td>\n

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5,000<\/span><\/p>\n<\/td>\n

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9,000<\/span><\/p>\n<\/td>\n<\/tr>\n

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700<\/span><\/p>\n<\/td>\n

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4,000<\/span><\/p>\n<\/td>\n

\n

9,500<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

What is the equilibrium output?<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Question 11 options:<\/span><\/p>\n\n\n\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0\u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

12.<\/span><\/p>\n

\u00a0 \u00a0\u00a0<\/span>\u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

\u00a0Refer to the graph above. A government creating economic policy in these circumstances should be most concerned about:\u00a0<\/span><\/p>\n

Question 12 options:<\/span><\/p>\n\n\n\n\n\n\n
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[removed]<\/span><\/p>\n<\/td>\n

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unemployment but not inflation.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

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\u00a0inflation but not unemployment.<\/span><\/p>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n

\u00a0inflation and unemployment.\u00a0 \u00a0 \u00a0 \u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n

neither inflation nor unemployment.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

13. The Keynesian economic framework is based on an assumption that:\u00a0<\/span><\/p>\n

Question 13 options:<\/span><\/p>\n\n\n\n
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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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a)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0an increase in government spending will cause the aggregate demand curve to shift to the left.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

b)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0people can afford a high level of government services.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

c)\u00a0<\/span><\/p>\n<\/td>\n

\n

an increase in government spending will cause the aggregate demand curve to shift to the left.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
\n

d)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0prices and wages are sticky and do not adjust rapidly.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

14. The onset of a trade deficit is most likely supported by a country’s:\u00a0<\/span><\/p>\n

Question 14 options:<\/span><\/p>\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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a)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0reduction in the balance of trade.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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b)\u00a0<\/span><\/p>\n<\/td>\n

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increased consumption function.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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c)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0strong economic growth.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
\n

d)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0existing trade surplus.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

15. \u00a0When an economy is experiencing higher real interest rates, business firms will most likely be discouraged from investing in:<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Question 15 options:<\/span><\/p>\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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a)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0mechanical devices.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

b)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0specialized services.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

c)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0computer or other technologies.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
\n

d)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0tangible and\/or intangible capital.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

16. In macroeconomics, what name is given to the costs of changing prices that businesses must consider?<\/span><\/p>\n

Question 16 options:<\/span><\/p>\n\n\n\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

17. If a Keynesian expenditure-output model shows that aggregate demand for both goods and labor has shifted to the left to D1, while wages remained at w0 and prices remained at P0, what will be the result?<\/span><\/p>\n

Question 17 options:<\/span><\/p>\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n\n\n
\n

a)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0natural rate of unemployment<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
\n

d)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0coordinated wage reductions<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

18.\u00a0In macroeconomics, a _________________ is used to show the relationship between output and the input price level.<\/span><\/p>\n

Question 18 options:<\/span><\/p>\n\n\n\n\n
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[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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b)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0Keynesian framework<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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c)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0microeconomic model<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
\n

d)\u00a0<\/span><\/p>\n<\/td>\n

\n

expenditure-output model<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

19. ___________________ will not cause a shift of the AS curve in a Keynesian framework.<\/span><\/p>\n

Question 19 options:<\/span><\/p>\n\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

b)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0Changes in output prices\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

c)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0Changes in input prices<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a020.\u00a0 If markets throughout the global economy all have flexible and continually adjusting prices, then:<\/span><\/p>\n

Question 20 options:<\/span><\/p>\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

a)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0all market-oriented economies will implement coordinated wage reductions.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

b)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0each economy must shift in aggregate demand and create additional employment.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

c)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0all changes in prices and wages will create additional employment.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
\n

d)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0each economy will always head for its natural rate of unemployment.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

21. According to the Keynesian framework, ____________________________ will not help reduce inflation, but may help a country get out of a recession.<\/span><\/p>\n

Question 21 options:<\/span><\/p>\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

a)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0increased taxes on business investments<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

b)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0increased spending by the government on health care<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

c)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0increased consumer tax rate<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
\n

d)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0decreased military spending<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

22. Consumption, investment, government spending, exports, and imports are:<\/span><\/p>\n

Question 22 options:<\/span><\/p>\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

a)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0all components of aggregate demand.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

b)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0all complementary elements of a market-orientated economy.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

c)\u00a0<\/span><\/p>\n<\/td>\n

\n

some of the building blocks of Keynesian analysis.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
\n

d)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0some of the opposing elements found in a market-orientated economy.\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

23.\u00a0 The equilibrium quantity of labor and the equilibrium wage level decrease when:<\/span><\/p>\n

Question 23 options:<\/span><\/p>\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

a)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0labor demand shifts to the left, if wages are flexible.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

b)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0labor demand shifts to the right, if wages are flexible.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
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c)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0labor supply shifts to the right, if wages are flexible.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
\n

d)\u00a0<\/span><\/p>\n<\/td>\n

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\u00a0labor supply shifts to the left, if wages are flexible.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

24. Suppose that out of the original 100 increase in government spending, 33 will be recycled back into purchases of domestically produced goods and services in the second round and 10.89 is spent in the third round. Following this multiplier effect, what value would be recycled in the fourth round of this cycle?\u00a0<\/span><\/p>\n

Question 24 options:<\/span><\/p>\n\n\n\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n

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[removed]<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

25.\u00a0 The chart below gives the data necessary to make a Keynesian cross diagram. Assume that the tax rate is 0.4 of national income, the MPC out of after-tax income is 0.9, investment is 58, government spending is 60, exports are 40, and imports are 0.1 of after-tax income.\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n\n\n\n\n\n\n\n\n\n
\n

National Income<\/span><\/p>\n<\/td>\n

\n

After-tax income<\/span><\/p>\n<\/td>\n

\n

Consumption<\/span><\/p>\n<\/td>\n

\n

I+G+X<\/span><\/p>\n<\/td>\n

\n

Minus Imports<\/span><\/p>\n<\/td>\n

\n

Aggregate Expenditures<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

100<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

104<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

200<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

300<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

400<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

500<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

600<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/span><\/p>\n

What does consumption equal when income equals 600?<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Question 25 options:<\/span><\/p>\n\n\n\n
\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

a)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>540<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

b)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>374<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

c)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>324<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

[removed]<\/span><\/p>\n<\/td>\n

\n\n\n\n
\n

d)\u00a0<\/span><\/p>\n<\/td>\n

\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>104<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/span><\/p>\n

\u00a0<\/p>\n

\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0 7. Aggregate supply (AS) denotes the relationship between the __________________ that firms choose to produce and sell and the _________________, holding the price of inputs fixed. Question 7 options: [removed] a)\u00a0 \u00a0total quantity; price level for output [removed] b)\u00a0 \u00a0total inputs; types of goods [removed] c)\u00a0 price of goods; number of employees\u00a0 [removed] d)\u00a0 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-7621","post","type-post","status-publish","format-standard","hentry","category-homework-help"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/7621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=7621"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/7621\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=7621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=7621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=7621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}