Mac || All Answers are Flawless.
opp cost of producing 2 units of good Y? correct answers A: 6 units of good X
Country A can produce 3 X or 6 Y with a unit of labor and Country B correct answers A: Country
A has comp advan in Y.
good Z is in equilibrium and Z is an inferior good correct answers A: decrease in the equilibrium
price of good Z and a decrease in the equilibrium quantity of good Z.
Shift from D1 to D2 for Good A in this graph correct answers A: An incre in income, good A
inferior
shifting from D to D′ and supply shifting from S to S′. correct answers A: An incr in price of a
sub good, incre in the price of a input
circular flow model of the economy? correct answers A: Households deman out and supply in
the input
GDP is underestimated? correct answers A: Home production not
unemployment rate tends to underestimate correct answers A: not include the discouraged
workers
"cyclically" unemployed by economists? correct answers A: Edward
Year Price of Good A Quantity of Good A. Price of Good Quantity of Good B [1 $10 5 $12. 6 2
$15 5 $12. 7] correct answers A: Nominal + real GDP both increase
, rate of inflation unexpectedly increases, suffer a loss? correct answers A: holder of a government
bond, annual fixed interest
If the nominal GDP of County Y is lower in year 2 than in year 1 correct answers A: The real
GDP of Country Y/ price level of Country Y lower in year 2 than in 1.
Assume that nominal income increases by 5% and the price level increases by 3%, which of the
following is true? correct answers A: Real GDP increased by approximately 2%
At T1 and T3 of this economy's business cycle correct answers A: Real GDP increase
unemployment failing
increase in a country's aggregate demand? correct answers A: increase exports
marginal propensity to save is 0.2 (or 20%), what is the maximum value? correct answers A: 5
If the marginal propensity to consume is .75? correct answers A: A $50 incre in taxes could decr
AD by $150.
(SRAS) is true? correct answers A: Lower PL will reduce the agg quant of output in short run.
Comparing points A and B on this graph, which of the following is true? correct answers A: Pt B,
higher PL that incr the quantity of real GDP
lead to a rightward or outward shift in the long-run (LRAS)? correct answers A: An incre in the
rate of savings and capital formation
When the economy is in a short-run equilibrium with the PL at PL0 and real output correct
answers A: AD and AS are equal at PL0.
opp cost of producing 2 units of good Y? correct answers A: 6 units of good X
Country A can produce 3 X or 6 Y with a unit of labor and Country B correct answers A: Country
A has comp advan in Y.
good Z is in equilibrium and Z is an inferior good correct answers A: decrease in the equilibrium
price of good Z and a decrease in the equilibrium quantity of good Z.
Shift from D1 to D2 for Good A in this graph correct answers A: An incre in income, good A
inferior
shifting from D to D′ and supply shifting from S to S′. correct answers A: An incr in price of a
sub good, incre in the price of a input
circular flow model of the economy? correct answers A: Households deman out and supply in
the input
GDP is underestimated? correct answers A: Home production not
unemployment rate tends to underestimate correct answers A: not include the discouraged
workers
"cyclically" unemployed by economists? correct answers A: Edward
Year Price of Good A Quantity of Good A. Price of Good Quantity of Good B [1 $10 5 $12. 6 2
$15 5 $12. 7] correct answers A: Nominal + real GDP both increase
, rate of inflation unexpectedly increases, suffer a loss? correct answers A: holder of a government
bond, annual fixed interest
If the nominal GDP of County Y is lower in year 2 than in year 1 correct answers A: The real
GDP of Country Y/ price level of Country Y lower in year 2 than in 1.
Assume that nominal income increases by 5% and the price level increases by 3%, which of the
following is true? correct answers A: Real GDP increased by approximately 2%
At T1 and T3 of this economy's business cycle correct answers A: Real GDP increase
unemployment failing
increase in a country's aggregate demand? correct answers A: increase exports
marginal propensity to save is 0.2 (or 20%), what is the maximum value? correct answers A: 5
If the marginal propensity to consume is .75? correct answers A: A $50 incre in taxes could decr
AD by $150.
(SRAS) is true? correct answers A: Lower PL will reduce the agg quant of output in short run.
Comparing points A and B on this graph, which of the following is true? correct answers A: Pt B,
higher PL that incr the quantity of real GDP
lead to a rightward or outward shift in the long-run (LRAS)? correct answers A: An incre in the
rate of savings and capital formation
When the economy is in a short-run equilibrium with the PL at PL0 and real output correct
answers A: AD and AS are equal at PL0.
