ASU ECN 211

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Examen

ASU ECN 211 Final (Exams 1, 2, 3) 2024 with 100% correct answers
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18

enero 2024

2023/2024

A+
Which of the following is included in GDP? A. recreational marijuana purchased from a drug dealer by a college student? B. Recreational marijuana purchased and consumber by a man in his attic. C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. D. All of the above - correct answer C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. you know a candy bar cost five cents in 1962. You also know the CPI for 1962 and the CPI to...
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Examen

ECN 211 : Final Exam Review 2024 with 100% correct answers
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10

enero 2024

2023/2024

A+
Real GDP is commonly used for what? - correct answer Short run changes. When real GDP falls, so does what? - correct answer - Personal income - Corporate profits - Consumer spending - Investment spending - Industrial production When the overall economy declines that is due to what? - correct answer - Reduction in spending in factories - Housing - Inventory When real GDP declines, what happens to the unemployment rate? - correct answer It increases. What is the natural r...
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Examen

ASU ECN 211 FINAL EXAM 2024 WITH 100% CORRECT ANSWERS
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11

enero 2024

2023/2024

A+
Refer to the figure. If the government imposes a minimum wage of $9, then how many workers will be employed? - correct answer 6,000 Which of the following Fed actions would increase the money supply? - correct answer Buy bonds A soft drink cost $1.75 in 2019. The value for the CPI in 1965 is 60.2 and the value of the CPI for 2019 is 236.2, what is the price of a soft drink in 1965 dollars? - correct answer $0.45 Refer to the figure. If the economy starts at Y, then W represents: -...
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Examen

ASU ECN 211 Exam 2 – 2024 With 100% Correct Answers
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9

enero 2024

2023/2024

A+
Microeconomics - correct answer the study of how individual households and firms make decisions and how they interact with one another in markets Macroeconomics - correct answer the study of the economy as a whole What is the goal of macroeconomics? - correct answer to explain changes that affect many households, firms, and markets simultaneously GDP deflator - correct answer a measure of the price level calculated as the ratio of nominal GDP to real GDP times 100 GDP deflato...
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Examen

ASU ECN 211 FINAL EXAM 2024 WITH 100% CORRECT ANSWERS
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4

enero 2024

2023/2024

A+
The opportunity cost of an item is.... - correct answer what you give up to get that item Total output in an economy increases when each person specializes because - correct answer each person spends more time producing that product in which they have a comparative advantage in. The producer that requires a smaller quantity of inputs to produce a certain amount of a good, relative to the quantities of inputs required by other producers to produce the same amount of that good, - correc...
YANCHY
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Examen

ASU ECN 211 FINAL EXAM 2024 WITH 100% CORRECT ANSWERS
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4

enero 2024

2023/2024

A+
The opportunity cost of an item is.... - correct answer what you give up to get that item Total output in an economy increases when each person specializes because - correct answer each person spends more time producing that product in which they have a comparative advantage in. The producer that requires a smaller quantity of inputs to produce a certain amount of a good, relative to the quantities of inputs required by other producers to produce the same amount of that good, - correc...
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Examen

ECN 211 Midterm #1 exam 2024 with 100% correct answers
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9

septiembre 2024

2024/2025

A+
market failure - correct answer a situation in which a market left on its own fails to allocate resources efficiently economics - correct answer the study of how society manages its scarce resources incentive - correct answer something that induces a person to act productivity - correct answer the quantity of goods and services produce from each unit of labor input opportunity cost - correct answer whatever must be given up to obtain some item externality - correct answer the impact of one perso...
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