Ad curve Guides d'étude, Notes de cours & Résumés

3.2.3.1 Economic growth and the economic cycle - --Content The difference between short-run and long-run growth. The various demand-side and supply-side determinants of short-run growth of real national income and the long-run trend rate of economic growth. The concept of the economic cycle and the use of a range of economic indicators, such as real GDP, the rate of inflation, unemployment and investment, to identify the various phases of the economic cycle. The difference between positive...

Maro-test 3 questions & answers 2023/2024 Suppose an economy has a money growth rate (M ⃗ ) of 5% and velocity growth (v ⃗ ) of 2%. The AD curve for this economy would intersect the real growth (horizontal) axis at _______ and the inflation (vertical) axis at _______. 2%; 5% 2%; 2% 5%; 5% 7%; 7% - ANSWER-7%; 7% If the economy is in long-run equilibrium at a long-run, potential growth rate of 3% and a nominal spending growth rate of 5%, the equilibrium rate of inflation must be:...

2024 macro paper Exam Questions and Answers 100% Pass Define the term 'inflation'. (1) - Correct Answer ️️ -increase in GDP (measured by the CPI based on an average basket of goods) Explain one likely cause of inflation. (2) - Correct Answer ️️ -increasing in govt spending --> AD shifts out --> actual growth --> demand pull inflation OR natural disaster --> AS shifts inwards --> cost push inflation Illustrate the shape of the Classical long-run aggregate supply (A...

HSC Economics Formulas Calculation of government revenue from tariff Tariff x level of imports (diagram) Calculation of a subsidy Vertical distance between initial equilibrium price and new supply curve (diagram) Balance of Payments CA + KAFA + Net Errors/Omissions Current Account BOGS + NPI + NSI Balance of Goods and Services Net goods + net services Financial Account Direct Investment; Portfolio Investment; Financial Derivatives; Other Assets; Reserve Assets ...

What best describes pay scales among real estate agents? - ANSWER Pay levels vary, usually with years of experience. The best description of an open market system would be that - ANSWER Consumers are free to decide what they want and producers are free to supply these needs The value of all goods and services produced in a country is called what? - ANSWER Gross national product The cost of housing is a barrier to first-time owners. T/F - ANSWER true Changes in market conditions are i...

TMU Macroeconomics Final Exam Review Kahoot (Ch. 11-21) 2024 T/F- The level of economic activity in a society tends to grow over time. -Answer-True Under which circumstance with a bank pay less for a loan on the secondary market? - Answer-The borrower is a firm who has recently declared bankruptcy all of the following are ways in which a bank could increase its reserve requirement, except for: -Answer-Buying bonds from the FED Which of the following tools is the FED most likely to use in ...

Macro Essay Plans Exam With 100% Correct Answers 2024 Evaluate the view that free-market supply-side reforms are beneficial to the UK economy [25] - correct answer-Supply side policies are the set of micro and macro government policies used to improve national economic performance by creating more competitive & efficient markets. Decrease NMW & benefits (reduced real wage unemployment), reduced income so increased incentive to work, increased labour supply, decrease wage costs, increase S...

AP Macroeconomics May 2024 Exam Review with Answers Movement on Short-Run Phillips Curve - Answer>> Shift in AD (graph movement is in opposite direction) Shift of Short-Run Phillips Curve - Answer>> Shift in SRAS (shift is in opposite direction) Factors of Production - Answer>> 1. Land 2. Labor 3. Capital 4. Technology Shifters of Demand for Loanable Funds - Answer>> 1. Incentive to Invest 2. Contractionary Fiscal Policy (to the right)

Absolute Advantage - ANSWER-The capability to produce more of a given product using less of a given resource than a competing entity Absolute Quota - ANSWER-Strictly limiting the quantity of goods that may enter a country Accounting Profit - ANSWER-Total revenues minus explicit costs, including depreciation Acquisition - ANSWER-When one firm purchases another Ad Valorem Tariffs - ANSWER-Import tax based on a fixed percentage of the assessed commercial value of imported goods Adver...

Draw a graph of aggregated demand. Make sure to label the axis - ANSWER-Vertical axis is Price and Horizontal Axis is GDP How does the quantity of GDP demanded change as the price level in the economy increases? Illustrate this on your graph - ANSWER-It leads to a lower quantity of spending on domestic goods and services decline List and explain the components of aggregate demand - ANSWER-Consumption spending when disposable income increases, so does consumption spending and AD shifts to t...