Economics Which of the following will reduce the price level and real output in the short run? a. an decrease in oil prices b. technical progress c. an increase in government purchases. d. a decrease in the money supply
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Economics
Which of the following will reduce the
a. an decrease in oil prices
b. technical progress
c. an increase in government purchases.
d. a decrease in the money supply
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- Finally, type the following problem and then show all work in answering the problem's questions: 1. Given an economy consists of five goods: clothing, shelter, transportation, food, and entertainment. Their prices for the year 2020 were$200,$1,000,$500,$800, and$400, respectively and the quantities purchased for the five goods were10,12,3,12, and 1 , respectively. If 2020 is the base year, what were the inflation or deflation rates for 2021 and 2022 if in 2021 the prices for the five goods were$300,$900,$600,$900, and$300, respectively and in 2022 thelprices for the five goods were$400,$1000,$400,$1000, and$200, respectively.Hello: Which of the following best describes a microeconomic question? (A) What is the value of US dollar in terms of other foreign currencies? (B) Should a particular firm enter a market? (C) Is the company of Japan in a recession? (D) What is the value of the goods and services that the United States produces every year? (E) What is the aggregate price level in an economy?42)Which one of the following is TRUE? Select one: a. 1929 to 1933 was the Great Depression b. 1979 was the first oil shock c. December 2007 to June 2008 was the Great Recession d. 1994 to 2000 was a recession in the U.S. e. 2008 was a recession in the U.S. caused by Paul Volcker increasing the interest rate
- In 2019, a. what percentage of the labor force was employed? b. what percentage of the labor force was unemployed? c. what percentage of the total population was employed?b. Classify each of the following statements as positive or normative. Explain.i. Bahamas faces a trade-off between inflation and unemployment ii. The ECCB should reduce the interest rates iii. St. Lucia ought to provide a pension for all citizens iv. Higher tax rates discourage savings an working.Using data from Table 19.5 how much of the nominal GDP growth from 1980 to 1990 was real GDP and how much was inflation?
- Which would likely increase the average level of interest rates for auto loans? Select one: a. An increase in inflation. b. An increase in the unemployment rate. c. A decrease in the level of business investment. d. A decrease in the amount of consumer spending.6. High unemployment is undesirable because it Question 6 options: a) reduces idle resources. b) always increases inflation. c) always increases interest rates. d) results in lower GDP.please explain it dept with about 2-3 paragraphs thank you! 1) How would scenarios A and B (A: recession, B: Economic Boom) affect the opportunity cost of going to college versus going to work immediately after high school? In which scenario is the opportunity cost of going to college higher? Why?
- this question is for macroeconomics but on bartleby it just show economics Canada’s real GDP in November 2020was $1,934,643,000 and $1,990.238,000 in November 2019. Canada’s population was 37,593,384 in 2019 and 38,005238 in 2020. Complete the questions below, fully showing your calculations. (7 marks) A .What is the growth rate of real GDP from November 2019 to November 2020? B. What is the growth rate of real GDP per person? C. Explain what is happening to the Standard of Living in Canada from November 2019 to November 2020?1-) Explain how we can use the Supply and Demand Model to explain price and quantity fluctuations in real life. 2-) Go to www.bls.gov and find the current unemployment rate and inflation rate for the US, how does this compare over time? How does it compare to other countries? 3-) What is the business cycle? How often do we have a Recession, when was the last one and the one before?What is most likely to happen to inflation and real output growthif a government raises taxes and its economy has a year of excellentweather for growing crops? Illustrate your verbal answer with a graph.Label everything!
