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- Due to COVID-19 the demand for bath tissue papers and paper towels increased by canadian citizen. It has increased the canadian Aggregate demand. True or False.Bank rate is the rate at which central bank lends money to commercial banks. Select one: True FalseTrue/ false A increase in the general price level is a good sign to the well being of the people.
- 3- The lowest part of a recession is referred to as its _________. a. Depression b. Boom c. Peak d. TroughMultiple choice. 3. Which of the following statements is true if there is an increase in aggregate demand while the economy is in equilibrium on a positively sloping short-run aggregate supply curve? a) Prices rise, national income does not change B) Prices decrease, national income does not change C) Prices go up and national income goes down. D) Prices decrease and national income decreases. E) Prices rise, national income risesA real value will increase only when prices increase. Select one: True False If the real value for manufacturing sales increases then the nominal value must also have increased. Select one: True False If nominal GDP is rising faster than real GDP then prices must be rising. Select one: True False
- Given the Aggregate demand function of US AD= 5000 + 0.7Yd. Interpret this equation and diagramatically express the equilibrium output.QUESTION 8 What is the main problem with using Executive Opinion as a forecasting tool? People under forecast so they can look when they exceed the goal. One person can overrule everyone and set the goal alone It is impossible to get all customer information to the executives Executives tend to think they know more than anyone else QUESTION 9 A seasonal index is calculated by dividing the _________. current season by the previous season previous season by the current season current season by the average of all of the seasons highest value season by the lowesRecessions occura. regularly, about every 3 years.b. regularly, about every 7 years.c. regularly, about every 12 years.d. irregularly
- Define recession.Question 3Examine the fundamental causes of a nation’s business cycle fluctuations. Also, examine the relationship between total spending by government and consumers in a nation and the location of the countries’ GDP on the business cycle.MULTIPLE CHOICE Let yt = 12.50 be the natural logarithm of Real GDP in year t. Suppose that gt = 12.45 is the trend for yt in year t. Then: (1) the cyclical component of Real GDP in year t is 5%. (2) the cyclical component of Real GDP in year t is −5%. (3) the cyclical component of Real GDP in year t is 0.05%. (4) the cyclical component of Real GDP in year t is −0.05%.
