when prices change so slowly that they don't affect how people spend, save or invest. the bank of Canada consider this? a.) price look b.) price stagnation c.) price war d.) price stability
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when prices change so slowly that they don't affect how people spend, save or invest. the bank of Canada consider this? a.)
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- Need help with supply and demand homework questions a) In the 1964 movie, Goldfinger, James Bond takes on the notorious gold smuggler and jeweller Auric Goldfinger. Goldfinger’s evil plan involves destroying the United States of America’s biggest stock of gold at Fort Knox, hence making Goldfinger wealthier. According to supply and demand, why does Goldfinger’s plan make sense? Explain, using a diagram. b) A drought destroys many coffee plants. How does this affect the market for coffee? Explain using a diagramIV. Before the pandemic, face masks were only used in certain hospitals handling highly contagious pulmonary diseases such as San Lazaro Hospitals and the ICUs of every hospital. However, studies and other health organizations and agencies talk about it’s effectiveness to prevent people from contracting the virus. Which of the following non-price determinants will affect the demand and in what way? How will it affect the country’s economy?Other things the same, the aggregate quantity of goods demanded in the U.S. increases if Group of answer choices money supply falls. the interest rate falls. the interest rate rises. dollars appreciate.
- In the United States, grain has many uses. These include food (directly and indirectly), fuel, and exportation. Since 2001, the growing demand for grain has resulted in a double price of farmland in Iowa, Nebraska, South Dakota, and Wyoming. How does the growing price of grain affect the market for farmland? How might farmers meet the growing demand for grain without having to use a greater quantity of land?If the future price of oil is expected to be lower than the current price both consumers and producers of crude oil expect crude oil prices to decrease in the near future show and explain the impact of these expectations on the market for crude oil, ceteris paribus?Draw the supply and demand curves based on the following schedules.Price Quantity Demanded Quantity Supplied$10 100 0$12 80 20$14 60 40$16 40 60$18 20 80$20 0 100 a. What is the market equilibrium price? b. From the Keynesian view, what condition will prevail at the price of $12?How about from the Classical view? c. Why Keynesians believe markets usually do not clear? d. Why Keynesians believe economies usually operate below their productionpossibilities frontier
- Question 4 . Changes in prices can be attributed to shifts in the supply curve, the demand curve, or both. In this module we learned several variables that can shift the curves (price of related goods, changes in expectations, etc.) According to the Hoffower article, what variable is likely to be the cause of increased college tuition from the demand side? What variable on the supply side?In the country of Solow, people buy only three things: food, rent, and luxury goods. Last year, the price of luxury goods went down, and the price of rent increased five percent. Overall CPI inflation increased 10%. What happened to the price of food? a) The price of food increased by exactly 10% b) The price of food increased by more than 10% c) The price of food increased by between 5% and 10% d) The price of food must have gone down e) None of these choices are correctBased on the principles of demand and supply, how is the rising price of gassoline determined? Should the government regulate the price?
- Question 2 If a movie theater ticket is a normal good, what do you suppose would happen to price and quantity during an economic recession? Question 2 options: (highlight correct answer) Price and quantity would both increase Price would increase and quantity decrease Price and quantity would both decrease Price would decrease and quantity increasePlease explain the right as well as the wrong answers One of the consequences of Price floor is a) Excess supply of the good, which could be perished b) Excess demand of the good c) There may be a surplus or shortage of the good d) There is a possibility of misallocation of resources If the market price rises consumer’s surplus a) Rises b) may fall c) declines d) may rise or fall If the market price falls producer’s surplus a) Rises b)may fall c) declines d) may rise or fall In the case of a Unit elastic supply of a good, the supply curve looks a) Flatter b) steeper c) downward sloping and neither steeper nor flatter d) upward sloping line with a 45-degree angle.With the aid of diagrams, evaluate why the price of commodity may increase using supply and demand analysis.