EP ECONOMICS,AP EDITION-CONNECT ACCESS
20th Edition
ISBN: 9780021403455
Author: McConnell
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter 30, Problem 6DQ
To determine
Unemployment caused by the decrease in either Aggregate Demand or Supply.
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Price
level
130
120
110
100
90
Aggregate
demand
(trillions of
2000
dollars)
S
10
11
12
Short-run
aggregate
supply
(trillions of
2000
dollars)
12
11
10
S
Long-run
aggregate
supply
(trillions of
2000
dollars)
10
10
10
10
10
The data in the above table indicate that the unemployment rate is at the natural
rate of unemployment.
O 1) True.
O2) False.
Suppose aggregate demand in the economy sharply decines. Keynesian economists say that the price level (at least for a time) will
and real output wil
O remain constant; decrease
Increase; remain constant
remain constant; increase
decrease; remain constant
lo000
The previous year had an unemployment rate of 14.1%, nominal GDP of $28.9 trillion, and real
GDP of $26.1 trillion. If the unemployment rate changes to 18.6% and overall price levels remain
constant, which choice below could be the current year nominal GDP?
O $39.3 trillion
O $39.2 trillion
$39.1 trillion
O $28.0 trillion
Chapter 30 Solutions
EP ECONOMICS,AP EDITION-CONNECT ACCESS
Ch. 30.7 - Prob. 1QQCh. 30.7 - Prob. 2QQCh. 30.7 - Prob. 3QQCh. 30.7 - Prob. 4QQCh. 30.A - Prob. 1ADQCh. 30.A - Prob. 2ADQCh. 30.A - Prob. 1ARQCh. 30.A - Prob. 2ARQCh. 30.A - Prob. 1APCh. 30.A - Prob. 2AP
Ch. 30 - Prob. 1DQCh. 30 - Prob. 2DQCh. 30 - Prob. 3DQCh. 30 - Prob. 4DQCh. 30 - Prob. 5DQCh. 30 - Prob. 6DQCh. 30 - Prob. 7DQCh. 30 - Prob. 8DQCh. 30 - Prob. 9DQCh. 30 - Prob. 1RQCh. 30 - Prob. 2RQCh. 30 - Prob. 3RQCh. 30 - Prob. 4RQCh. 30 - Prob. 5RQCh. 30 - Prob. 6RQCh. 30 - Prob. 7RQCh. 30 - Prob. 8RQCh. 30 - Prob. 9RQCh. 30 - Prob. 1PCh. 30 - Prob. 2PCh. 30 - Prob. 3PCh. 30 - Prob. 4PCh. 30 - Prob. 5P
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