Use the figure below to answer the following questions. Figure 12.2.3 -Refer to Figure 12.2.3.Assume that the figure illustrates an economy initially in equilibrium at the intersection of the SAS0 curve and the AD0 curve.If the aggregate demand curve is expected to shift to AD1 but remains at AD0, the new equilibrium real GDP is _______ and the new equilibrium price level is _______.

A) $500 billion; 100 B) $380 billion; 100 C) $500 billion; 150 D) $620 billion; 125 E) $380 billion; 125 A) $500 billion; 100 B) $380 billion; 100 C) $500 billion; 150 D) $620 billion; 125 E) $380 billion; 125

Exam 12: The Business Cycle, Inflation, and Deflation

Use the figure below to answer the following questions. Figure 12.4.1 -Refer to Figure 12.4.1.The figure illustrates an economy's Phillips curves.If the expected inflation rate changes to 3 percent a year, the

(Multiple Choice)

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Question 61

In real business cycle theory, _______ are the main source of economic fluctuations.

(Multiple Choice)

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Question 62

Suppose that the business cycle in Canada is best described by RBC theory.An advance in technology increases productivity.The when- to- work decision depends on the real interest rate.The ___ the real interest rate, other things remaining the same, the _ is the supply of labour today.RBC theorists believe the when- to- work effect is _____.

(Multiple Choice)

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Question 63

Which of the following is not a mainstream theory of the business cycle?

(Multiple Choice)

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Question 64

According to real business cycle theory, if the Bank of Canada increases the quantity of money when real GDP decreases, real GDP

(Multiple Choice)

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Question 65

Cost- push inflation can result from an initial

(Multiple Choice)

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Question 66

According to real business cycle theory, an increase in productivity ___ the demand for loanable funds, _ the demand for labour, and _ the supply of labour.The real interest rate will ___.

(Multiple Choice)

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Question 67

A movement down along the short- run Phillips curve results from an unanticipated

(Multiple Choice)

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Question 68

Use the figure below to answer the following questions. Figure 12.2.3 -Refer to Figure 12.2.3.Assume that the figure illustrates an economy initially in equilibrium at the intersection of the SAS₀curve and the AD₀curve.If the aggregate demand curve is expected to shift to AD₁but remains at AD₀, the new equilibrium real GDP is _ and the new equilibrium price level is _.

(Multiple Choice)

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Question 69

Use the table below to answer the following questions. Table 12.4.1 -Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, and the inflation rate unexpectedly falls to 8 percent, what is the unemployment rate?

(Multiple Choice)

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Question 70

Use the figure below to answer the following questions. Figure 12.2.2 -Refer to Figure 12.2.2.Consider the market for labour as the short- run aggregate supply curve shifts leftward from SAS₀to SAS₁.This shift could have been the result of an agreement between workers and employers for a

(Multiple Choice)

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Question 71

Suppose that the money prices of raw materials rise.With no action by the Bank of Canada, I.the aggregate demand curve shifts rightward and the price level rises. II.the aggregate demand curve shifts rightward and the aggregate supply curve shifts leftward. III.the initial outcome is lower employment and a rise in the price level.

(Multiple Choice)

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Question 72

According to real business cycle theory, a fall in the real interest rate _ the supply of labour and _ employment.

(Multiple Choice)

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Question 73

The key difference between new classical cycle theory and new Keynesian cycle theory is that the new classical cycle theory believes that _ while the new Keynesian cycle theory believes that _.

(Multiple Choice)

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Question 74

Suppose that a severe shock that decreases the demand for loanable funds hits Canada.Which of the following can we expect to occur according to real business cycle theory?

(Multiple Choice)

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Question 75

Real business cycle theorists believe that the intertemporal substitution effect _.Many other economists believe that the intertemporal substitution effect _.

(Multiple Choice)

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Question 76

In real business cycle theory, the supply of labour

(Multiple Choice)

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Question 77

A forecast based on all the relevant information is

(Multiple Choice)

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Question 78

Demand- pull inflation can start when

(Multiple Choice)

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Question 79

Use the figure below to answer the following questions. Figure 12.4.1 -Refer to Figure 12.4.1.The figure illustrates an economy's Phillips curves.If the current inflation rate is 4 percent a year, what is the current unemployment rate?

(Multiple Choice)

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Question 80

Showing 61 - 80 of 105

Use the figure below to answer the following questions. Figure 12.4.1 -Refer to Figure 12.4.1.The figure illustrates an economy's Phillips curves.If the expected inflation rate changes to 3 percent a year, the

In real business cycle theory, _______ are the main source of economic fluctuations.

Which of the following is not a mainstream theory of the business cycle?

According to real business cycle theory, if the Bank of Canada increases the quantity of money when real GDP decreases, real GDP

Cost- push inflation can result from an initial

According to real business cycle theory, an increase in productivity ___ the demand for loanable funds, _ the demand for labour, and _ the supply of labour.The real interest rate will ___.

A movement down along the short- run Phillips curve results from an unanticipated

Use the table below to answer the following questions. Table 12.4.1 -Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, and the inflation rate unexpectedly falls to 8 percent, what is the unemployment rate?

Use the figure below to answer the following questions. Figure 12.2.2 -Refer to Figure 12.2.2.Consider the market for labour as the short- run aggregate supply curve shifts leftward from SAS₀to SAS₁.This shift could have been the result of an agreement between workers and employers for a

According to real business cycle theory, a fall in the real interest rate _ the supply of labour and _ employment.

The key difference between new classical cycle theory and new Keynesian cycle theory is that the new classical cycle theory believes that _ while the new Keynesian cycle theory believes that _.

Suppose that a severe shock that decreases the demand for loanable funds hits Canada.Which of the following can we expect to occur according to real business cycle theory?

Real business cycle theorists believe that the intertemporal substitution effect _.Many other economists believe that the intertemporal substitution effect _.

In real business cycle theory, the supply of labour

A forecast based on all the relevant information is

Demand- pull inflation can start when

Use the figure below to answer the following questions. Figure 12.4.1 -Refer to Figure 12.4.1.The figure illustrates an economy's Phillips curves.If the current inflation rate is 4 percent a year, what is the current unemployment rate?

What Is Economics

The Economic Problem

Demand and Supply

Measuring Gdp and Economic Growth

Monitoring Jobs and Inflation

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers

Fiscal Policy

Monetary Policy

International Trade Policy

Filters

Exam 12: The Business Cycle, Inflation, and Deflation

Use the figure below to answer the following questions. Figure 12.4.1 -Refer to Figure 12.4.1.The figure illustrates an economy's Phillips curves.If the expected inflation rate changes to 3 percent a year, the

In real business cycle theory, _______ are the main source of economic fluctuations.

Which of the following is not a mainstream theory of the business cycle?

According to real business cycle theory, if the Bank of Canada increases the quantity of money when real GDP decreases, real GDP

Cost- push inflation can result from an initial

According to real business cycle theory, an increase in productivity _______ the demand for loanable funds, _______ the demand for labour, and _______ the supply of labour.The real interest rate will _______.

A movement down along the short- run Phillips curve results from an unanticipated

Use the table below to answer the following questions. Table 12.4.1 -Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, and the inflation rate unexpectedly falls to 8 percent, what is the unemployment rate?

Use the figure below to answer the following questions. Figure 12.2.2 -Refer to Figure 12.2.2.Consider the market for labour as the short- run aggregate supply curve shifts leftward from SAS0 to SAS1.This shift could have been the result of an agreement between workers and employers for a

According to real business cycle theory, a fall in the real interest rate _______ the supply of labour and _______ employment.

The key difference between new classical cycle theory and new Keynesian cycle theory is that the new classical cycle theory believes that _______ while the new Keynesian cycle theory believes that _______.

Suppose that a severe shock that decreases the demand for loanable funds hits Canada.Which of the following can we expect to occur according to real business cycle theory?

Real business cycle theorists believe that the intertemporal substitution effect _______.Many other economists believe that the intertemporal substitution effect _______.

In real business cycle theory, the supply of labour

A forecast based on all the relevant information is

Demand- pull inflation can start when

Use the figure below to answer the following questions. Figure 12.4.1 -Refer to Figure 12.4.1.The figure illustrates an economy's Phillips curves.If the current inflation rate is 4 percent a year, what is the current unemployment rate?

What Is Economics

The Economic Problem

Demand and Supply

Measuring Gdp and Economic Growth

Monitoring Jobs and Inflation

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers

Fiscal Policy

Monetary Policy

International Trade Policy

Filters

According to real business cycle theory, an increase in productivity ___ the demand for loanable funds, _ the demand for labour, and _ the supply of labour.The real interest rate will ___.

Use the figure below to answer the following questions. Figure 12.2.2 -Refer to Figure 12.2.2.Consider the market for labour as the short- run aggregate supply curve shifts leftward from SAS₀to SAS₁.This shift could have been the result of an agreement between workers and employers for a

According to real business cycle theory, a fall in the real interest rate _ the supply of labour and _ employment.

The key difference between new classical cycle theory and new Keynesian cycle theory is that the new classical cycle theory believes that _ while the new Keynesian cycle theory believes that _.

Real business cycle theorists believe that the intertemporal substitution effect _.Many other economists believe that the intertemporal substitution effect _.