Question 1

Explain why the supply of loanable funds is an upward sloping curve.(Why is there a graph here? It's not part of the question or answer. )

Accepted Answer

The savings function is upward

Question 2

Explain the basis of the neoclassical economists argument that long-lasting recessions were impossible.

Accepted Answer

Flexible prices,flexible wages

Question 3

What is the difference between demand side policies and supply side policies?

Accepted Answer

Demand side policies are policies that a

Question 4

Neoclassical economists believe that market economies can achieve full employment through self-adjustment.

Accepted Answer

A) True 
 B)False

Question 5

What is a 'restraint program'?

Accepted Answer

Higher taxes and cut

Question 6

According to neoclassical theory,the aggregate supply curve is horizontal at the prevailing price level.

Accepted Answer

A) True 
 B)False

Question 7

Explain the argument for the development of the new forms of financial securities.

Accepted Answer

The investment banks and hedge funds tha

Question 8

An inevitable result of recession is a budget deficit.Explain the reason a deficit occurs.

Accepted Answer

Deficits occur as a result of:
· Falling

Question 9

A major shift in perceptions about the role of government occurred during which of the following periods in history?

Accepted Answer

A) Immediately following WW II 
B) In the middle of the Great Depression 
C) Just prior to World War I 
D) In the 1990s 
A) Immediately following WW II 
B) In the middle of the Great Depression 
C) Just prior to World War I 
D) In the 1990s

Question 10

Which of the following statements correctly describes the economic conditions in Canada between 2012 and 2016?
A.Lackluster growth,slow decline in the unemployment rate,and a collapse in oil prices.
B.Lackluster growth,slow increases in the unemployment rate,and a collapse in oil prices.
C.Strong growth,sizable increases in the unemployment rate,and a collapse in oil prices.
D.Strong growth,sizable increases in the unemployment rate,and a surge in oil prices.

Accepted Answer

A) True 
 B)False

Question 11

Explain why Canada had mainly budget deficits between 1970s and 1990s.

Accepted Answer

There are three reasons to why Canada ha

Question 12

What was the conclusion of the 19th century-neoclassical economists in regards to changing demand patterns and temporary shortages of specific goods?

Accepted Answer

A surplus in one industry is accompanied

Question 13

Explain the link between the credit-rating of derivatives and the demand for traditional mortgages.

Accepted Answer

The flow of traditional mortgages could

Question 14

Define 'investment bank'

Accepted Answer

A financial institution that a

Question 15

What degree of risk was assumed by each player in the market?

Accepted Answer

a)The brokers who gave these mortgages d

Question 16

Create a graph illustrating labour unemployment.Explain how unemployment occurs.
Unemployment is a result of the prevailing wage rate being above equilibrium.

Accepted Answer

@#IMG-DLM& As shown in the above graph,at wage rat

Question 17

Explain the development of innovations in the financial securities market that greatly increased investor interest in the housing market.

Accepted Answer

An estimated pool of $70 trillion in inv

Question 18

Define Say's Law.

Accepted Answer

The proposition that "supply c

Question 19

According to neoclassical theory,an increase in the level of saving will cause the rate of interest to fall.

Accepted Answer

A) True 
 B)False

Question 20

According to the neoclassical economists,what two things could cause an increase in interest rates?

Accepted Answer

A decrease in the supply of lo

Explain why the supply of loanable funds is an upward sloping curve.(Why is there a graph here? It's not part of the question or answer. )

Explain the basis of the neoclassical economists argument that long-lasting recessions were impossible.

What is the difference between demand side policies and supply side policies?

Neoclassical economists believe that market economies can achieve full employment through self-adjustment.

What is a 'restraint program'?

According to neoclassical theory,the aggregate supply curve is horizontal at the prevailing price level.

Explain the argument for the development of the new forms of financial securities.

An inevitable result of recession is a budget deficit.Explain the reason a deficit occurs.

A major shift in perceptions about the role of government occurred during which of the following periods in history?

Explain why Canada had mainly budget deficits between 1970s and 1990s.

What was the conclusion of the 19^th century-neoclassical economists in regards to changing demand patterns and temporary shortages of specific goods?

Explain the link between the credit-rating of derivatives and the demand for traditional mortgages.

Define 'investment bank'

What degree of risk was assumed by each player in the market?

Create a graph illustrating labour unemployment.Explain how unemployment occurs. Unemployment is a result of the prevailing wage rate being above equilibrium.

Explain the development of innovations in the financial securities market that greatly increased investor interest in the housing market.

Define Say's Law.

According to neoclassical theory,an increase in the level of saving will cause the rate of interest to fall.

According to the neoclassical economists,what two things could cause an increase in interest rates?

The Economic Problem

Demand and Supply: an Introduction

Measuring the Economy 1: GDP and Economic Growth

Measuring the Economy 2: Unemployment and Inflation

Aggregate Demand and Supply

Aggregate Expenditures

Fiscal Policy

Money and Banking

The Money Market and Monetary Policy

International Trade

Exchange Rates and the Balance of Payments

Macroeconomic Policy Revisited

Filters

Exam 13: A Walk Through the Twentieth Century and Beyond

Explain why the supply of loanable funds is an upward sloping curve.(Why is there a graph here? It's not part of the question or answer. )

Explain the basis of the neoclassical economists argument that long-lasting recessions were impossible.

What is the difference between demand side policies and supply side policies?

Neoclassical economists believe that market economies can achieve full employment through self-adjustment.

What is a 'restraint program'?

According to neoclassical theory,the aggregate supply curve is horizontal at the prevailing price level.

Explain the argument for the development of the new forms of financial securities.

An inevitable result of recession is a budget deficit.Explain the reason a deficit occurs.

A major shift in perceptions about the role of government occurred during which of the following periods in history?

Explain why Canada had mainly budget deficits between 1970s and 1990s.

What was the conclusion of the 19th century-neoclassical economists in regards to changing demand patterns and temporary shortages of specific goods?

Explain the link between the credit-rating of derivatives and the demand for traditional mortgages.

Define 'investment bank'

What degree of risk was assumed by each player in the market?

Create a graph illustrating labour unemployment.Explain how unemployment occurs. Unemployment is a result of the prevailing wage rate being above equilibrium.

Explain the development of innovations in the financial securities market that greatly increased investor interest in the housing market.

Define Say's Law.

According to neoclassical theory,an increase in the level of saving will cause the rate of interest to fall.

According to the neoclassical economists,what two things could cause an increase in interest rates?

The Economic Problem

Demand and Supply: an Introduction

Measuring the Economy 1: GDP and Economic Growth

Measuring the Economy 2: Unemployment and Inflation

Aggregate Demand and Supply

Aggregate Expenditures

Fiscal Policy

Money and Banking

The Money Market and Monetary Policy

International Trade

Exchange Rates and the Balance of Payments

Macroeconomic Policy Revisited

Filters

What was the conclusion of the 19^th century-neoclassical economists in regards to changing demand patterns and temporary shortages of specific goods?