9. which of the following is a cost of inflation?
a) shoe leather costs
b) relative pr...
Business, 18.10.2019 07:00 christabell0303
9. which of the following is a cost of inflation?
a) shoe leather costs
b) relative price variability
c) menu costs
d) all of the above are correct
13. higher saving is associated with
a) higher standard of living but not a larger capital stock
b) larger capital stock and a higher standard of living
c) a larger capital stock bug not a higher standard of living
d) neither a higher standard of living nor a higher capital stock
14. in the aggregate demand and aggregate supply model, sticky wages, sticky prices, and misperceptions about relative prices
a) explain why the aggregate demand curve is downward sloping
b) have permanent effects
c) explain why the short run aggregate supply curve shifts over time
d) explain monetary neutrality
15. if the real exchange rate between the u. s. and argentina is 1, then
a) purchasing-power parity holds, and 1 u. s. dollar buys 1 argentinian bolivar
b) purchasing-power parity holds, and the amount of dollars needed to buy goods in the u. s. is the same as the amount needed to buy enough argentinian bolivars to buy the same goods in argentina.
c) purchasing-power partly does not hold, but 1 u. s. dollar buys 1 argentinean bolivar.
d) purchasing-power parity does not hold, but the amount of dollars needed to buy goods in the u. s. is the same as the amount needed to buy enough argentinean bolivars to buy the same goods in argentina.
16. suppose banks desire to hold no excess reserves and that the fed has set a reserve requirement of 6%. if you deposit $8,000 into the first raven bank,
a) first raven's assists and liabilities both will increase by $8,000
b) first raven's will be able to lend out $7,520
c) first raven's required reserves increase by $480
d) all of the above are correct
18. according to the theory of liquidity preference, a given increase in the money supply will reduce interest rates
a) by a smaller amount when interest rates are high than when they are low
b) an increase in the money supply won't reduce interest rates, it will increase them
c) by a smaller amount when interest rates are low than when they are high
d) by the same amount regardless of whether interest rates are high or low.
19. if, after a period when actual inflation has been 5% and expected inflation has been 5%, people correctly anticipate that inflation will fall by 1% then
a) the short-run phillips curve shifts left and unemployment is unchanged
b) the short-run phillips curve shifts right and unemployment rises
c) the short-run phillips curve would shift left and unemployment falls
d) the short-run phillips curve shifts right and unemployment is uncharged
21. the short-run phillips curve can be shifted by
a) supply shocks but not a change in inflation expectations
b) a change in inflation expectations but not supply shocks
c) neither a change in inflation expectations nor supply shocks
d) both a change in inflation expectations and supply shocks
22. which of the following policies would be advocated by someone who wants the government to follow an active stabilization policy when the economy is experiencing severe unemployment?
a) increase government expenditures
b) decrease the money supply
c) increase taxes
d) all of the above are correct
23. which of the following is an example of menu costs?
a) advertising new prices
b) deciding on and calculating new prices
c) printing new price lists
d) all of the above are examples of menu costs
24. when aggregate demand shifts rightward along the short-run aggregate-supply curve, inflation
a) increases and unemployment increases
b) decreases and unemployment increases
c) decreases and unemployment decreases
d) increases and unemployment decreases
25. when inflation rises, people will desire to hold
a) less money and will go to the bank more frequently
b) more money and will go to the bank less frequently
c) less money and will go to the bank less frequently
d) more money and will go to the bank more frequently
26. when the actual inflation rate is lower than the expected inflation rate
a) the unemployment rate is lower than the natural rate
b) the natural rate of unemployment rises
c) the natural rate of unemployment falls
d) the unemployment rate is higher than the natural rate
Answers: 1
Business, 21.06.2019 16:10, springlcp2nk7h
(4 points) suppose the production function in the solow model is given by yt = ak¯ 3/4 t l 1/4 t . (a) what are the five equations and five unknowns that summarize the solow model? (b) show the transition dynamics in the solow model if ¯sy0 < ¯dk0. make sure you label the axes, curves, initial level of capital and steady-state level of capital. (c) solve for capital, output, capital per person, and output per person in the steady state. (d) if a¯ = 2, l¯ = 4, ¯s = 0.2, and ¯d = 0.05, calculate the steady-state level of capital and output per person.
Answers: 3
Business, 22.06.2019 00:30, ummmmmmmmmmmm
What are six resources for you decide which type of business to start and how to start it?
Answers: 3
Business, 23.06.2019 21:00, zakwanasim123
Which guideline will keep a mission statement relevant even in changing times?
Answers: 3
Mathematics, 23.07.2019 18:00
Physics, 23.07.2019 18:00
Physics, 23.07.2019 18:00