Reference no: EM13800497
These graphs describe the competitive dynamic model.
Suppose that, in order to finance a government- sponsored health plan, the government needs to increase spending by 10%. The government plans to finance the higher spending with an increase in taxes.
1. Suppose that the change in aggregate demand (if any) is stronger than the change in the supply (if any). Then, this government policy generates
a) an increase in output and an increase in the interest rate
b) an increase in the output and a decrease in the interest rate
c) a decrease in output and an increase in the interest rate
d) a decrease in output and a decrease in interest rate
2. And it also generates:
a) an increase in employment and an increase in wages
b) an increase in employment and a decrease in wages
c) a decrease in employment and an increase in wages
d) a decrease in employment and a decrease in wages
3. Aggregate consumption and aggregate investment:
a) both increase
b) both decrease
c) do not change
d) consumption decreases but investment increases
4. This example illustrates that an increase in government spending
a) boosts private investment
b) crowds-out private consumption and private investment
c) decreases aggregate output
d) makes consumers in the economy better off
|
Determine the critical z-score for the normal distribution
: The degrees of freedom are used to determine the critical z-score for the normal distribution when calculating a confidence interval. The alternative hypothesis, denoted by H1, represents the opposite of the null hypothesis and is believed to be true..
|
|
Estimates the average age of cars sold for the first time
: AutoTrader.com would like to estimate the number of years owners keep the cars that they purchased as a new vehicle. The following data shows the age of seven vehicles that were sold for the first time by their owners. Using this sample, the 90% conf..
|
|
Examples of economic indicators
: Which of the following are examples of economic indicators? check all that apply. Which of the following statements regarding procyclical, countercyclical and leading economic indicators is corrects? check all that apply
|
|
Compare and contrast two events motivated by incentives
: Compare and contrast two events motivated by incentives, one where the self-interested behavior was good for society and the other where it was bad.
|
|
Order to finance a government-sponsored health plan
: These graphs describe the competitive dynamic model. Suppose that, in order to finance a government- sponsored health plan, the government needs to increase spending by 10%. The government plans to finance the higher spending with an increase in taxe..
|
|
Describe the competitive dynamic model
: Suppose that, in order to finance a government- sponsored health plan, the government needs to increase spending by 10%. The government plans to finance the higher spending with an increase in taxes. As a consequence of this government policy, the ag..
|
|
What is the equilibrium price and quantity-producer surplus
: Assume the demand for balloons is P=40-2Q. The supply is P=3Q. What is the equilibrium price and quantity? What is producer surplus? What is the consumer surplus?
|
|
What is the equilibrium price and quantity
: The demand for a good is P=200-5Q. The supply is P=50+10Q. What is the equilibrium price and quantity? (Make sure you show all your work)
|
|
How much producer surplus is created by this trade
: John advertises his used car for $5,000 in the newspaper. He would be willing to sell his car for as little as $4,000. Bill values the car at $4,800 but offers $4,500 for it and John accepts. How much producer surplus is created by this trade? How mu..
|