Reference no: EM13752703
1. Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction? What happens to aggregate output and the price level in each case?
a. The price level changes
i. Which curve shifts?
ii. Which direction does it shift?
iii. What happens to aggregate output?
iv. What happens to the price level?
b. Consumer confidence declines
i. Which curve shifts?
ii. Which direction does it shift?
iii. What happens to aggregate output?
iv. What happens to the price level?
c. The supply of resources increases
i. Which curve shifts?
ii. Which direction does it shift?
iii. What happens to aggregate output?
iv. What happens to the price level?
d. The wage rate increases
i. Which curve shifts?
ii. Which direction does it shift?
iii. What happens to aggregate output?
iv. What happens to the price level?
2. Determine whether the following statements are true or false.
i. Some people who are officially unemployed are not in the labor force.
ii. Some people in the labor force are not working.
iii. Everyone who is not unemployed is in the labor force.
iv. Some people who are not working are not unemployed.
3. Refer to the following data on the U.S. consumer price index and answer the questions below.
Year CPI Year CPI Year CPI Year CPI
1988 118.3 1993 144.5 1998 163.0 2003 184.0
1989 124.0 1994 148.2 1999 166.6 2004 188.9
1990 130.7 1995 152.4 2000 172.2 2005 195.3
1991 136.2 1996 156.9 2001 177.1 2006 201.8
1992 140.3 1997 160.5 2002 179.9
a. Compute the inflation rate for each year 1989-2006.
b. Which years were years of inflation? What do you expect to happen to real interest rates during this time period if nominal rates remain unchanged?
c. In which years did deflation occur? What do you expect to happen to real interest rates during this time period if nominal rates remain unchanged?
d. In which years did disinflation occur?
4. What are some of the costs associated with anticipated inflation? Why do these differ from those associated with unanticipated inflation?
|
What is most archaeologists and paleoanthropologists believe
: What is Most archaeologists and paleoanthropologists believe? he remains of Homo sapiens have been found throughout.
|
|
Make a way foundation has run into a financial crisis
: The Make a Way Foundation has run into a financial crisis. Halfway into their fiscal year, the financier has realized that the company has not put enough money aside to cover all of their costs for the children's summer expense project.
|
|
Differences between unemployment and underemployment
: Discuss the differences between unemployment and underemployment and give examples of each. Which do you think is a more serious "problem" for the economy? How might underemployment be addressed through government policy?
|
|
Survey of area restaurants
: Based on an analysis of the last six months' sales, you boss notices that sales of beef products are declining in your chain's restaurants. As beef entree sales decline, so do profits.
|
|
What are some of costs associated with anticipated inflation
: What are some of the costs associated with anticipated inflation and why do these differ from those associated with unanticipated inflation - Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the ..
|
|
Develop the management-research hierarchy
: You have been approached by the editor of Gentlemen's Magazine to carry out a research study. The magazine has been unsuccessful in attracting shoe manufacturers as advertisers. When the sales force tried to secure advertising from show manufactur..
|
|
Assignment on ethnographic comparison
: Assignment On Ethnographic Comparison, Anthropologists are interested in framing broad hypotheses about human behavior. In order to do this, it is imperative to use examples from multiple cultures to ensure that their conclusions are not grounded i..
|
|
Assignment on naturalistic observations and evaluation
: Assignment On Naturalistic Observations and Evaluation, Conducting an ethnographic study is a fun way of gathering research about your social environment. You may have done an ethnography before without really being aware of it. In a small way, thi..
|
|
Location information for dui checkpoints
: let's consider location information for DUI checkpoints. If law enforcement agencies publish this information, is it okay to have law an app for drivers
|