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Macroeconomic questions in pics

okmarks Window Help 412 iu.instructure.com interest: Dis.reative ideas Facebook - Lo. .n or Sign Up Time Sheet Calculator Kronos Workfo.. Centrai(R) Stu Suppose that from one year to the next real GDP went from 5,000 to 4,960. Part A. In 1939 Question 2 2.6 pts In a competitive market,if the current price is below the equilibrium price, then O none of the other options. there is a surplus. 0 there is no tendency for the price to change if from its current level. O there is a tendency for the price to decrease from its current level. ○ there is a tendency for the price to increase from its current level Question 3 2.6 pts er a competitive market in which the equilibrium determined by the intersection of Supply
Bookmarks Window Help aiu.instructure.com Indianapolis Netflix Pinterest: Dis...reative ideas Facebook-Lo...n or Sign Up Time Sheet Calculator Kronos Workfoe CentrallR e that from one year to the next real GDP went from 5,000 to 4,960. Supp Part A. In1 Question 6 2.6 pts Consider a typical supply and demand framework in which Demand and Supply have their usual slopes Suppose the market is initially in equilibrium at Pof. Qo on the graph above. If there were a decrease in supply, what would be the situation in the market if the price did not change? O Shortage O A tendency for the price to fall from its original level None of the other options. The market would be in equilibrium. Surplus. 24
History Window Help 을 h.instructure.com t Calculator Kronos Workfo... CentralR Student Loan One JU I RUPUI Indianapolis Netflax Pinterest: Dis reative ideas Facebock-Lon or Sign Up Time Shee real GDP went from 5,000 to Part A. In 1939 We O The market would be in equilibrium. O Surplus. Question 7 2.6 pts Consider a competitive market in which we can analyze the market using our standard demand and supply framework (ie, downward sloping demand, upward sloping supply, and the market price adjusts to keep the market in equilibrium). If the producers in this market all got an improvement in technology that lowered their marginal cost of producing any given level of output, then we would expect to see O an increase in demand (lrightward shift) O a decrease in demand (leftward shitt 0 no shift in either the supply curve or the demand curve. O a decrease in supply (leftward shift) O an increase in supply trightward shift Question 8 2.6 pts 名 F7 F8 F9
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istory entral(A) Studentl Netflax Pinterest: Dis.reative ideas Facebook-Lo .n or Sign Up Time Sheet Caleulator Kronos that O a rotation of the demand curve around the original price, quantity paint on it. 2.6 pts Question 9 An increase in the price of Post Frosted Mini Wheats (a substitute for Kellogg Frosted Mini Wheats) should O shift the Demand curve for Post Frosted Mini Wheats to the left O cause the Demand curve for Kellogg Frosted Mini Wheats to shift to the left. O shift the Demand curve for Post Frosted Mini Wheats to the right O cause the Demand curve for Kellogg Frosted Mini Wheats to shift to the right. O cause no shift in the Demand curve for Kellog8 Frosted Mini Wheats D Question 10 2.6 pts Suppose the demand and supply curves for a particular product are given below. D. P-160-20 S: P 40+Q 17 24 MacBoo
O P- 60,Q-50 Question 11 2.6 pt Suppose the demand curve for a product is given by the equation P 13-0.5Q. Which of the following statements is accurate? 0 The maximum willingness to pay for the 10th unit is $3. 0 If the price is $8, the quantity demanded is 9 units. 。lf the price is $6, the quantity demanded is 7 units. O The maximum willingness to pay for the 8th unit is $9 O None of the other options. ■ Question 12 2.6 pts Consider the market for baseball bats below (and assume it can be analyzed in our typical supply/demand framework) MacBook Air 名□ 川1 F9 ood a FS F6 F7 F8
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ookmarks Window Help 412 iu.instructure.com Netflix Pinterest: Dis.. reative ideas Facebook- Lo.n or Sign Up Time Sheet Calculator Kronos Workfo.. Central(R) Stuc Suppose that from one year to the next real GDP went from 5,000 to 4,960 Part A. In 19391 In 1932, we had real GDP of 788.2, and in 1933 we had real GDP of 778.3. Further, in 1932, the aggregate price level (as measured by the GDP deflator) was 7.55, and in 1933, the aggregate price level was 7.35. According to our aggregate supply/demand analysis, which of the following must have occurred over 1933 (relative to 1932)? Agg S Agg D O increase in Agg S O decrease in Agg D O no shifts could have occurred decrease in Agg S increase in Agg D Question 14 2.6 pts 24
Window Help a iu.instructure.com ndianapolis Netficx Pinterest: Dis..reative ideas Facebook- Lo.n or Sign Up Time Sheet Calculator Kronos Worldo... . Central(R) Suppose that from one year to the next real GDP went from 5,000 to 4960 Part A. In 11g Question 14 2.6 pts According to our Aggregate Supply/Demand analysis, if we started in full-employment equilibrium and then had an increase in aggregate demand, ceteris paribus, would cause which of the following in the short run)? Neither deflation nor inflation O Deflation and recession O Inflation and recession O Inflation and economic growth Deflation and economic growth Question 15 2.6 pts Suppose that from one year to the next real GDP went from 5,000 to 4,960. Suppose also that over that same time period, the aggregate price level (as measured by the GDP deflator) increased from 107.2 to 109.4. According to our aggregate supply/demand analysis, which of the following must have occurred this time period? 24 MacBook A
iu.instructure.com polis Netflix Pinterest: Dis..reative ideas Facebook-Lo.n or Sign Up Time Sheet Calculator Kronos Workfo.. Central(/R) Suppose that from one year to the next real GDP went from 5,000 to 4,960. Supp... Part A In 1 O Inflation and economic growth O Deflation and economic growth Question 15 2.6 pts Suppose that from one year to the next real GDP went from 5,000 to 4,960. Suppose also that over that same time period, the aggregate price level (as measured by the GDP deflator) increased from 107.2 to 109.4. According to our aggregate supply/demand analysis, which of the following must have occurred this time period? O decrease in Agg D O increase in Agg D. O no shifts could have occurred. O decrease in Agg S O increase in Agg S Question 16 1 pts I abided by all rules of this quiz. 17 24
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