All of the following statements are generally true EXCEPT: OA. The rate of change in nominal wages is positively correlated with the rate of change in other money prices. OB. The rate of change in nominal wages is negatively correlated with the unemployment rate. OC. The output gap is negatively correlated with the inflation rate. OD. The unemployment rate is negatively correlated with the deviation of aggregate economic activity from trend. OE. The inflation rate is positively correlated with the deviation of aggregate economic activity from trend.

All of the following statements are generally true EXCEPT: OA. The rate of change in nominal wages is positively correlated with the rate of change in other money prices. OB. The rate of change in nominal wages is negatively correlated with the unemployment rate. OC. The output gap is negatively correlated with the inflation rate. OD. The unemployment rate is negatively correlated with the deviation of aggregate economic activity from trend. OE. The inflation rate is positively correlated with the deviation of aggregate economic activity from trend.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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answers for this multiple questions.( without question 3)
I. Suppose that the markup of goods prices over marginal cost is 3% and that the wage-setting (WS) equation is W = P(1 – u), where u is the unemployment rate. a. What is the real wage, as determined by the price-setting (PS) equation? b. What is the natural rate of unemployment? c. Suppose that the markup of prices over costs increases to 6%. What happens to the natural rate of unemployment? Explain the logic behind your answer.
EXPLAIN..... In the long run, the unemployment rate is determined by ____. the rate of cyclical unemployment the rates of frictional and structural unemployment the rate of structural unemployment the rate of frictional unemployment
The 2009 GDP totaled 12.8 trillion. There was a -2.4 % change from 2008's GDP of 13.2 trillion. The US experienced an inflation rate of 0%, and the unemployment rate reached 10.5%. Which phase of the business cycle was the US experiencing? Trough O Expansion O Recession O Peak O O O O
Plz solve both parts Give brief explanation Plz asap will definitely upvote
2. Explaining short-run economic fluctuations A majority of economists believe that in the long run, real economic variables and nominal economic variables behave independently of one another. For example, an increase in the money supply, a no long-run effect on the quantity of goods and services the economy can produce, a and nominal variables is known as variable, will cause the price level, a AL AXIS However, in the short run, most economists believe that real and nominal variables are intertwined. Economists use the model of aggregate demand and aggregate supply to examine the economy's short-run fluctuations around the long-run output level. The following graph shows an incomplete short-run aggregate demand (AD) and aggregate supply (AS) diagram-it needs appropriate labels for the axes and curves. In the questions that follow you will identify some of the missing labels. AS variable, to increase but will have variable. The distinction between real variables ?
Explaining short-run economic fluctuations
The CPI inflation rate from 1982 to 2002 is ________ and from 2002 to 2022 is ________. The difference in the rates of inflation is ________. A. 46.9 percent; 33.7 percent; -13.2 percentage points B. 46.9 percent; 33.7 percent; -28.1 percentage points C. 88.4 percent; 50.9 percent; -42.4 percentage points D. 88.4 percent; 50.9 percent; -37.5 percentage point
At a business cycle trough, cyclical unemployment is A. high; zero B. zero; low C. negative; positive D. positive; negative and at a business cycle peak, cyclical unemployment is
Question 23 The term natural in the phrase natural unemployment rate implies that the unemployment rate is as low as it can be when it is at the natural rate. that unemployment is at an ideal rate when it is at the natural rate. the unemployment rate that prevails when real GDP equals potential GDP. that the unemployment rate is at the highest rate it can be when it is at the natural rate. that the unemployment rate is at the rate it would be at if there were no minimum wage laws.
Negative supply shocks cause OA. falling unemployment. OB. expansion. OC. increases in GDP. OD. cost-push inflation.
When there is an inflationary gap, A. real output exceeds the natural level of output and unemployment is less than its natural rate B. real output exceeds the natural level of output and unemployment exceeds its natural rate. C. real output is less than the natural level of output and unemployment exceeds its natural rate. D. real output is less than the natural level of output and unemployment is less than its natural rate.