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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The short-run aggregate supply function plots A) total employment C) planned expenditures D) real GDP against the price level. 1). B) planned production

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The short-run aggregate supply function plots A) total employment C) planned expenditures D) real GDP against the price level. 1). B) planned production

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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AutoSave OF macro_assi... – Saved to my Mac Home Insert Draw Design Layout References > O Tell me 2 Share O Comments A- Paste Font Paragraph Styles Dictate Sensitivity Editor Type your answers in a separate sheet of paper and submit in class on the due date. Nov, 3 or! MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The short-run aggregate supply function plots A) total employment C) planned expenditures D) real GDP against the price level. 1) B) planned production 2) The aggregate demand curve usually A) slopes upward. B) is horizontal. C) is vertical. 2) D) slopes downward. 3) The sum of all planned expenditures for the entire economy is A) aggregate supply. C) actual expenditures by consumers. 3) B) effective demand. D) aggregate demand. 4) If we produce the same output with more labour hours then Productivity relates to A) working longer over time. C) working harder over time. 4) B) productivity is decreasing. D) productivity is increasing. 5) Economic growth 5) A) occurs when there are increases in real GDP. B) occurs when there are increases in nominal GDP. C) occurs when there are increases in per-capita GDP. D) is sustainable with the help of "green" initiatives. if we produce the same output with fewer labour hours. C) proportional 6) 6) Productivity is A) increasing B) decreasing D) not changing 7) 7) Economic growth will tend to be higher in a country that A) has an undeveloped system of property rights. B) does not grant patents to investors. C) has a low savings rate. D) has an open economy that encourages the rapid spread of technology. 8) Economic growth will be associated with a constant price level when A) the increase in aggregate demand is more than the increase in long-run aggregate supply. B) the increase in aggregate demand is accompanied by a reduction in short-run aggregate supply. 8) 120% A Focus Page 1 of 4 952 words MacBed
Transcribed Image Text:AutoSave OF macro_assi... – Saved to my Mac Home Insert Draw Design Layout References > O Tell me 2 Share O Comments A- Paste Font Paragraph Styles Dictate Sensitivity Editor Type your answers in a separate sheet of paper and submit in class on the due date. Nov, 3 or! MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The short-run aggregate supply function plots A) total employment C) planned expenditures D) real GDP against the price level. 1) B) planned production 2) The aggregate demand curve usually A) slopes upward. B) is horizontal. C) is vertical. 2) D) slopes downward. 3) The sum of all planned expenditures for the entire economy is A) aggregate supply. C) actual expenditures by consumers. 3) B) effective demand. D) aggregate demand. 4) If we produce the same output with more labour hours then Productivity relates to A) working longer over time. C) working harder over time. 4) B) productivity is decreasing. D) productivity is increasing. 5) Economic growth 5) A) occurs when there are increases in real GDP. B) occurs when there are increases in nominal GDP. C) occurs when there are increases in per-capita GDP. D) is sustainable with the help of "green" initiatives. if we produce the same output with fewer labour hours. C) proportional 6) 6) Productivity is A) increasing B) decreasing D) not changing 7) 7) Economic growth will tend to be higher in a country that A) has an undeveloped system of property rights. B) does not grant patents to investors. C) has a low savings rate. D) has an open economy that encourages the rapid spread of technology. 8) Economic growth will be associated with a constant price level when A) the increase in aggregate demand is more than the increase in long-run aggregate supply. B) the increase in aggregate demand is accompanied by a reduction in short-run aggregate supply. 8) 120% A Focus Page 1 of 4 952 words MacBed
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