12.One Chinese Yuan trades for approximately .11 Euros. Your recent trip took youfrom France to Beijing. You brought with you 1000 Euros. When you traded yourEuros for Yuan at the Beijing airport, approximately how much Yuan did youreceive?Answer questions 20 and 21 based on this statement: Assume that in their provincialbudget, the NDP government has decided that it would be best to increase the tax rateson income earned by small to medium sized businesses as a means of offsetting someAnswer questions 17, 18, and 19 based on this graph below.AEof the rising costs of running the Alberta government during this time of lower oil prices1100and provincial revenues.a. 9,091 yuanb. 7,938 yuanc. 554 yuand. 2,550 yuane. I sill have no ideaAE = C + lg90020. Which curve will be affected by the increased tax rates, and how will that curve800be affected?700600a. AD will shift to the rightb. AD will shift to the leftc. AS will shift to the rightd. AS will shift to the left50013.The rise in Canadian incomes has led to a rise in the demand by Canadianconsumers for foreign products (imports). Which curve will be impacted and300how?100AD will shift to the rightAD will shift to the leftа.21.What will be the impact on Alberta's real GDP?b.200 400 500 700 900 1100GDP = YAS will shift to the rightAlberta's real GDP will increase.b. Alberta's real GDP should remain relatively constant.c. Alberta's real GDP will decrease.С.a.d.AS will shift to the left14.If interest rates in Canada decreased, we would expect to see our exchange rate17.Based on the previous diagram, if full employment GDP is $500, what type ofIncrease22.If inflation increases in Canada, will the Canadian exchange rate, relative to theа.gap exists and how large is it?b.American currency, appreciate, depreciate, or remain constant?DecreaseNeither increase nor decreasea. An inflationary gap of $100b. An inflationary gap of $200c. A recessionary gap of $200d. A recessionary gap of $100С.a. Appreciateb. Depreciatec. Remain constantd.Rise quickly initially, level off, then begin to decrease over a long period oftime.15.If consumers feel wealthier because prices have decreased, what effect will thishave on the Aggregate Demand curve?18.Based on the previous diagram, what is the size of the multiplier?The marginal propensity to consume is the numerical value of theof the consumption curve.Y-interceptEquation of lineX-interceptSlope23.a. A movement up the AD curveb. The AD curve will shift to the leftc. The AD curve will shift to the rightd. A movement down the AD curveа. 2b. 4c. 100d. 200а.b.C.d.16.Given the equations C = 10 + .5Y and Ig = 30, which of the following is the best19.Based on the previous diagram, to eliminate the gap, Aggregate Expendituresmust increase or decrease and by what dollar amount?24.If our full employment level of output (Yf) was $785 and our equilibrium level ofoutput (Ye) was $900, the economy would be experiencinga. A period of unemploymentb. the prospects of lower taxesc. Inflationd. deflationanswer?The MPC is .5 and the equilibrium level of income is $80The MPS is .5 and autonomous expenditure is $40Autonomous consumption is $10 and equilibrium income is $80All of the abovea.a. Increase by $100b. Increase by $200c. Decrease by $100d. Decrease by $200b.С.d.

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One Chinese Yuan trades for approximately .11 Euros. Your recent trip took you from France to Beijing. You brought with you 1000 Euros. When you traded your Euros for Yuan at the Beijing airport, approximately how much Yuan did you receive? a. 9,091 yuan b. 7,938 yuan C. 554 yuan d. 2,550 yuan e. I stil have no idea

One Chinese Yuan trades for approximately .11 Euros. Your recent trip took you from France to Beijing. You brought with you 1000 Euros. When you traded your Euros for Yuan at the Beijing airport, approximately how much Yuan did you receive? a. 9,091 yuan b. 7,938 yuan C. 554 yuan d. 2,550 yuan e. I stil have no idea

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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