Suppose you read in the Wal Street Journal that, during the fourth quarter of 2020, the U.S. economy expanded at thefastest rate in two decades. It follows that one would expectin the unemployment rate and.in real GDPduring the fourth quarter of 2020.O a.a decrease; a decreaseO b. an'increase; an increaseO c.a decrease; an increaseO d. an increase; a decreaseNext page

Given: During the fourth quarter of 2020, the U.S. economy expanded at the fastest rate in two…

Answered: Suppose you read in the Wall Street…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Potential GDP is the level of aggregate output Select one: a. that can be sustained in the long run without inflation O b. that can be produced if structural unemployment is zero O c. that can be produced at a zero unemployment rate O d. that can be sustained in the long run, if the capacity utilization is below 100%
Moving along the aggregate supply curve, O A. technology advances. B. the quantity of capital used increases. OC. the real wage rate is constant. O D. only the price level changes. O E. the stock of human capital increases.
Potential GDP is O a. a measure of the short term fluctuations in real GDP. O b. another name for nominal GDP. O c. equal to the maximum amount of goods and services that can be produced at any given time. O d. the level of output produced when the economy is fully employed. O e. another name for real GDP.
Macroeconomic indicators can be categorized as "leading" or "lagging". Which one in the list below is not a lagging indicator? Select one: O O a. The Consumer Price Index b. Labor market statistics c. Commodity prices d. Retail Sales
15
Which of the following shifts in aggregate demand and short-run aggregate supply would cause an unambiguous increase in inflation? Select one: O a. A decrease in AD and an increase in SRAS O b. No change in AD and an increase in SRAS O c. An increase in AD and an increase in SRAS d. An increase in AD and a decrease in SRAS O e. A decrease in AD and a decrease in SRAS
D. that the value of output in the U.S. in 2014 was around $17.4 trillion. O E. that total income in the U.S. in 2014 was around $17.4 trillion. Cheryl graduated from college a month ago and is now without work. She accepted a job that will start next month. Today, Cheryl is Lütfen birini seçin: O A. employed. O B. in the labor force. O Ca discouraged worker. O D. a part time worker OE. not in the labor force UYGULAMAYI BİTİR
what is the correct answer?
The graph refers to a large increase in gasoline prices. Price Level P₂ P1 Which of the following is likely to result? O a rise in inflation Y2 Y1 O long run economic gains O short run economic gains O natural rate of unemployment remains constant AS AS AD Real National Income
Economists use the neoclassical growth model to explain fluctuations in the business cycle because can; the model shows how economic growth changes when the factors of production (capital, labour force and technology) change. O cannot; the model does not take into account technology changes. O cannot; the model only explains what determines the long term trends in output or output per labour. O can; as a long-run model, it captures business cycles over very long periods of time. O cannot; the model is more focused on government activity than private sector activity. O O
Please help with this practice question
When imports rise, net exports (We'll reuse this information in the next two questions.) rises; rises O rises; falls O falls; falls and aggregate demand falls; rises

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