The term ”full employment GDP” is identified with which of the following?

Inquiry 1 options:

a) 

 potential GDP

b) 

 Keynesian zone

c) 

 accumulation GDP

d) 

 macrofinancial equilibrium

Question 2 (1 point)

 Question 2 Unsaved

 Whether the economic climate is in a recession is depicted in the AD/AS model by just how cshed the _____________________ is to the potential GDP line.

You are watching: Why is productivity growth considered to be the most important factor in the ad/asad/as model?

Question 2 options:

a) 

 AS and ADVERTISEMENT curve

b) 

 equilibrium

c) 

 AD curve

d) 

 AS curve

Question 3 (1 point)

 Question 3 Unsaved

42. The __________________ in an AD/AS diagram is the majority of pertinent to Keynes’s Law.

Question 3 options:

a) 

 ADVERTISEMENT curve

b) 

 AS curve

c) 

steep percentage of the AS curve

d) 

 level percent of the AS curve

Concern 4 (1 point)

 Question 4 Unsaved

 Changes in the price level of the various components of accumulation demand also are reflected in the AD/ASAD/AS macrofinancial version by a ________________________.

Inquiry 4 options:

a) 

shorter distance to equilibrium point

b) 

much longer distance to equilibrium point

c) 

 flast height portion of AD curve

d) 

downward sloping ADVERTISEMENT curve

Inquiry 5 (1 point)

 Inquiry 5 Unsaved

 Why is productivity expansion thought about to be the a lot of vital aspect in the AD/ASAD/AS model?

Inquiry 5 options:

a) 

it shifts the AD curve in the short-term

b) 

it shifts the AS curve in the long-term

c) 

it shifts the AS curve in the short-term

d) 

 it shifts the AD curve in the long-term

Inquiry 6 (1 point)

 Concern 6 Unsaved

 _______________________ are economists that primarily emphadimension the prestige of accumulation supply in determining the size of the macroeconomic situation over the _____________.

Inquiry 6 options:

a) 

 Keynesian economists; lengthy run

b) 

 Neoclassical economists; short run

c) 

 Keynesian economists; short run

d) 

Neotimeless economists; lengthy run

Concern 7 (1 point)

 Question 7 Unsaved

 Potential GDP in the UNITED STATE will be unimpacted by ____________________.

Concern 7 options:

a) 

 the unemployment rate

b) 

 the amount of resources available

c) 

 federal government institutions

d) 

 technology

Inquiry 8 (1 point)

 Concern 8 Unsaved

 As the accumulation price level in an economy decreases,

Concern 8 options:

a) 

 interest rates decrease.

b) 

 imports decrease.

c) 

consumer demand also decreases.

d) 

investment decreases.

Inquiry 9 (1 point)

 Concern 9 Unsaved

The ____________ describes a situation wright here sufficient crmodify is obtainable, but the economy experiences a reduction in usage and also investment.  

Inquiry 9 options:

a) 

 interest price effect

b) 

inflation rate effect

c) 

price effect

d) 

 riches effect

Question 10 (1 point)

 Question 10 Unsaved

 The ____________________ in an AD/AS diagram is the majority of appropriate to Say’s Law.

Concern 10 options:

a) 

 steep percentage of the AS curve

b) 

 ADVERTISEMENT curve

c) 

 AS curve

d) 

 flat portion of the AS curve

a) 

a boost in economic growth

b) 

 a rise in input prices

c) 

 

less inflationary pressures

 

d) 

 a decrease in the natural unemployment rate

Concern 12 (1 point)

 Refer to the graph over. A federal government producing economic policy in these situations must be the majority of pertained to about: 

Inquiry 12 options:

joblessness yet not inflation.

 inflation yet not unemployment.

 inflation and joblessness.       

neither inflation nor joblessness.

Inquiry 13 (1 point)

 Concern 13 Unsaved

 The amount of all the revenue obtained for contributing sources to GDP is called ___________________.

Inquiry 13 options:

a) 

marginal income (X)

b) 

national revenue (Y)

c) 

nationwide income (Y)

d) 

 marginal revenue (X)

Concern 14 (1 point)

 Concern 14 Unsaved

 According to the Keynesian frame, ________________ in __________________ may reason inflation, however not a recession. 

Question 14 options:

a) 

 decrease; interest rates

b) 

 an increase; residential investment

c) 

  an increase; a significant trading partner's economy

d) 

 a decrease; a significant trading partner's export prices

Inquiry 15 (1 point)

 Concern 15 Unsaved

 

 If a Phillips curve shows that joblessness is high and also inflation is low in the economic climate, then that economy:

Inquiry 15 options:

a) 

 is creating at its potential GDP.

b) 

 is developing at its equilibrium allude.

c) 

 is developing at a suggest wbelow output is much less than potential GDP.

d) 

 is creating at a point wbelow output is even more than potential GDP.

Question 16 (1 point)

 Inquiry 16 Unsaved

 In a Keynesian cross diagram, what name is offered to the distance in between an output level that is listed below potential GDP and the level of potential GDP?

Question 16 options:

a) 

 national earnings (Y)

b) 

 expenditure-output

c) 

 inflationary gap

d) 

recessionary gap

Inquiry 17 (1 point)

 Question 17 Unsaved

Which of the following will reason the multiplier to be smaller and also cause transforms in investor confidence to have a smaller impact in an economy?

Inquiry 17 options:

a) 

 decreased trade

b) 

 bigger leakages

c) 

 increased trade

d) 

 smaller leakages

Concern 18 (1 point)

 Inquiry 18 Unsaved

Aggregate demand also is more most likely to _________________ than aggregate supply in the short run.

Concern 18 options:

a) 

 rise slightly

b) 

. decrease substantially

c) 

 change substantially

d) 

 reprimary unchanged

Inquiry 19 (1 point)

 Inquiry 19 Unsaved

 Keynesian business economics focuses on explaining why recessions and also depressions take place, and also giving a ______________________ for minimizing their results.

Inquiry 19 options:

a) 

 policy prescription

b) 

 collection of food selection costs

c) 

 pricing strategy

d) 

 macro-economic model

Question 20 (1 point)

 Question 20 Unsaved

 Which of the complying with is a separating characteristic of a Keynesian cross diagram?

Concern 20 options:

a) 

 45-degree line

b) 

 actual GDP on the horizontal axis

c) 

 a flat line

d) 

 a number of different Phillips curves

Concern 21 (1 point)

 Concern 21 Unsaved

35. Which of the complying with information would certainly be analyzed to recognize whether any type of change in the MPI has occurred over the course of the past 5 year period? 

Inquiry 21 options:

a) 

 interest rates

b) 

 exreadjust rates

c) 

MPS

d) 

 foreign income

Concern 22 (1 point)

 Question 22 Unsaved

 According to the _____________________ argument, a market-oriented economy has actually no obvious method to implement a plan of methodical wage reductions.

Concern 22 options:

a) 

 sticky wage

b) 

 sticky wage and price

c) 

 coordination

d) 

 Keynesian

Question 23 (1 point)

 Question 23 Unsaved

 Refer to the graph presented listed below.  At suggest B:

 

 

 

 

 

Concern 23 options:

a) 

economic growth it low or also negative.

b) 

unemployment is extremely low.

c) 

 output is broadening.

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d) 

 businesses might raise prices.

Question 24 (1 point)

 Inquiry 24 Unsaved

 

When the economic climate is in a recession, the federal government will certainly want to boost output. If the multiplier equates to 2.5 and also the government boosts spfinishing by 200, exactly how much will certainly output increase by?

Concern 24 options:

a) 

 500

b) 

 900

c) 

 100

d) 

 300

Inquiry 25 (1 point)

 Inquiry 25 Unsaved

 Suppose that out of the original 100 increase in government spfinishing, 33 will be recycled back right into purchases of domestically produced goods and also solutions in the second round and also 10.89 is spent in the third round. Following this multiplier effect, what value would be recycled in the fourth round of this cycle?