The term ”full employment GDP” is identified with which of the following?
Inquiry 1 options:
Question 2 (1 point)
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:
AS and ADVERTISEMENT curve
Question 3 (1 point)
42. The __________________ in an AD/AS diagram is the majority of pertinent to Keynes’s Law.
Question 3 options:
steep percentage of the AS curve
level percent of the AS curve
Concern 4 (1 point)
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:
shorter distance to equilibrium point
much longer distance to equilibrium point
flast height portion of AD curve
downward sloping ADVERTISEMENT curve
Inquiry 5 (1 point)
Why is productivity expansion thought about to be the a lot of vital aspect in the AD/ASAD/AS model?
Inquiry 5 options:
it shifts the AD curve in the short-term
it shifts the AS curve in the long-term
it shifts the AS curve in the short-term
it shifts the AD curve in the long-term
Inquiry 6 (1 point)
_______________________ are economists that primarily emphadimension the prestige of accumulation supply in determining the size of the macroeconomic situation over the _____________.
Inquiry 6 options:
Keynesian economists; lengthy run
Neoclassical economists; short run
Keynesian economists; short run
Neotimeless economists; lengthy run
Concern 7 (1 point)
Potential GDP in the UNITED STATE will be unimpacted by ____________________.
Concern 7 options:
the unemployment rate
the amount of resources available
federal government institutions
Inquiry 8 (1 point)
As the accumulation price level in an economy decreases,
Concern 8 options:
interest rates decrease.
consumer demand also decreases.
Inquiry 9 (1 point)
The ____________ describes a situation wright here sufficient crmodify is obtainable, but the economy experiences a reduction in usage and also investment.
Inquiry 9 options:
interest price effect
inflation rate effect
Question 10 (1 point)
The ____________________ in an AD/AS diagram is the majority of appropriate to Say’s Law.
Concern 10 options:
steep percentage of the AS curve
flat portion of the AS curve
a boost in economic growth
a rise in input prices
less inflationary pressures
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)
The amount of all the revenue obtained for contributing sources to GDP is called ___________________.
Inquiry 13 options:
marginal income (X)
national revenue (Y)
nationwide income (Y)
marginal revenue (X)
Concern 14 (1 point)
According to the Keynesian frame, ________________ in __________________ may reason inflation, however not a recession.
Question 14 options:
decrease; interest rates
an increase; residential investment
an increase; a significant trading partner's economy
a decrease; a significant trading partner's export prices
Inquiry 15 (1 point)
If a Phillips curve shows that joblessness is high and also inflation is low in the economic climate, then that economy:
Inquiry 15 options:
is creating at its potential GDP.
is developing at its equilibrium allude.
is developing at a suggest wbelow output is much less than potential GDP.
is creating at a point wbelow output is even more than potential GDP.
Question 16 (1 point)
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:
national earnings (Y)
Inquiry 17 (1 point)
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:
Concern 18 (1 point)
Aggregate demand also is more most likely to _________________ than aggregate supply in the short run.
Concern 18 options:
. decrease substantially
Inquiry 19 (1 point)
Keynesian business economics focuses on explaining why recessions and also depressions take place, and also giving a ______________________ for minimizing their results.
Inquiry 19 options:
collection of food selection costs
Question 20 (1 point)
Which of the complying with is a separating characteristic of a Keynesian cross diagram?
Concern 20 options:
actual GDP on the horizontal axis
a flat line
a number of different Phillips curves
Concern 21 (1 point)
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:
Concern 22 (1 point)
According to the _____________________ argument, a market-oriented economy has actually no obvious method to implement a plan of methodical wage reductions.
Concern 22 options:
sticky wage and price
Question 23 (1 point)
Refer to the graph presented listed below. At suggest B:
Concern 23 options:
economic growth it low or also negative.
unemployment is extremely low.
output is broadening.
businesses might raise prices.
Question 24 (1 point)
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:
Inquiry 25 (1 point)
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?