A Rise In The Price Of Oil Imports Has
... 22. Open market operations refers to the federal reserve system: a. buying and selling government bonds. b. buying and selling used shoes. c. raising and lowering the discount rate. d. raising and lowering the required reserve ratio. 23. Prices for which of the of the following goods are included in ...
... 22. Open market operations refers to the federal reserve system: a. buying and selling government bonds. b. buying and selling used shoes. c. raising and lowering the discount rate. d. raising and lowering the required reserve ratio. 23. Prices for which of the of the following goods are included in ...
review sheet
... Rightward shift of long-run AS demonstrates economic growth, which is affected by new technology and improvements in worker productivity. -- Negative and Positive Demand and Supply Shocks Negative Supply Shock-- Stagflation—increases in both unemployment and inflation. In 1970’s caused by “supply s ...
... Rightward shift of long-run AS demonstrates economic growth, which is affected by new technology and improvements in worker productivity. -- Negative and Positive Demand and Supply Shocks Negative Supply Shock-- Stagflation—increases in both unemployment and inflation. In 1970’s caused by “supply s ...
2004 2005 Price Quantity Price Quantity Oranges DVD players Unit
... a. Firms produce more output than is socially desirable. b. The output produced by a typical firm is less than what would occur at the minimum point on its ATC curve. c. Due to product differentiation, firms choose output levels where P > ATC. d. Firms keep some surplus output on hand in case there ...
... a. Firms produce more output than is socially desirable. b. The output produced by a typical firm is less than what would occur at the minimum point on its ATC curve. c. Due to product differentiation, firms choose output levels where P > ATC. d. Firms keep some surplus output on hand in case there ...
ch29 - The University of Texas at Dallas
... washers and dryers, furniture, and landscaping are just a few things new home buyers might spend money on, so the economic "ripple effect" can be substantial especially when you think of it in terms of a hundred thousand new households around the country doing this every month. ...
... washers and dryers, furniture, and landscaping are just a few things new home buyers might spend money on, so the economic "ripple effect" can be substantial especially when you think of it in terms of a hundred thousand new households around the country doing this every month. ...
chapter 9 - Ken Farr (GCSU)
... a. declining real wages and interest rates that will stimulate employment and real output. b. rising interest rates that will stimulate aggregate demand and restore full employment. c. a budget surplus that will stimulate demand and, thereby, help restore full employment. d. rising real wages and re ...
... a. declining real wages and interest rates that will stimulate employment and real output. b. rising interest rates that will stimulate aggregate demand and restore full employment. c. a budget surplus that will stimulate demand and, thereby, help restore full employment. d. rising real wages and re ...
lecture notes chapter 16
... C. The extended model is then used to glean new insights on demand-pull and cost-push inflation. D. The relationship between inflation and unemployment is examined; we look at how expectations can affect the economy, and assess the effect of taxes on aggregate supply. Short-Run and Long-Run Aggregat ...
... C. The extended model is then used to glean new insights on demand-pull and cost-push inflation. D. The relationship between inflation and unemployment is examined; we look at how expectations can affect the economy, and assess the effect of taxes on aggregate supply. Short-Run and Long-Run Aggregat ...
mod 19 review
... Tackle the Test: Multiple-Choice Questions 1. Which of the following causes a negative supply shock? I. a technological advance II. increasing productivity III. an increase in oil prices a. I only b. II only c. III only d. I and III only e. I, II and III 2. Which of the following causes a positive d ...
... Tackle the Test: Multiple-Choice Questions 1. Which of the following causes a negative supply shock? I. a technological advance II. increasing productivity III. an increase in oil prices a. I only b. II only c. III only d. I and III only e. I, II and III 2. Which of the following causes a positive d ...
The Globalization of International Relations
... Example: invention more efficient production (computer industry), oil discovered More supplied because it (may be) cheaper to produce ...
... Example: invention more efficient production (computer industry), oil discovered More supplied because it (may be) cheaper to produce ...
The big ideas
... Good Institutions align Self-interest with the Social interest Trade-offs are Everywhere Thinking on the Margin Tampering with the Laws of Supply and Demand has Consequences The importance of wealth and economic growth Institutions matter Economic booms and busts cannot be avoided but can be moderat ...
... Good Institutions align Self-interest with the Social interest Trade-offs are Everywhere Thinking on the Margin Tampering with the Laws of Supply and Demand has Consequences The importance of wealth and economic growth Institutions matter Economic booms and busts cannot be avoided but can be moderat ...
MacCh05
... macroeconomics Deals with the economy as a whole. Macroeconomics focuses on the determinants of total national income, deals with aggregates such as aggregate consumption and investment, and looks at the overall level of prices instead of individual prices. aggregate behavior The behavior of all hou ...
... macroeconomics Deals with the economy as a whole. Macroeconomics focuses on the determinants of total national income, deals with aggregates such as aggregate consumption and investment, and looks at the overall level of prices instead of individual prices. aggregate behavior The behavior of all hou ...
Working with our basic Aggregate Demand / Supply Model
... • If temporary, resource prices fall in the future, shifting SRAS2 back to SRAS1, returning equilibrium to (A). • If permanent, the productive potential of the economy will shrink (LRAS shifts left and Y2 becomes YF2) and (B) will become the long-run equilibrium. ...
... • If temporary, resource prices fall in the future, shifting SRAS2 back to SRAS1, returning equilibrium to (A). • If permanent, the productive potential of the economy will shrink (LRAS shifts left and Y2 becomes YF2) and (B) will become the long-run equilibrium. ...
Principles of Economics, Case and Fair,9e
... determinants of total national income, deals with aggregates such as aggregate consumption and investment, and looks at the overall level of prices instead of individual prices. aggregate behavior The behavior of all households and firms together. sticky prices Prices that do not always adjust rapid ...
... determinants of total national income, deals with aggregates such as aggregate consumption and investment, and looks at the overall level of prices instead of individual prices. aggregate behavior The behavior of all households and firms together. sticky prices Prices that do not always adjust rapid ...
Inflation
... • Increase in prices raw material PRICING POWER INFLATION Occurs when ever businesses in general decide to boost their prices to increase their profit margins. STRUCTURALIST INFLATION The term applies whenever any of the other three factors hits a basic industry causing inflation there, and since th ...
... • Increase in prices raw material PRICING POWER INFLATION Occurs when ever businesses in general decide to boost their prices to increase their profit margins. STRUCTURALIST INFLATION The term applies whenever any of the other three factors hits a basic industry causing inflation there, and since th ...
Aggregate Demand
... Long Run vs. Short Run • Long Run: A period long enough for nominal wages and other input prices to change in response to a change in the nation’s price level. ...
... Long Run vs. Short Run • Long Run: A period long enough for nominal wages and other input prices to change in response to a change in the nation’s price level. ...
Review Questions Chapter 8
... deflator? Define GDP per capita. 2. Why do economists prefer real GDP as a measure of economic well being? 3. Why doesn’t GDP include the value of used goods that are resold? How has the increase of women in the workforce affect the GDP? 4. Why must an economy’s income equal its expenditure? ...
... deflator? Define GDP per capita. 2. Why do economists prefer real GDP as a measure of economic well being? 3. Why doesn’t GDP include the value of used goods that are resold? How has the increase of women in the workforce affect the GDP? 4. Why must an economy’s income equal its expenditure? ...
New Classical Macroeconomics - College of Business and Economics
... Ratex and ASH imply Y and L fluctuate randomly around YN and LN. ...
... Ratex and ASH imply Y and L fluctuate randomly around YN and LN. ...
MACROECONOMICS
... Timing and Unpredictability: Difficult to predict what the economy will do Political Pressure: Voters will remove elected officials if they feel the economy is not proceeding down a positive path Lack of Coordination: Government agencies cannot always work together quickly enough to get an economic ...
... Timing and Unpredictability: Difficult to predict what the economy will do Political Pressure: Voters will remove elected officials if they feel the economy is not proceeding down a positive path Lack of Coordination: Government agencies cannot always work together quickly enough to get an economic ...
eurozone inflation falls to 1.1%—so what?
... investments. Consider bonds or other investments, which pay a fixed cash amount from the return. If an investment provides the same cash flow each year and prices are ...
... investments. Consider bonds or other investments, which pay a fixed cash amount from the return. If an investment provides the same cash flow each year and prices are ...
Short-run aggregate supply curve
... • They monitor the prices of their own goods but not the prices of all goods they consume • Due to imperfect information, they sometimes confuse changes in the overall price level with changes in relative prices • This confusion influences decisions about how much to supply, and it leads to a positi ...
... • They monitor the prices of their own goods but not the prices of all goods they consume • Due to imperfect information, they sometimes confuse changes in the overall price level with changes in relative prices • This confusion influences decisions about how much to supply, and it leads to a positi ...
FBLA Economics
... industries by the level of profits. 8) One example of the free rider problem is the person who rides the bus without paying full fare. 9) One opportunity cost of a cleaner environment is more expensive goods and services. 10) Borrowing from a bank increases the supply of money by increasing demand d ...
... industries by the level of profits. 8) One example of the free rider problem is the person who rides the bus without paying full fare. 9) One opportunity cost of a cleaner environment is more expensive goods and services. 10) Borrowing from a bank increases the supply of money by increasing demand d ...
BELL QUIZ: USE PAGES 464-483 What nickname was given to the
... • Key basic industries like railroads, textiles, and steel had barely made a profit during the 1920’s (post WWI). • Many industries overproduced goods and had a large supply to get rid of=lost $ on production. • Railroads were losing out to new forms of transportation (trucks, buses, and automobiles ...
... • Key basic industries like railroads, textiles, and steel had barely made a profit during the 1920’s (post WWI). • Many industries overproduced goods and had a large supply to get rid of=lost $ on production. • Railroads were losing out to new forms of transportation (trucks, buses, and automobiles ...