which of the following would be a macroeconomic question? which of the following would be a macroeconomic question?

B) frictional unemployment equals zero. D) discretionary fiscal policy; conscious fiscal policy. Posted on February 28th, 2023 Last modified on February 28th, 2023 Comments. C) make economic ideas explicit and concrete for use by decision makers. D) What determines the salaries of college professors? What were the macroeconomic principles or models that influenced your decision making?] Which of the following is a positive economic statement? A) the supply curve shifted to the left resulting in an increase in the equilibrium price. Que10. C) increased income tax rates. B) explicit Solved which of the following is NOT a macroeconomic | Chegg.com Equity You are investigating the punctuality of the airlines in Asia. b. B) German GDP. If the United States lifts the embargo on Cuban products, what will happen in the U.S. market for Cuban cigars? What is the current national rate of unemployment? D) the Western Trade Union. . A) Tuan purchases a cappuccino at the student union. E. consumers and producers. Answering these four questions is essential for an economy to function properly. B. A) real GDP D) an increase in the working-age population. D) a student who borrows $10,000 at a nominal interest rate of 5% to finance educational expenses. C) a change in consumer income. The price of steel declined by 3% last year. A) there is a sustained increase in the price level. Choices made by people faced with scarcity b. C) productively efficient Macroeconomics | Economics Quiz - Quizizz Marco goes to the pet store to buy a dozen Koi fish for his new Koi pond. B) Delta buys a new European-made jetliner. B) GDP is not adjusted for pollution. there is a current account deficit. ECO 210 Ch.1 Flashcards | Quizlet a. b. d. A) an induced; an autonomous B. If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible. B) increase; less D. None of these choices are correct. A) a law making it illegal to work more than 35 hours per week B) total income in 2015 was around $17.3 trillion. b. C) any level of the two products that the economy produces is currently possible. You earn $35,000/year in your first job in 2016. Each point on a demand curve shows The substitution bias in the consumer price index refers to the idea that consumers ________ the quantity of products they buy in response to price, and the CPI does not reflect this and ________ the cost of the market basket Marco's consumer surplus from the purchase is &\textbf{Estimated}\hspace{10pt}&&\textbf{Estimated Quantity}\\ This change will______________ D) an increase in the labor force. d. sensitivity analysis. C) incorporates substitutions by consumers when prices of specific products rise rapidly. A decrease in input costs in the production of LCD televisions caused the price of LCD televisions to decrease. b. -3 Multiple Choice 1:10:18 Are oil companies ripping off consumers by charging exorbitantly high prices for gasoline? 1. C. Inefficient incentives. MACROECON CH 1 Flashcards | Quizlet . A) The federal government passes tax cuts to encourage firms to reduce air pollution. B. Undiscovered natural resources. A) employed The use of market signals and government directives to select economic outcomes. D. Keynesian Economics Questions and Answers - Study.com Technological advancements have led to lower prices and an increase in the sale of color laser printers. The 1994 agreement that eliminated most tariffs among the United States, Canada, and Mexico is known as C) clothing E) raise taxes by an amount more than $200 billion. Simple economies can be described in terms of three major economic flows. Government agencies. A. Macroeconomics is a branch of economics that deals with the structure, performance and behaviour of the overall economy. The nominal GDP of the U.S. in 2015 was approximately $17.3 trillion. C) decreases; increases c. Opportunity costs are zero Which of the following causes the unemployment rate to understate the true extent of joblessness? C) ensure safe imports. C) Japanese firms benefited from external economies. d. D. A rightward shift of the curve. D) 5%. An increase in ____________ C) less than 5 times as much as your grandfather in terms of real income. Which of the following is not a basic decision that all nations must confront? The third equation represents the investment function, where e and k are parameters. Expected inflation is 2.3% and actual inflation may be greater by 0.4%, calculate the impact on the S&P500 projected return ( How would the projected return change) Create a portfolio invested in Boaz Allan (BAH) and Five9 (FIVN) with the . The government should reduce the tax burden to help small business. B. C. marginal revenue A lassiez faire approach will reduce the level of pollution. D) a contractionary; an expansionary. (b) 81,54,36,81,54,36, \ldots81,54,36,. A) falls; Marla's work takes place in the underground economy once she's married D) about the same difficulty as with monetary policy. Should the government attempt to influence the interest rate to lower inflation? A) the nominal interest rate plus the inflation rate. According to the text, economists consider full employment to occur when D) do not change; underestimates. MACROECONOMICS FREE-RESPONSE QUESTIONS MACROECONOMICS Section II Total Time1 hour . B) the supply curve shifted to the left resulting in a decrease in the equilibrium price. In the first six months of 2003, branches of Commerce Bank in New York City were robbed 14 times. 1) Economic models do all of the following except A) answer economic questions. Macroeconomic Questions Flashcards | Quizlet B. marginal benefit equals the marginal cost. c. determine the objective. The following macroeconomic projected return models =. ________ and ________ are the largest sources of revenue collected by the federal government C. Decreasing opportunity costs will occur with greater automobile production. C) a change in the amounts of one good desired. Your grandfather tells you that he earned $7,000/year in his first job in 1961. c. functional costs. Is a normative analysis d. The unemployment rate, Does the "richest man in the world" face scarcity, or does scarcity only affect those with more limited incomes and lower net worth? A shift inward of the production possibilities curve. [Solved] The following table contains nominal and - SolutionInn Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. A) the price of sailboats increased and the demand for sailboats decreased." C) risen; risen Suppose real GDP is $12.6 trillion and potential GDP is $12.4 trillion. Which of the following is a macroeconomic question? Is way of analyzing decision-making processes caused by scarcity If the variables along the x-axis and y-axis move in opposite directions, there is a ________ relationship between the two variables. answer choices. B) The quantity of traditional camera film demanded decreases. Which field of economics deals primarily with the problems faced by low-income countries? Suppose that nominal GDP in 2016 was less than real GDP in 2016. C. Congress increased the minimum wage rate in January. B. a nation's poverty level increases faster than its population. b. C) changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives. Intervention in the economy by the government bureaucrats we do not see and over whom we have no control. C-Nomative A) he tax cut would increase consumption spending less than would a permanent tax cut. How were consumption and investment affected . (a). Economic growth. C. normative economics. B) relative abundance of labor and capital. D) simplify some aspect of economic life. C) gross domestic product of the United States. The tuition you pay A) The federal government buys a Humvee. President Obama has discussed raising income taxes for individuals earning over $250,000 in income. D) No, the recession will have no impact on my ability to get a job or my future income. D. some people live better than others do. B) vertical. D) a bridge purchased by the state government. Cadre Management for Indian Economic Services Maximum combinations of goods and services an economy can produce given its available resources and technology. B. Which of the following statements is false? Thus we can say that it is that part of economic theory which studies the economy in its totality or as a whole. A) increase; more Getting the timing right with fiscal policy is generally _______________ D) only change GDP if the development occurs within the borders of the United States. C) disposable personal income plus depreciation plus personal taxes. Productive efficiency A. Rational cost b. PDF AP Macroeconomics 2018 Free-Response Questions - College Board D. The government is allocating resources inefficiently. A devaluation of the U.S. dollar would increase exports from the United States The economy experiences government failure. Which of the following transactions represents the purchase of a final good? B) increases; decreases A) no Increasing the federal tax on gasoline would cause shipping costs in the United States to increase MULTIPLE CHOICE QUESTIONS TESTBANK - CHAPTER 3. b. A. why something will be producedwhat will be produced Step-by-step explanation. Bill Gates does not face scarcity because he is a billionaire The economic term for the costs associated with negotiating and enforcing a contract is a. opportunity costs. Question 1. d. It allows researcher to analyze the effect of all potential influences on a particular event, Which of the following is not listed in the book as a reason to study economics? E) States increase taxes to fund education. \text{Cleaning}&\text{{\hspace{10pt}240,000}}\hspace{10pt}&\text{Cleaning direct labor hours}&\text{100,000}\\ True 3Government fixes the floor and ceiling . Household income Which of the following is not a microeconomics topic? (Select all that Preparation and presentation of Budget for state governments under President's Rule 3. (b) the level of aggregate demand determines production, employment,. C. Technology is lost. C) the firm has an incentive to increase quantity supplied now and decrease quantity supplied in the future. B) the value of all cars produced by Ford in Mexico A) the value of the house in 2016 Profit opportunities are eliminated almost instantaneously B) there has been an upward movement along a demand curve. D. purchases; unlimited; The branch of economics which studies the behavior of entire economies is called A) average price levels of goods and services in the economy. Is not a very efficient means of communicating consumer demand to the producers of goods and services. [Identify the impact of your changes to the income and corporate tax rates. 1. Economics teaches how to limit our wants. Question 12. Macroeconomics Flashcards | Quizlet A. A) greater on the buyer when the tax is collected from the buyer. Please don't take his comments (a) personal, (b) personally. A) take away from GDP. Answer-Consider the following Statements. (i) As part of AtmaNirbhar 1 #7. C.. c. Falls victim to "post hoc, ergo propter hoc." B) Yes, the recession will lower income in my field permanently. D. What factors determine the price of electronic cigarettes? In addition to selling pet food and pet products, PetSmart also offers dog grooming services including baths, nail trimming, teeth brushing, and aromatherapy to reduce everyday stress, and nail polish and stickers. Works through central planning by government. A. D) upward sloping. D) Lily purchases a new massage table for use in her therapy center. The real rate of interest is ______________ B) higher; lower Ask an Expert. He faces scarcity because his resources are unlimited A) attainable Annes Newton - G00378073- ECON QUIZ 2. Which of the following is a government expenditure, but is not a government purchase? Expert Answer Option b deals with a microeconomi View the full answer Transcribed image text: Which of the following is NOT a macroeconomic question? Which of the following statements uses the concept of equity to argue against the legalization of casino gambling? For schedule, refer to the archive link given below. D) the payroll tax. C) decrease in demand; decrease in quantity demanded 60 seconds. C) discretionary monetary policy. A) lower government purchases by an amount less than $200 billion. D) allocatively efficient. Who, in a centrally planned economy, decides what goods and services will be produced with the scarce resources available in that economy? Which of the following correctly describes the relationship between economic efficiency and economic equity? It considers discouraged workers, and hence it is overstated. The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses. Raising the income tax decreases the amount of disposable income available to those households. If the nominal rate of interest is 6.5% and the inflation rate is 3.0%, what is the real rate of interest? A. D) the value of the services of the real estate agent, Which of the following goods is directly counted in GDP? C) the business cycle. Automatic stabilizers refer to D) real GDP in 2016 was greater than real GDP in the base year. B) GDP minus depreciation. ________ increases economic efficiency because it forces firms to produce and sell goods and services as long as the additional benefit to consumers is greater than the additional cost of production. A) Individual income taxes; corporate income taxes a. D. topics such as unemployment, inflation, and economic growth. A. Show more. A) everyone who wants a job has a job. B) 3%. Which of the following statements is not true? Consumption of cigarettes. Which of the following is a microeconomics question? If a minimum wage of $15 per hour is imposed, which of the following will occur? "A decrease in the number of manufacturers caused a decrease in the supply of sailboats. A) welfare benefits C) raise taxes by $200 billion. International economics. They are both automatically achieved in a free market economy. ECON303exam3chp8 Flashcards by Mengna Chen | Brainscape B) Their value is counted separately, and their value is also included as part of the value of the final good for which they are an input. C) The tax cut would increase consumption spending by the same amount as would a permanent tax cut. Have the most political power.