logo

Crowdly

Browser

Add to Chrome

ECON-1012-B-Introduction to Macroeconomics

Looking for ECON-1012-B-Introduction to Macroeconomics test answers and solutions? Browse our comprehensive collection of verified answers for ECON-1012-B-Introduction to Macroeconomics at moodle.uleth.ca.

Get instant access to accurate answers and detailed explanations for your course questions. Our community-driven platform helps students succeed!

Short Description: A line graph of price level versus real G D P. Long Description: The vertical axis is labelled, price level (G D P deflator) and ranges from 100 to 140 in increments of 10 with a kink near the bottom. The horizontal axis is labelled, real G D P (billions of 20 12 dollars) and ranges from 0 to 500 in increments of 100. The line for S A S slopes upward passing through the point (400, 110). The line for A D slopes downward passing through the point (400, 110) intersecting the line for S A S at this point. The line for L A S is a vertical line from 350 on the horizontal line intersecting the line for A D and S A S left to their point of intersection.

Figure 14.3.3

Refer to Figure 14.3.3, which shows an economy in which potential GDP is $350 billion. To return the economy to full employment, which of the following actions does the central bank take?

The central bank ________ the overnight rate target and ________ government securities.
0%
0%
0%
0%
100%
View this question
When the Bank of Canada lowers the overnight rate to fight recession, which of the following events occur?

The supply of loanable funds
0%
0%
0%
0%
0%
View this question
If the overnight rate is above target, which of the following actions does the Bank of Canada take?
100%
0%
0%
0%
0%
View this question
Which of the following statements correctly describes an anti-inflationary monetary policy?
0%
0%
0%
0%
0%
View this question
The figure includes 4 graphs. On each graph, the horizontal axis represents real money in 2012 dollars and t The vertical axis represents the interest rate in percent per year. Graph a shows a vertical line labelled MS. A downward-sloping line that intersects MS is labelled MD0. A downward-sloping line that intersects MS and lies to the right of MD0 is labelled MD1. A rightward arrow lies between MD0 and MD1. Graph b shows a vertical line labelled MS. A downward-sloping line that intersects MS is labelled MD0. A downward-sloping line that intersects MS and lies to the left of MD0 is labelled MD1. A leftward arrow lies between MD0 and MD1. Graph c shows a downward-sloping line labelled MD. A vertical line that intersects MD is labelled MS0. A vertical line that lies to the right of MS0 is labelled MS1. A rightward arrow lies between MS0 and MS1. Graph d shows a downward-sloping line labelled MD. A vertical line that intersects MD is labelled MS0. A vertical line that lies to the left of MS0 is labelled MS1. A leftward arrow lies between MS0 and MS1.

Figure 14.3.1

Refer to Figure 14.3.1, which shows the money market. Everything else remaining the same, which graph best illustrates the effect of the Bank of Canada lowering the overnight rate?
0%
0%
0%
0%
0%
View this question
If the Bank of Canada lowers the overnight loans rate, which of the following events occur?

In the money market, the short-term interest rate ________ while in the Treasury bond market, the Treasury bill rate ________.
0%
0%
0%
100%
0%
View this question
How does the Bank of Canada make its monetary policy decisions?

The Governing Council ________ to set its policy instruments.
0%
0%
0%
100%
0%
View this question
If the Bank of Canada lowers the overnight rate target, which of the following events occur?
0%
100%
0%
0%
0%
View this question

Fact 14.1.1 

Inflation Control Target Renewal

Every five years, the Bank of Canada and the Government of Canada review and renew our agreement on Canada's monetary policy framework. In 2021, we renewed Canada's flexible inflation-targeting framework for 2022 to 2026.

Source: www.bankofcanada.ca

Refer to Fact 14.1.1. In the inflation control agreement, the Government of Canada and the Bank of Canada agree to all of the following statements except which one?
❌
❌
❌
✅
❌
View this question
What defines the upper limit of the Bank of Canada's operating band?
❌
❌
❌
❌
✅
View this question

Want instant access to all verified answers on moodle.uleth.ca?

Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!

Browser

Add to Chrome

TelegramInstagramTikTokQuestion Bank
Terms of UseContact Us