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!

Before the covid pandemic, the Bank of Canada used the corridor system. If the target overnight rate is 0.50 percent, what was the range of the operating band?
100%
0%
0%
0%
0%
View this question

Short Description: A set of four graph of price level versus real G D P. Long Description: The vertical axis of each graph is labelled, price level and the horizontal axis is labelled, real G D P. The graph are as follows.(a) The line for S A S slopes upward from the lower left corner to the upper right corner. The line for A D slopes downward from the upper left corner to the lower right corner, intersecting the lines for S A S. The line for L A S is a vertical line from a point on the horizontal axis. The line intersect the lines for S A S and A D right to their point of intersection.(b) The line for S A S slopes upward from the lower left corner to the upper right corner. The line for A D slopes downward from the upper left corner to the lower right corner, intersecting the lines for S A S. The line for L A S is a vertical line from a point on the horizontal axis. The line intersect the lines for S A S and A D at their point of intersection. (c) The line for S A S slopes upward from the lower left corner to the upper right corner. The line for A D slopes downward from the upper left corner to the lower right corner, intersecting the lines for S A S. The line for L A S is a vertical line from a point on the horizontal axis. The line intersect the lines for S A S and A D left to their point of intersection.(d) The line for S A S slopes upward from the lower left corner to the upper right corner. The line for A D slopes downward from the upper left corner to the lower right corner, intersecting the lines for S A S. The line for L A S is a vertical line from a point on the horizontal axis. The line intersect the lines for S A S and A D left to their point of intersection.

Figure 10.3.3

Refer to Figure 10.3.3, which shows the AS-AD model in which an economy is in four possible short-run macroeconomic equilibrium. In which of the graphs would we predict that eventually the price level will fall and real GDP will decrease, everything else remaining the same?
0%
0%
0%
0%
0%
View this question
What is a recessionary gap?

The amount by which
0%
0%
0%
0%
0%
View this question

Table 10.3.1

The three columns of the table are titled Price level (2012 = 100), and real GDP demanded and real GDP supplied in billions of 2012 dollars. The rows display the data as follows: 100; 800; 300110; 700; 400120; 600; 500130; 500; 600140; 400; 700

Refer to Table 10.3.1, which shows the aggregate demand and aggregate supply schedules. If potential GDP is $600 billion, which of the following outcomes describes this economy?
0%
100%
0%
0%
0%
View this question
Which of the following statements about the wealth effect is correct?

If the price level rises, real wealth
0%
0%
0%
0%
0%
View this question

Short Description: A graph of price level versus real G D P. Long Description: The vertical axis is labelled, price level (G D P deflator, 20 12 = 100) and ranges from 60 to 110 in increments of 10 with a kink near the origin. The horizontal axis is labelled, real G D P (billions of 20 12 dollars) and ranges from 320 to 520 in increments of 40 with a kink near the origin. The line for S A S slopes upward from the lower left corner to the upper right corner passing through the points (340, 70) and (400, 85). The line for A D slopes downward from the upper left corner to the lower right corner, passing through the points (360, 100), (400, 85), and (440, 70). The line for L A S is a vertical line from the point (440, 0) on the horizontal axis passing through the point (440, 70).

Figure 10.3.1

Refer to Figure 10.3.1, which shows the AS-AD model in which an economy is in short-run macroeconomic equilibrium. When this economy automatically adjusts to long-run equilibrium, which of the following situations occur?
0%
0%
0%
0%
0%
View this question
Which of the following events occur when the money wage rate rises?
50%
0%
0%
❌
0%
View this question
Which of the following events will increase aggregate demand?
0%
0%
0%
0%
0%
View this question
In which of the following situations is an economy at full-employment equilibrium?
❌
✅
❌
❌
❌
View this question
An economy's price level rises and real GDP increases. Which of the following events is a possible source of the changes?
0%
0%
0%
0%
0%
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