Chap011
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Chap011

Subject: ECON

Course: 1

School: Plano East Sr H S

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ing change in productivity. What is the new per unit cost of production? In what direction did the $1 increase in input price push the aggregate supply curve? What effect would this shift in aggregate supply have upon the price level and the level of real output? d. Suppose that the increase in input price does not occur but instead that productivity increases by 100 percent. What would be the new per unit cost of...

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change ing in productivity. What is the new per unit cost of production? In what direction did the $1 increase in input price push the aggregate supply curve? What effect would this shift in aggregate supply have upon the price level and the level of real output? d. Suppose that the increase in input price does not occur but instead that productivity increases by 100 percent. What would be the new per unit cost of production? What effect would this change in per unit production cost have on the aggregate supply curve? What effect would this shift in aggregate supply have on the price level and the level of real output? Input quantity Real domestic output 150.0 112.5 75.0 400 300 200 (a) Productivity = 2.67( = 300 / 112.5) . (b) Pre - unit cost of production = $.75( = $2 112.5 / 300) . (c) New per unit production cost = $1.13. The AS curve would shift leftward. The price level would rise and real output would decrease. (d) New per unit cost of production = $0.375( = $2 112.5 / 600 ). AS curve shifts to the right; price level declines and real output increases. 148 Aggregate Demand and Aggregate Supply 11.6 Distinguish between the real-balances effect and the wealth effect, as the terms are used in this chapter. How does each relate to the aggregate demand curve? The real balances effect refers to the impact of price level on the purchasing power of asset balances. If prices decline, the purchasing power of assets will rise, so spending at each income level should rise because assets peoples are more valuable. The reverse outcome would occur at higher price levels. The real balances effect is one explanation of the inverse relationship between price level and quantity of expenditures. The wealth effect assumes the price level is constant, but a change in consumer wealth causes a shift in consumer spending; the aggregate expenditures curve will shift right. For example, the value of stock market shares may rise and cause people to feel wealthier and spend more. A stock decline can cause a decline in consumer spending. 11-7 (Key Question) What effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on the equilibrium price level and level of real output. Assume that all other things remain constant. a. A widespread fear of depression on the part of consumers. b. A large purchase of U.S. wheat by Russia. c. A $1 increase in the excise tax on cigarettes. d. A reduction in interest rates at each price level. e. A major cut in Federal spending for health care. f. The expectation of a rapid rise in the price level. g. The complete disintegration of OPEC, causing oil prices to fall by one-half. h. A 10 percent reduction in personal income tax rates. i. An increase in labor productivity. j. A 12 percent increase in nominal wages. k. Depreciation in the international value of the dollar. l. A sharp decline in the national incomes of our western European trading par

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Washington - ECON - 443
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Plano East Sr H S - ART HISTOR - 1
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Deficit, Surpluses and the Public DebtCHAPTER EIGHTEENDEFICIT, SURPLUSES AND THE PUBLIC DEBTCHAPTER OVERVIEWThree interrelated topics of national concernFederal budget deficits, surpluses and the public debtare the focus of this chapter. It begins by
Plano East Sr H S - ECON - 1
Demand and Supply: Elasticities and ApplicationsCHAPTER TWENTYDEMAND AND SUPPLY:ELASTICITIES AND GOVERNMENT-SET PRICESCHAPTER OVERVIEWThis chapter is the first of the chapters in Part Five, Microeconomics of Product Markets. Studentswill benefit by
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Consumer Behavior and Utility MaximizationCHAPTER TWENTY-ONECONSUMER BEHAVIORAND UTILITY MAXIMIZATIONCHAPTER OVERVIEWThis chapter may be omitted without damaging the continuity or understanding of the material inensuing chapters. Those instructors w
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Disputes in Macro Theory and PolicyCHAPTER NINETEENDISPUTES OVER MACRO THEORY AND POLICYCHAPTER OVERVIEWOne of the great traditions in scholarship is the challenge to mainstream thinking. Many suchchallenges to the conventional wisdom fail; either th
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Building the Aggregate Expenditures ModelCHAPTER NINEBUILDING THE AGGREGATE EXPENDITURES MODELCHAPTER OVERVIEWThe central purpose of this chapter is to introduce the basic analytical tools that will help us organizeour thinking about macroeconomic th
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Technology, R&D, and EfficiencyCHAPTER TWENTY-SIXTECHNOLOGY, R&D, AND EFFICIENCYCHAPTER OVERVIEWThis chapter introduces students to the importance of technical advances, R&D decisions, andinnovation and brings these topics directly into the core micr
Plano East Sr H S - ECON - 1
The Cost of ProductionCHAPTER TWENTY-TWOTHE COST OF PRODUCTIONCHAPTER OVERVIEWThis chapter develops a number of crucial cost concepts that will be employed in the succeeding threechapters to analyze the four basic market models. A firms implicit and
Plano East Sr H S - ECON - 1
Pure CompetitionCHAPTER TWENTY-THREEPURE COMPETITIONCHAPTER OVERVIEWThis chapter is the first of three closely related chapters analyzing the four basic market modelspurecompetition, pure monopoly, monopolistic competition, and oligopoly. Here the ma
Plano East Sr H S - ECON - 1
Pure MonopolyCHAPTER TWENTY-FOURPURE MONOPOLYCHAPTER OVERVIEWThis chapter is divided into six basic sections: the characteristics of pure monopoly; the barriers to entrythat create and protect monopolies; price and output determination under monopoly
Plano East Sr H S - ECON - 1
Monopolistic Competition and OligopolyCHAPTER TWENTY-FIVEMONOPOLISTIC COMPETITION AND OLIGOPOLYCHAPTER OVERVIEWPure competition and pure monopoly are the exceptions, not the rule, in the U.S. economy. In thischapter, the two market structures that fa
Plano East Sr H S - ECON - 1
The Demand for ResourcesCHAPTER TWENTY-SEVENTHE DEMAND FOR RESOURCESCHAPTER OVERVIEWThis chapter and the next two chapters survey resource pricing. The basic analytical tools involved inthis survey are the demand and supply concepts of earlier chapte
Plano East Sr H S - ECON - 1
Rent, Interest, and ProfitsCHAPTER TWENTY-NINERENT, INTEREST, AND PROFITSCHAPTER OVERVIEWIn the preceding chapter, wages were accorded a lengthy discussion. In contrast, the discussions of theincome sharesrent, interest, and profitsfound in the prese
Plano East Sr H S - ECON - 1
Government and Market Failure: Public Goods, the Environment, and InformationCHAPTER THIRTYGOVERNMENT AND MARKET FAILURECHAPTER OVERVIEWChapter 5 covered the economic functions of government, some facts about government expenditures andtaxes, and the
Plano East Sr H S - ECON - 1
Antitrust Policy and RegulationCHAPTER THIRTY-TWOANTITRUST POLICY AND REGULATIONCHAPTER OVERVIEWAntitrust laws, their major impact, and issues surrounding their enforcement, are presented in thechapter. Natural monopolies and their regulation are dis
Plano East Sr H S - ECON - 1
Public Choice Theory and TaxationCHAPTER THIRTY-ONEPUBLIC CHOICE THEORY AND TAXATIONCHAPTER OVERVIEWThis chapter includes a study of public choice theory, an economic analysis of government decisionmaking, and selected topics related to public expend
Plano East Sr H S - ECON - 1
Agriculture: Economics and PolicyCHAPTER THIRTY-THREEAGRICULTURE: ECONOMICS AND POLICYCHAPTER OVERVIEWThis chapter represents a case study of agriculture, one of the most important sectors of the U.S.economy. The long- standing, low- income farm prob
Plano East Sr H S - ECON - 1
Wage DeterminationCHAPTER TWENTY-EIGHTWAGE DETERMINATIONCHAPTER OVERVIEWBuilding on the resource demand analysis of the previous chapter, this chapter provides a detailedsupply and demand analysis of wage determination in a variety of possible labor
Plano East Sr H S - ECON - 1
The Economics of Health CareCHAPTER THIRTY-SIXTHE ECONOMICS OF HEALTH CARECHAPTER OVERVIEWThis chapter addresses one of the most prominent economic and political issues of our time. Providinghealth care is an economic issue, and the American publics
Plano East Sr H S - ECON - 1
Labor Market Issues: Unionism, Discrimination, and ImmigrationCHAPTER THIRTY-FIVELABOR MARKET ISSUES:UNIONISM, DISCRIMINATION,AND IMMIGRATIONCHAPTER OVERVIEWThis chapter focuses on three important labor market issues: unionism, discrimination, and i
Plano East Sr H S - ECON - 1
Income Inequality and PovertyCHAPTER THIRTY-FOURINCOME INEQUALITY AND POVERTYCHAPTER OVERVIEWThe statistical information, analytical concepts, and discussions of public policy alternatives can helpstudents find their way through the maze of controver
Plano East Sr H S - ECON - 1
Exchange Rates, the Balance of Power, and Trade DeficitsCHAPTER THIRTY-EIGHTEXCHANGE RATES,THE BALANCE OF POWER,AND TRADE DEFICITSCHAPTER OVERVIEWThis chapter addresses several important aspects of international trade. The chapter begins with a brie
Plano East Sr H S - ECON - 1
The Economics of Developing CountriesCHAPTER THIRTY-NINETHE ECONOMICS OF DEVELOPING COUNTRIESCHAPTER OVERVIEWIt is sometimes difficult for affluent Americans to realize that hunger, squalor, and disease arecommonplace for most of the worlds populatio
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International TradeCHAPTER THIRTY-SEVENINTERNATIONAL TRADECHAPTER OVERVIEWThis chapter builds on Chapter 6, providing more analysis of international trade and protectionism.First, it reviews important facts about world trade. Second, it examines how
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 1: High School Concepts laude (89560)This print-out should have 40 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.001 10.0 pointsCalculate the number of H2 O molecules
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 2A: Atoms laude (89560)This print-out should have 14 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.1003 10.0 pointsHow many electrons are in principle energylevel 7
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 2B: Atoms laude (89560)This print-out should have 14 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.001 10.0 pointsWhich of the following statement(s) is/aretrue?I)
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 3B: Molecules laude (89560)This print-out should have 16 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.003 10.0 pointsWhich of the following is the correct Lewisstru
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 3A: Molecules laude (89560)This print-out should have 16 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.001 10.0 pointsBased only on the dierence in electronegativity
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 6A: Thermodynamics laude (89560)This print-out should have 21 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.001 10.0 pointsWhich law of thermodynamics governs thespo
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 2B: Atoms laude (89560)This print-out should have 14 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.001 10.0 pointsWhich of the following statement(s) is/aretrue?I)
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 4A: Gases and Kinetics laude (89560)This print-out should have 20 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.001 10.0 pointsWhich of the following is not true abou
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 4B: Gases and Kinetics laude (89560)001 10.0 pointsWhat would you propose as the rate law forthe reaction of bromine with nitric oxide if thesecond step of a proposed mechanism is therate determining step?Step 1: NO + Br2 NOBr
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 5: Condensed Matter laude (89560) This print-out should have 16 questions. Multiple-choice questions may continue on the next column or page find all choices before answering. 001 10.0 points Which one of the following substances is
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 6A: Thermodynamics laude (89560)This print-out should have 21 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.001 10.0 pointsWhich law of thermodynamics governs thespo
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 8B: Mixing laude (89560)This print-out should have 10 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.001 10.0 pointsWhat is Ksp for Ag3 PO4 , if its molar solubilityi
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 6B: Thermodynamics laude (89560)This print-out should have 21 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.11. C5 H12 (l) + 8O2 (g) 6H2 O(g) + 5CO2 (g) correct2. N
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 7A: Equilibria laude (89560)001 10.0 pointsIn general, decreasing the temperature makeswhich phase transitions more likely to occur?1. condensation, fusion, deposition2. condensation, freezing, deposition correctCarbon Dioxide
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 9A: Acids and Bases laude (89560)This print-out should have 14 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.001 10.0 pointsWhich Ka value(s) would you use when calcu
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 7B: Equilibria laude (89560)00110.0 pointsConsider the following statements. Whichare true?I) Vapor pressure is a surface phenomenon.II) The smaller the IMF, the smaller thevapor pressure.III) The volume of a liquid does not
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 8A: Mixing laude (89560)This print-out should have 10 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.001 10.0 pointsHow many milliliters of 0.010 M HNO3 willneutraliz
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 9B: Acids and Bases laude (89560)This print-out should have 14 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.001 10.0 pointsWhat is the pH of a solution containing 50
Plano East Sr H S - CHEMISTRY - 1
mcdonald (pam78654) HW 10: Electrochemistry laude (89560)This print-out should have 15 questions.Multiple-choice questions may continue onthe next column or page nd all choicesbefore answering.001 10.0 pointsWhich of the following is not a correct s
Plano East Sr H S - ART HISTOR - 1
Art AppreciationTEST IIIMark your answers on both the scantron and test sheets. Students who do not return thisform will receive a zero for the test.Section I: Slide ID Identify the slide that illustrates the word listed (A, B or C):For chronological
Plano East Sr H S - ART HISTOR - 1
Art AppreciationTEST IIIName: _Mark your answers on both the scantron and test sheets. AFTER THE TEST: Put yourname on this paper. Return the test to the instructor. Students who do not return this formwill receive a zero for the test.Section I: Sli
Plano East Sr H S - ART HISTOR - 1
Art Appreciation Test - Test51. _Which image below shows the etching method of intaglio?(SLO #1. Demonstrate awareness of the scope and variety of works in the arts andhumanities.)LibraryofCongress,Washington,D.C.CollectionofEllenandMLibraryofCongre
Plano East Sr H S - ART HISTOR - 1
Chapter3Pr inciplesofDesignPrinciple (of art): A principle is an essential quality of a workthat produces a desired expressive effect. In otherwords, principles are how artists use elements to create acomposition.Unity and VarietyBalanceEmphasis/
Plano East Sr H S - ART HISTOR - 1
Chapter13ClassicalArt:GreeceandRomeGreecePeriods in Greek Art Geometric Archaic Classical HellenisticGe mtricoe900-700BCEDipylon Vase withfunerary sceneGreek, 8th C.,BCETerra Cotta. Height 425/8Arc 660- 480BCEhaicBlack figure and Red fi
Plano East Sr H S - ART HISTOR - 1
Chapter 1WHATISART?BrancusiVs.UnitedStatesTheHistoricTrial1928AmericanCustomsauthoritieshadrefusedtoallowitdutyfreeentry,aswasthecaseforworksofart.Brancusiappealed,and,in1927,themostfamoustrialconcerningthedefinitionofaworkofartbeganinNewYork
Plano East Sr H S - ART HISTOR - 1
Chapter 12TheArtoftheAncientsTheBirthofArtDrawing and Painting The material used to make a mark is called a medium.When more than one are used we say media, notmediums! All media has a pigment and a binder. Pigment animal, vegetable, or mineral s
Plano East Sr H S - ART HISTOR - 1
Chapter4Style,Form,andContentWhen?When?Where?RegionalPersonalGroupCulturalPeriodCultural StyleH istoricalStyleArtNouveauCurvilinearLinesThe Horta HouseBrussels, BelgiumSaint CyrsHouseByStrauven(studied under Horta)BrusselsOld Englan
Plano East Sr H S - ART HISTOR - 1
Chapter 16The Age of Baroqueca. 1600-1750The Baroque in ItalyCounter Reformation artEmotionalTheatricalTwisting and movingTakes the circle and the squarefrom the Renaissance anddistorts themBerniniSt.Peter'sSquare,VaticanState.ArtResource,NewY
Plano East Sr H S - ART HISTOR - 1
Chapter18(UnitIV)MODERNART19thCenturyRealismImpressionismPostImpressionismRealism Realism is based on content, notform. Realists try to record thingsthey can observe from life. Academicart seemed false and used. Show me an angel, and I will pai
Plano East Sr H S - ART HISTOR - 1
C hapter18 (Unit III)Neoclassical andRomantismNeoclassicismc.17501850Age of Reason- the EnlightenmentAge of Revolution France and AmericaClarity, linear, art for moral instructionReason and intellect over emotionLine over colorBased on Roman Re
Plano East Sr H S - ART HISTOR - 1
1 819 CenturyProcessesthPastels ,Watercolor&PhotographyPastelCarrieraPastelportraits,18thcenturyDegasImpressionistFigure 5.11, p.120: EDGAR DEGAS. Woman at Her Toilette (1903).Pastel on paper. 30 x 30 12.CassattWatercolorRenaissanceartists
Plano East Sr H S - ART HISTOR - 1
Left:AugusteRodin.TheThinker,1880,bronzeBelow:CharlesAubrey.PortraitofRodin,1862,photographThe Burghers of Calais,1889,Fromaneventin1347HundredYearsWar,EdwardofferedtosparethepeopleofthecityofCalaisifanysixofitstopleaderswouldsurrenderthemselvestohi
Plano East Sr H S - ART HISTOR - 1
Chapter 15TheRenaissanceR enaissance intheNorthandItalianRenaissancec.1400sEuropeinthe15thCenturyLimbourg Brothers. May from Les Tres Riches Heures duDuc de Berry (1416 CE). Illumination, 8 x 5 3/8.EarlyNorthernRenaissance1400sA Book of H
Plano East Sr H S - ART HISTOR - 1
RealismJeanFrancoisMillet.TheGleaners,1857,oiloncanvasBarbizonschool/peasantstockdepictedwithsolemngrandeur/attachmenttonatureJeanFrancoisMillet.SelfPortrait,18456HonoreDaumier.ThirdClassCarriage,c.1862,oiloncanvasglimpseintothecontinuumofordinary