3.2 - Question 1(Worth 3 points If government regulations...

This preview shows page 1 - 3 out of 9 pages.

Question 1 (Worth 3 points) If government regulations force employers to provide dental insurance, then the determinant causing the shift in this scenario is price. productivity. resource cost or availability. government intervention (taxes, subsidies, or regulations). political or environmental phenomena consumer spending. investment. net exports. government spending. Points earned on this question : 3 Question 2 (Worth 3 points) If an economic crisis caused the collapse of the automobile industry, then there is a movement down the AS curve as price level decreased. AS shifts right and price level would decrease. AS shifts right and price level would increase. AS shifts left and the price level would increase. Points earned on this question : 0
Image of page 1

Subscribe to view the full document.

Question 3 (Worth 3 points) If government regulations force employers to provide dental insurance, then there is a movement up the AS curve as price level increased. AS shifts right and price level would decrease. AS shifts right and price level would increase. AS shifts left and price level would increase. Points earned on this question : 0 Question 4 (Worth 3 points) Classical economists believe that the economy will adjust to at full employment of resources. the economy was never at full employment of resources. the producer can produce more of the product at the same price.
Image of page 2
Image of page 3

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern