Question 5 correct mark 100 out of 100 flag question

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Question 5 Correct Mark 1.00 out of 1.00 Flag question Question text In the economy of a city called “Heaven” the aggregate demand is illustrated with the AD 0 curve. Suppose that after a relative directive comes directly by the Fed, the Board of Directors has taken the decision to reduce the money supply. How such a policy will be illustrated in the above figure and regarding its aggregate demand. Select one: a. By a relocation of AD curve to AD 1 b. By a relocation of AD curve to AD 2 c. By remaining at the same demand curve AD 0 d. The Figure 1 is not capable to describe the above statement
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The correct answer is: By a relocation of AD curve to AD 1
Question 6 Incorrect Mark 0.00 out of 1.00 Flag question Question text According to the Case in Point on hockey teams, economic theory predicts that if a sports team consistently sells out its games, it will operate at a quantity where marginal revenue is: Select one:
Question 7 Correct Mark 1.00 out of 1.00 Flag question Question text If the CPI is 120 in 2005 and 150 in 2006, what is the rate of inflation over this period? Select one:
Question 8 Correct Mark 1.00 out of 1.00 Flag question Question text
Which one of the following is an example of a frictionally unemployed individual? Select one:
Question 9 Correct Mark 1.00 out of 1.00 Flag question Question text Charges that are paid for factors of production are called: Select one: a. implicit costs. b. opportunity costs. c. fixed costs. d. explicit costs. Feedback The correct answer is: explicit costs.

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