Which one of the following is NOT one of the monetary policy goals of the Fed?
The top table describes an economy’s labor market and the bo…
The top table describes an economy’s labor market and the bottom table describes its production function. What is potential GDP?
How would a higher desired reserve ratio impact money creati…
How would a higher desired reserve ratio impact money creation? A higher desired reserve ratio _______, which _______ the quantity of loans that banks can make and the quantity of money created.
Assuming that inflation has occurred over time, what is the…
Assuming that inflation has occurred over time, what is the relationship between nominal GDP and real GDP in years after the base year?
Assuming that inflation has occurred over time, what is the…
Assuming that inflation has occurred over time, what is the relationship between nominal GDP and real GDP in years after the base year?
Consider the figures below. Determine which combination of f…
Consider the figures below. Determine which combination of fiscal policies shifted AD1 to AD2 in each figure and returned the economy to long-run macroeconomic equilibrium.
A simple economy produces two goods, Corn Bread and Compute…
A simple economy produces two goods, Corn Bread and Computer Games. Price and quantity data are as follows: In Year 2, real GDP is equal to:
In the Candyland nation, 18,000 are employed, 2,000 are unem…
In the Candyland nation, 18,000 are employed, 2,000 are unemployed, and 5,000 are not in the labor force. What is the unemployment rate?
The following data were obtained for a region: 26 million p…
The following data were obtained for a region: 26 million people had full-time jobs.Another 10 million people had part-time jobs.3 million people had no work but were available and had looked for work in the past four weeks.15 million people of working age did not have jobs and did not want jobs. What is the size of the labor force?
Can you do this? Yes you can! Take a deep breath and get sta…
Can you do this? Yes you can! Take a deep breath and get started!