(02.06 MC) Considering 2017 prices as the base year prices, the price of good x in 2017 was $2, and 200 units of x were produced. In 2018, the price of good x was raised to $4, and 150 units of x were produced. Which of the following is true about the real GDP?

(03.05 MC) Use the graph to answer the question that follows.Which point on the graph is the point of long-run equilibrium in the economy?

(03.07 MC) Which of the following best explains how recessionary gaps in the economy are fixed by self-adjustment in the long run?

(02.04 HC) Assume that only two goods are produced in an economy, A and B. In the base year, 6 units of A are produced at a price of $3 and 5 units of B are produced at a price of $2. And in the given year, 6 units of A are produced at a price of $2 and 5 units of B are produced at a price of $6. What is the CPI for the given year?

(04.06 MC) Achieving the maximum increase in the money supply, for a given money multiplier, is slowed when

(03.03 MC) Which of the following is true about the upward-sloping, short-run supply curve?

(06.05 HC) Assume that a country X engages in activities that lead to a depreciation of its currency. What is the impact of currency depreciation on net exports of a country?

When the compressibility of a medium is high, the —– is low.

(05.05 HC) Use the graph to answer the question that follows.Assume that an economy is in equilibrium at point A, as shown in the graph. If the government is running a budget deficit, what will be the new equilibrium in the market of loanable funds for the private sector?

(03.03 MC) Assume that the government decides to stimulate production by reducing the taxes on businesses. How does this policy action affect the short-run aggregate supply curve and the aggregate output?