The English economist William Stanley Jevons described a world tour during the 1880s by a French​ singer, Mademoiselle Zelie. One stop on the tour was a theater in the Society​ Islands, part of French Polynesia in the South Pacific. She performed for her usual​ fee, which was​ one-third of the receipts. This turned out to be three​ pigs, 23​ turkeys, 44​ chickens, 5000​ coconuts, and​ “considerable quantities of​ bananas, lemons, and​ oranges.” She estimated that all of this would have had a value in France of 4000 francs. According to​ Jevons, “as Mademoiselle could not consume any considerable portion of the receipts​ herself, it became necessary in the meantime to feed the pigs and poultry with the​ fruit.”   (​Source: W. Stanley Jevons​, Money and the Mechanism of Exchange​, New​ York: D. Appleton and​ Company, 1889, pp.​ 1-2.) Do the goods Mademoiselle Zelie received as payment fulfill the three functions of money?  

An increase in government purchases will cause what kind of shift of the aggregate demand curve?

When the economy is experiencing an expansion, automatic stabilizers will cause:

The English economist William Stanley Jevons described a world tour during the 1880s by a French​ singer, Mademoiselle Zelie. One stop on the tour was a theater in the Society​ Islands, part of French Polynesia in the South Pacific. She performed for her usual​ fee, which was​ one-third of the receipts. This turned out to be three​ pigs, 23​ turkeys, 44​ chickens, 5000​ coconuts, and​ “considerable quantities of​ bananas, lemons, and​ oranges.” She estimated that all of this would have had a value in France of 4000 francs. According to​ Jevons, “as Mademoiselle could not consume any considerable portion of the receipts​ herself, it became necessary in the meantime to feed the pigs and poultry with the​ fruit.”   (​Source: W. Stanley Jevons​, Money and the Mechanism of Exchange​, New​ York: D. Appleton and​ Company, 1889, pp.​ 1-2.) Do the goods Mademoiselle Zelie received as payment fulfill the three functions of money?  

Describe a scenario that could lead to mandatory in-person testing under this policy.

The table provides some data on real GDP and the population of Candyland in 1997 and 1998. What is real GDP per person in Candyland in 1997?  The real GDP person is $______

What is the effect on China’s aggregate demand when the United States goes into an expansionary period? When the United States goes into an expansionary, China’s aggregate demand _______.

When the economy is experiencing an expansion, automatic stabilizers will cause:

In the definition of money supply, where do credit cards belong?

Suppose that a simple economy produces only the following four goods and services: shoes, hamburgers, shirts, and cotton. Further, assume that all of the cotton is used in the production of shirts. Use the information in the following table to calculate Nominal Gross Domestic Product (Nominal GDP) for 2019.     The Nominal GDP for the year 2019 is: