(03.01 LC) Which one of the following statements is true regarding shifts in the aggregate demand curve?

(01.01–01.03, 05.06 HC) Assume that Athens and the Sparta use equal resources to produce consumer and capital goods, as illustrated in the table below showing maximum possible production figures. Country Capital Goods Consumer Goods Athens 70 units 210 units Sparta 50 units 100 units Draw a fully labeled production possibility curve for Athens. Place capital goods on the vertical axis and consumer goods on the horizontal axis. Assume constant opportunity cost. On your graph from part (a), label an inefficient point of production I, an efficient point of production E, and an unattainable point of production U. Which country has the comparative advantage in the production of consumer goods? Explain. If Athens shifted from producing 50 units of capital goods and 60 units of consumer goods to producing 60 units of capital goods and 30 units of consumer goods, what would be the impact on its economic growth in the long run? Based on the data table, what range of capital goods could be traded for 60 units of consumer goods that would be mutually beneficial?

(04.06 MC) Assume that an economy is going through a slump and is experiencing less than ideal output levels and a decreased national income. In a banking system with limited reserves, which one of the following actions can a central bank take in order to fix the economy?

(05.02 MC) An increase in aggregate demand, for a given short-run aggregate supply curve, should lead to which of the following results relating to the Phillips curve?

Assessments (quizzes, projects, speaking evaluations) reflect the goals of the course.

(05.01 MC) If the government wishes to reduce unemployment and lower interest rates, which policy combination will be most effective? Assume the banking system operates with limited reserves.

(05.04 LC) The national debt is calculated by

A. El subjuntivo: ¿Qué espera la familia de Alexander? (Parte 1). Alexander has a large family. Read the suggestions that each family member gives him. First, read each piece of advice. Then, select the most logical verb based on what you’ve learned about verbs of influence and the subjunctive. (1 pt. each; 10 pts. total) Modelo: Su abuela le recomienda que coma bien.  1. Su madre que Alexander en el extranjero. 2. Su padre que él un hombre honesto. 3. Sus hermanos le que él en una casa cerca de sus padres.  4. La tía de Alexander dice que Alexander dos padres cariñosos.  5. El tío de Alexander dice que él al gimnasio por lo menos tres veces a la semana.  Photo: https://alphamom.com/family-fun/holidays/the-best-thanksgiving-jokes-and-graces/

(05.06 MC) Assume real GDP equals $30,000; the population is 20 and there are 15 labor employed. What is the value of GDP per capita and average labor productivity?

(02.04 HC) Use the table to answer the question that follows. Year Price of Good A Quantity of Good A Price of Good B Quantity of Good B 1 $10 5 $12 6 2 $15 5 $12 7 The economy produced only two goods with the prices and quantities of each good for year 1 and year 2 shown above. Which of the following is true?