All of the following are causes of Great Recession except Group of answer choices Increased Imports Falling house prices Falling Global growth Consumer’s pessimism

Macro Economics MCQS select right option urgent need i) National Saving in the economy could be identified as                                C+I+G                  I+G.                      Y – I–G                 Y –C–G ii) Barter cannot function well because transaction costs are minimal                                because goods are not always divisible.                                because goods are always standardized                because people with similar interest are easy to interact iii) Compared to long-term unemployment, short-term unemployment is more likely to be: frictional unemployment. structural unemployment. a result of minimum-wage laws. a result of union activity. iv) The production function Y = F(K,L) states that The output increases when capital and labour decreases The output depends on capital and labour The output increases when capital increases and labour decreases The output increases when an increase in the capital causes…

What kind of economic shock does the following statements represent? Short-term effects of rising household saving in response to RRSP and RRIFs tax-saving provisions: choose from: affect only long-run aggregate supply, positive aggregate demand shock, negative aggregate supply shock, negative aggregate demand shock, positive aggregate supply shock More Canadians vacation at home (Canada): choose from: negative aggregate supply shock, changes both short-run and long-run aggregate supply, positive aggregate supply shock, negative aggregate demand shock, changes long-run aggregate supply, positive aggregate demand shock Businesses face high commodity (input) prices: choose from: changes long-run aggregate supply, negative aggregate demand shock, positive aggregate demand shock, changes both short-run and long-run aggregate supply, negative aggregate supply shock, positive aggregate supply shock

Deflation is particularly bad for an economy in recession for all of the following reasons EXCEPT a-with deflation people spend less  expecting prices to be lower in the future b- the rising prices makes goods more expensive c- with deflation the value of assets declines while the value of loans does not - this lowers wealth and further depresses spending