Suppose you read in the Wall Street Journal that, during the fourth quarter of 2020, the U.S. economy expanded at the fastest rate in two decades. It follows that one would expect in the unemployment rate and in real GDP during the fourth quarter of 2020. O a. a decrease; a decrease O b. an'increase; an increase a decrease; an increase O d. an increase; a decrease

Q: If the stock market crashes, reducing real wealth, at the same time that energy prices falling, what…

A: If the stock market crashes , reducing real wealth at the same time that energy prices are falling…

Q: What occurs in the labor market when the real wage rate is above the full-employment equilibrium…

A: Full employment level is the level at which cyclical unemployment is zero and the unemployment in…

Q: Consider the given graphic:    The change in the macroeconomic balance was caused by: O Increased…

A: In the given figure, OA and DA are the…

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A:

Q: What index is used to measure the average prices paid by a typical family? An average of the prices…

A: * SOLUTION :-    *An average of the prices  goods and services purchased by a typical family is the…

Q: Y* If Y* indicates potential output and the economy is in equilibrium, which of the following…

A: The potential output Y* would be the long run output whereas the short run actual output would be…

Q: QUESTION 20 Which of the following is correct? O A. The Bureau of Labor Statistics produces data on…

A: INTRODUCTION: The Bureau of Labor Statistics (BLS) is a federal agency that does collect and…

Q: Use the highlighted info above to answer each question below, Round appropriately to the context.

A: The change in the cost of an average market basket of consumer goods and services is measured by a…

Q: Bob is laid off his job because of a recession. A. seasonal B. frictional O C. structural O D.…

A: Unemployment is a term referring to individuals who are employable and actively seeking a job but…

Q: What is the change in unemployment when the price level and the money wage rate rise by the same…

A: The average of existing prices over the entire range of goods and services generated in an economy…

Q: Which of the following statements is correct? A. The price level does not effect the level of real…

A: Aggregate demand shows the relationship between the price level and spending on real GDP; i.e.,  if…

Q: The Table below summarizes the nominal and real GDP information for an economy for 2013 and 2014:…

A: Nominal GDP is the one in which all the goods and services are evaluated in the current price. Real…

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A: The aggregate supply curve shows the total quantity of output - real GDP - that firms will produce…

Q: If the value of the goods and services a country produces decreases while its population stays the…

A: Given that the value of the goods and services a country produces decreases while population stay…

Q: Economists refer to the measure of GDP, after the effects of inflation have been removed, as Select…

A: GDP is defined as the total output that is produced in the economy by employing the inputs like…

Q: The first table describes an economy's labor market in 2014 and the second table describes its…

A: Labor productivity is a measure of how efficiently labor is being used to produce goods and…

Q: Which of these statements is not true when we discuss GDP calculation? O a. GDP includes earnings of…

A: GDP can be calculated by adding up all of the money spent by consumers, businesses, and government…

Q: Select one or more: O a. Households smooth their income to match their volatile consumption. O b.…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Assume that nominal GDP is $2,800 billion and the real GDP is $2,000 billion. What is this economy's…

A: The GDP deflator refers to a weighted average of all final product and service prices created in the…

Q: During 2009, the Federal Reserve was easing monetary policy in an attempt to boost the economy. That…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Consider the following graph. Suppose the economy is currently at point A. Suppose there is a…

A: "As the question number is not specified, we can provide a solution to the first question. Kindly…

Q: What does the PPI measure?

A: The PPI is the producer price index which is the measure of the average prices that are received by…

Q: What type of relationship does labor productivity have with Aggregate Supply? O inverse O…

A: The aggregate production function depicts the relationship that real GDP changes when the quantity…

Q: rate that is and an annual growth rate in real GDP that averages. Select one: O a. less than 10 % ;…

A: The unemployment rate would be close to the natural of unemployment when economy operates at the…

Q: The CPI is more commonly used as a gauge of inflation than the GDP deflator is becaust the O a. GDP…

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Q: Economists find in a business cycle, a peak represents the end of and a trough represents the end of…

A: The business cycle shows the trends of the gross domestic product (GDP) and how it expands/changes…

Q: Variations of actual real GDP around potential real GDP are called economic fluctuations. What is…

A: Variations od actual GDP around potential GDP are called economic fluctuations and is also termed as…

Q: Suppose that, as a result of an increase in the price of wheat, several large U.S. grocery chains,…

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Q: Suppose the information in the following table is for a simple economy that produces only the…

A: The gross domestic product (GDP) refers to the market value or money value of all the final or…

Q: during expansions. The rate of unemployment tends to during recessions and During prolonged…

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Q: What is the quantity of real GDP produced if the real wage rate is at the full-employment…

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Q: In 2014, a devastating typhoon hit the Philippines, destroying roads and buildings, and killing…

A: The value of all goods and services generated by an economy in a very given year is reflected in…

Q: Suppose the country of Dingo experienced an economic trough in January 2011. We can conclude that…

A: Gross domestic product of a country is the amount of output produced in the economy.

Q: Potential GDP is O a. a measure of the short term fluctuations in real GDP. O b. another name for…

A: Answer to the question is as follows:

Q: Macroeconomic indicators can be categorized as "leading" or "lagging". Which one in the list below…

A: A leading indicator is an economic variable that tends to change before the overall economy changes.…

Q: Over time, increases in Potential GDP are the result of O A. inflation O B. increased government…

A: Gross domestic product provides the market value of the products and services produced in the…

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A: The measure that depicts a general rise in the level of prices of goods and services in an economy…

Q: The prices of electronic devices shown in the image has gone high due to its demand and lack of…

A: In the given figure, it can be seen that the price of the electronic device increases in the market…