The CPI in Mexico has been increasing consistently recently.  A change in expectations that reflects this trend results in  a movement along(a movement along, an upward shift in , a downward shift in, no change)the short-run aggregate supply curve, (a movement along, an upward shift in , a downward shift in, no change) in the long-run aggregate supply curve,  (a movement along, an upward shift in , a downward shift in, no change) in the aggregate demand curve,  (a movement along, an upward shift in , a downward shift in, no change) in the short-run Phillips curve, and  (a movement along, an upward shift in , a downward shift in, no change) in the long-run Phillips curve.

Explain how real GDP is determined when the price level is fixed.

Which of the following groups would most likely be harmed by inflation? Group of answer choices spenders workers retirees none of the above Older people often reminisce about the “good old days” when prices were much lower. This is misplaced nostalgia primarily because in the “good old days” Group of answer choices prices were not really that low wages were much lower also When interest rates fall, investment expenditures by businesses Group of answer choices decrease increase

Demand–pull inflation occurs when  increases until equilibrium output exceeds the full employment level.

Which is the correct order once the AD or SRAS has shifted to start the inflation process? a. Prices increase in the shortage markets. b. Shortages develop in some markets. c. Prices throughout the economy rise. 

Give two specific reasons why inflation in Canada is higher than normal.

Measuring Inflation and Unemployment: Around the World The growth of American tourism to Cuba has dramatically affected private sector employment, as Cuban entrepreneurs start ventures focused on this new group of tourists. The influx of American tourists to Cuba is likely to lead to Ohyperinflation, as the Cuban economy begins to expand, and new businesses begin to flourish. disinflation, as employment flourishes in the informal market. inflation, as more money chases the limited volume of goods and services available in the Cuban economy. O deflation, as Cuban businesses compete for tourist dollars.

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

Start at full-employment (FE) equilibrium with flexible wages and worker misperception of price level changes in the short run. Suppose then that we have an increase in Aggregate Demand. First, think about the short-run effects on price level (P), output level (Q), wage level (W), employment (L), and unemployment (U)?             In the long run, once workers realize that there was a change in the price level, they will change the supply curve of labor. When all subsequent wage and price adjustments take place, we will be in a new long-run equilibrium. From the original full-employment (FE) equilibrium to the final one, what is the net change in the price level (P), output level (Q), the nominal wage (W), employment (L), unemployment rate (U), and the real wage (W/P)?   Group of answer choices a) An increase in P, no change in Q, no change in W, an increase in L, an increase in U and no change in W/P. b) An increase in P, a decrease in Q, a decrease in W, a decrease in L, an…

In August of 2020, the United States unemployment rate was 8.4%; in September, it was 7.8%.  Which of the following is true? There is a 7.7% decrease in the United States unemployment rate from August to September, 2020. There is a 0.077 percentage point decrease in the United States unemployment rate from August to September, 2020. There was a 0.071 percentage point decrease in the United States unemployment rate from August to September, 2020. There was a 0.6% decrease in the United States unemployment rate from August to September, 2020. There was a 7.1% decrease in the United States unemployment rate from August to September, 2020.