Sample Exam Questions
... 4. The following table shows information on the Long run average total cost curve and the demand curve. Plot the following data on a graph. Show the areas of economies and diseconomies of scale and constant returns to scale. What is the minimum efficient scale? What is the scale of production in thi ...
... 4. The following table shows information on the Long run average total cost curve and the demand curve. Plot the following data on a graph. Show the areas of economies and diseconomies of scale and constant returns to scale. What is the minimum efficient scale? What is the scale of production in thi ...
Practice Test - MDC Faculty Web Pages
... B. Environmental destruction is more prevalent when unemployment rates are high. C. There is lost output that could have been produced if the unemployed had been working. D. All of these options are reasons why economists are concerned about high unemployment rates. ...
... B. Environmental destruction is more prevalent when unemployment rates are high. C. There is lost output that could have been produced if the unemployed had been working. D. All of these options are reasons why economists are concerned about high unemployment rates. ...
The Great Depression
... increasing banks stopped loaning as much $ to Europe and loaned it instead to brokers who were selling stocks on margin. This decreased international trade Followed by high US tariffs Contributed to more underconsumption ...
... increasing banks stopped loaning as much $ to Europe and loaned it instead to brokers who were selling stocks on margin. This decreased international trade Followed by high US tariffs Contributed to more underconsumption ...
QUESTIONS FOR DISCUSSION
... The length and depth of the Great Depression were due to the complete lack of confidence created by events such as the stock market crash and the closing of banks. In such a situation, consumers were unwilling to spend what little they had and businesses did not have the confidence to invest. In add ...
... The length and depth of the Great Depression were due to the complete lack of confidence created by events such as the stock market crash and the closing of banks. In such a situation, consumers were unwilling to spend what little they had and businesses did not have the confidence to invest. In add ...
Ch17
... • Farmers have been hit hard by increases in prices of inputs such as fertilizer, and prices they receive for food products often still remain artificially low • Workers have been laid off in defense industries, government jobs, and privatized businesses, and other workers frequently have not been p ...
... • Farmers have been hit hard by increases in prices of inputs such as fertilizer, and prices they receive for food products often still remain artificially low • Workers have been laid off in defense industries, government jobs, and privatized businesses, and other workers frequently have not been p ...
Test 1
... 3. During the Great Inflation of the 1970s, (a) the growth rates of M1 and M2 were higher than previously, and (b) the growth rate of M2 was much higher than the growth rate of M1. Explain how the high inflation of the decade relates to each of these facts. By the quantity theory of money, rapid gro ...
... 3. During the Great Inflation of the 1970s, (a) the growth rates of M1 and M2 were higher than previously, and (b) the growth rate of M2 was much higher than the growth rate of M1. Explain how the high inflation of the decade relates to each of these facts. By the quantity theory of money, rapid gro ...
El_Salvador_en.pdf
... impact of coffee-leaf rust on agriculture —which grew by just 1.2% in the first half of 2013, down from 3.6% in the first six months of 2012— and persistently slack domestic demand, which led to a slowdown in trade from 2.9% in the first half of 2012 to 1.6% in 2013. Economic growth of 1.7% is expec ...
... impact of coffee-leaf rust on agriculture —which grew by just 1.2% in the first half of 2013, down from 3.6% in the first six months of 2012— and persistently slack domestic demand, which led to a slowdown in trade from 2.9% in the first half of 2012 to 1.6% in 2013. Economic growth of 1.7% is expec ...
Summary (PDF, 47 KB)
... results of the financial crisis will still dampen the spending propensity of private households and businesses for some time, especially in countries where the financial and real-estate sectors are experiencing a structural crisis. But also in countries like Japan or Germany that were affected parti ...
... results of the financial crisis will still dampen the spending propensity of private households and businesses for some time, especially in countries where the financial and real-estate sectors are experiencing a structural crisis. But also in countries like Japan or Germany that were affected parti ...
Real GDP Calculation - Richard E. Haskell, Ph.D.
... e) What does the answer to part d) really tell us about the growth in this economy? It tells us something of the overall growth rate, but doesn’t help us see where this has come from: was it due to general economic expansion or was there simply population growth that pushed the economy to greater he ...
... e) What does the answer to part d) really tell us about the growth in this economy? It tells us something of the overall growth rate, but doesn’t help us see where this has come from: was it due to general economic expansion or was there simply population growth that pushed the economy to greater he ...
Macroeconomic Policy Objectives
... • A movement from A to the PPF would indicate economic recovery showing that all factors or production are employed • Can show on AD/AS curves Capital ...
... • A movement from A to the PPF would indicate economic recovery showing that all factors or production are employed • Can show on AD/AS curves Capital ...
The Structure of Turkish Economy CLASS 1
... • These golden years did not last very long, however. • With the end of the Korean War, international demand slackened and prices of export commodities began to decline. • With the disappearance of favorable weather conditions, agricultural yields declined as well. ...
... • These golden years did not last very long, however. • With the end of the Korean War, international demand slackened and prices of export commodities began to decline. • With the disappearance of favorable weather conditions, agricultural yields declined as well. ...
Principles of Macroeconomics, Case/Fair/Oster, 10e
... 2011, it averaged 5.7%, with dramatic spikes upward during recessions, such as the mid-1970s, the early 1980s, and 2008 to 2011. ...
... 2011, it averaged 5.7%, with dramatic spikes upward during recessions, such as the mid-1970s, the early 1980s, and 2008 to 2011. ...
Historical Monetary Overview
... They wanted to redeem their dollar assets before the gold ran out Collapse of the Bretton Woods System 25. The U.S. needed to reduce government purchases, increase taxes, or reduce ...
... They wanted to redeem their dollar assets before the gold ran out Collapse of the Bretton Woods System 25. The U.S. needed to reduce government purchases, increase taxes, or reduce ...
Business and Economics
... The Standard of Living refers to the amount of goods and services that a person can buy with their income. When income rises, so does standard of living, so when the GDP of a country increases, so does the average standard of living. GDP per capita is a better way of seeing standard of living of a c ...
... The Standard of Living refers to the amount of goods and services that a person can buy with their income. When income rises, so does standard of living, so when the GDP of a country increases, so does the average standard of living. GDP per capita is a better way of seeing standard of living of a c ...
Press summary (PDF, 123 KB)
... and fiscal policy, a gradual recovery in the labour market and lower debt levels of private households. Economic impetus in the euro area will remain weak. There are no signs of the long‐waited recovery yet, and forecasts have been gradually downwardly adjusted accordingly. Since the world econom ...
... and fiscal policy, a gradual recovery in the labour market and lower debt levels of private households. Economic impetus in the euro area will remain weak. There are no signs of the long‐waited recovery yet, and forecasts have been gradually downwardly adjusted accordingly. Since the world econom ...
Effects of Growth - Gore High School
... incomes due to increased employment will lead to higher levels of demand (consumer spending) which will in turn create demand pull inflation. More Government spending due to increase in income tax. Firms sales increase therefore invest in more capital to produce more goods/services. Net export ...
... incomes due to increased employment will lead to higher levels of demand (consumer spending) which will in turn create demand pull inflation. More Government spending due to increase in income tax. Firms sales increase therefore invest in more capital to produce more goods/services. Net export ...
PDF
... Joint Economic Forecast Project Group: Upswing Interrupted Autumn 2007 Joint Economic Forecast, Summary 18 October 2007 ...
... Joint Economic Forecast Project Group: Upswing Interrupted Autumn 2007 Joint Economic Forecast, Summary 18 October 2007 ...
File
... 7. If the CPI in December 1998 was 1.38 and in December 1999 the CPI was 1.44, the inflation rate between December 1998 and December 1999 was: a. 5.6% b. 2.2% c. 6.0% d. 4.3% 8. If the implicit price deflator is 2.4 and real GDP is $1.8 trillion then nominal GDP must be a. $4.32 trillion b. $5.22 tr ...
... 7. If the CPI in December 1998 was 1.38 and in December 1999 the CPI was 1.44, the inflation rate between December 1998 and December 1999 was: a. 5.6% b. 2.2% c. 6.0% d. 4.3% 8. If the implicit price deflator is 2.4 and real GDP is $1.8 trillion then nominal GDP must be a. $4.32 trillion b. $5.22 tr ...
The origins of macro
... Versailles’ conditions on Germany • Excessive reparations (almost 4 times the actual damage inflicted). ...
... Versailles’ conditions on Germany • Excessive reparations (almost 4 times the actual damage inflicted). ...
debt deflation - Cognetti de Martiis
... private sectors was rationed or the conditions on which they could get access to credit became more onerous (i.e. credit crunch) ...
... private sectors was rationed or the conditions on which they could get access to credit became more onerous (i.e. credit crunch) ...
THE BUSINESS CYCLE
... Viewing http://www.youtube.com/watch?v=EMHkiKxtlvw “a backwards rollercoaster” 3 indicators of recession by NBER definition of recession 4 phases economic trends in recession V-shaped recession v. U-shaped recession ...
... Viewing http://www.youtube.com/watch?v=EMHkiKxtlvw “a backwards rollercoaster” 3 indicators of recession by NBER definition of recession 4 phases economic trends in recession V-shaped recession v. U-shaped recession ...
ECON 2020-100 Principles of Macroeconomics
... Packet of Readings - available at Kinko ' s Ion the Hill) Your course grade will be determined by your performance on the t1ve !every Fridayi e>iams 1 and in your recitation, Each of the preceeding will be worth 100 points. We will drop the lowest of your six scores; therefore your grade will be bas ...
... Packet of Readings - available at Kinko ' s Ion the Hill) Your course grade will be determined by your performance on the t1ve !every Fridayi e>iams 1 and in your recitation, Each of the preceeding will be worth 100 points. We will drop the lowest of your six scores; therefore your grade will be bas ...
new ial scheme of work for unit 2 File
... From end of January we increase the lessons to six a week. Late January to Feb ...
... From end of January we increase the lessons to six a week. Late January to Feb ...
Long Depression
The Long Depression was a worldwide price recession, beginning in 1873 and running through the spring of 1879. It was the most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War. The episode was labeled the ""Great Depression"" at the time, and it held that designation until the Great Depression of the 1930s. Though a period of general deflation and a general contraction, it did not have the severe economic retrogression of the Great Depression.It was most notable in Western Europe and North America, at least in part because reliable data from the period are most readily available in those parts of the world. The United Kingdom is often considered to have been the hardest hit; during this period it lost some of its large industrial lead over the economies of Continental Europe. While it was occurring, the view was prominent that the economy of the United Kingdom had been in continuous depression from 1873 to as late as 1896 and some texts refer to the period as the Great Depression of 1873–96.In the United States, economists typically refer to the Long Depression as the Depression of 1873–79, kicked off by the Panic of 1873, and followed by the Panic of 1893, book-ending the entire period of the wider Long Depression. The National Bureau of Economic Research dates the contraction following the panic as lasting from October 1873 to March 1879. At 65 months, it is the longest-lasting contraction identified by the NBER, eclipsing the Great Depression's 43 months of contraction.In the US, from 1873–1879, 18,000 businesses went bankrupt, including 89 railroads. Ten states and hundreds of banks went bankrupt. Unemployment peaked in 1878, long after the panic ended. Different sources peg the peak unemployment rate anywhere from 8.25% to 14%.