Chapter 4: FIXED BLUR pls help i need quick :0

Question 1 (1 point) The Canadian-Euro exchange rate is defined as the number of Canadian dollars to buy one euro. If one Canadian dollar ($1 CDN) buys 0.82 euros, the Canadian-Euro exchange rate is: (Answer to two decimal points.) Your Answer: Answer Question 2 (1 point) Consider an economy in which existing capital is being used intensively, shortages in labour and goods markets are developing, and costs are rising. Which of the following terms best describes this stage of the business cycle? O A) recession OB) recovery O C) boom O D) slump OE) trough Question 3 (1 point) For a country, economists have estimated that structural unemployment is 2.5% and frictional unemployment is 3.0%. If total unemployment is currently 5.5%, this suggests that: a) The economy is in an inflationary gap, with actual output greater than potential output. O b) There is no output gap, and actual output is equal to potential output. ( c) The economy is in a recessionary gap, with actual output greater than potential output. O d) The economy is in a recessionary gap, with actual output less than potential output. ( e) The economy is in an inflationary gap, with actual output less than potential output.Question 4 (1 point) Which of the following is the best description of the business cycle? O ) the fluctuations of one country's national income in comparison to another country's national income ( B) a five-year period designed for national accounting purposes to capture the normal cycle of recession periods and boom periods O c) a ten-year period designed for national accounting purposes to capture the normal cycle of recession periods and boom periods D) the normal cycle of profits and losses by producers in the economy O E) the short-run fluctuations of national income around its trend value Question 5 (1 point) A small city has the following characteristics: . Population (15+): 500000 . Labour Force Participation Rate: 66% . Unemployment Rate: 9% How many people are unemployed in this city? (Nearest whole number.) Your Answer: Answer Question 6 (1 point) Suppose actual output is less than potential output. If the output gap measures the output loss due to the failure to achieve full employment, it can generally be concluded that the larger this output gap, the O A) more upward pressure there is on prices. O B) lower is frictional unemployment. O C) greater is the unemployment rate. O D) lower the deadweight loss of unemployment. O E) greater is the employment rate. Question 7 (1 point) A bank is lending money at a nominal interest rate of 6.5%. If the inflation rate is 3.3%, what is the real interest rate? (Answer in percentage terms, without the percentage sign.} Your Answer: AnswerQuestion 8 (1 point) The table below provides macroeconomic data for a hypothetical economy. Dollar amounts are all in constant-dollar terms. Unemployment Potential Rate Actual Output Output (% of labour Year (billions of $) (billions of $) force) 2012 402 404 7.1 2013 408 411 7.2 2014 415 415 6.3 2015 420 418 5.9 2016 422 420 6.0 2017 420 423 7.0 2018 425 425 6.3 TABLE 19-1 Refer to Table 19-1. In which years was this economy experiencing an inflationary gap? O A) 2014, 2018 O B) 2016, 2017 O C) 2012, 2013, 2017 O D) 2012, 2013 O E) 2015, 2016Question 9 (1 point) The table below provides macroeconomic data for a hypothetical economy. Dollar amounts are all in constant-dollar terms. Unemployment Potential Rate Actual Output Output (% of labour Year (billions of $) (billions of $) force) 2012 402 404 7.1 2013 408 411 7.2 2014 415 415 6.3 2015 420 418 5.9 2016 422 420 6.0 2017 420 423 7.0 2018 425 425 6.3 TABLE 19-1 Refer to Table 19-1. In the year 2015, it is probably the case that workers are and factories are A) working longer than normal hours; operating beyond their normal capacity O B) experiencing zero unemployment; operating beyond their normal capacity O C) experiencing zero unemployment; operating extra shifts O D) facing cyclical unemployment; facing temporary shut downs O E) working longer than normal hours; facing temporary shutdownsQuestion 10 (1 point) The consumer price index at the end of 2021 is 121.2. If the consumer price index at the end of 2022 is 125.4, what was the inflation rate during 2022? (Answer to one- decimal point, with no percentage sign (ie. 6.74% = 6.7.) Your Answer: Answer Question 11 (1 point) A bank is lending at a nominal interest rate of 7.2, and is expecting to earn a real interest rate of 3.3. What is their expectation of inflation? (Answer in percentage terms, without the percentage sign.} Your Answer: Answer Question 12 (1 point) Suppose 27 million people in a country are employed and 3 million people are unemployed. What is the unemployment rate? O A) 90% O B) 10% O C) 89% O D) 11% O E) Not able to determine from the information provided