Chapter 4: URGENT pls help

Question 1 (1 point) The Canadian-turn exchange rate is defined as the number of Canadian dollars to buy one cure. If one Canadian dollar ($1 CON) buya 0.82 cures, the Canadian-bure exchange rain is: Amwer to two decimal points Your Answer: Answer Question 2 (1 point) Consider an economy in which zaisting capital is being used interaively, shortages in hour and pooch markets are developing, and costs are rising. Which of the following terms beat describes this stage of the business cyclel A recession HI FEEEVERY 0 4) boom OD) Jump OH trough Question 3 (1 point) For a country, economists have estimated that structural unemployment is 2.4% and frictional unemployment in 3.U.. If total unemployment is currently 5.5%, this wupenta that: al 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. a) 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 The economy is in an inflationary yap, with actual output leas than potential output Question 4 (1 point) Which of the following is the best description of the business cycle? O A the fluctuations of and country's national income in comparison to another country's national income On a tie-year period designed for national accounting purposes to capture the normal cycle of recession perinch and boom periath ten-year period designed for national accounting purposes to capture the normal cycle of recession periods and boom periods ") the normal cycle of profits and losses by producers in the economy E) the short-run fluctuations of national income around its trend value Question 5 (1 point) A small city has the following characteristics Population (194: 500000 Labour Force Participation Rate: 685 Unemployment Rate: 9% How many people am unemployed in this city! [Nearest whale number.] Your Answer: Answer Question 6 (1 point) Support actual output is less than potential output. If the output jap measures the output loss due to the failure to achieve full employment, it can generally be concluded that the larger this output gap, the Al more upward pressure there is on prices. HI lower is frictional unemployment. C greater is the unemployment rate. W lamer the dead weight loss of unemployment. E) greater in the employment rate. Question 7 (1 point) A bank in lending money at a nominal interest rate of a.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 scanany Daily waunts are all in constant dollar froma Unemployment Potential Actual Output Output (* of labour billion of $) Ibilliar of $ 404. 3014 408 411 414 415 6.3 2019 420 418 5.9 422 420 2017 420 2018 424 TABLE 19-1 Refer to lable 19-1. In which years wan this economy experiencing an inflationary O A 2014, 2018 OHI 2016, 2017 O C 2012, 2013, 2017 O b) 2012, 2013 OH) 2015, 2018 Question 9 1 point) The table briow provides ma conomic data for a hypothetical economy Dollar amounts anr all in constant-dollar forma Unemployment Potential Actual Output Output (* of labour billor of $) 404 40 411 Ama 415 415 420 418 5.9 422 420 420 423 2018 474 TABLE 19-1 Refer to lable 19-1. In the year 2015, it is probably the cane that workers are and factories arm Al working longer than normal hours; operating beyond their normal capacity HI experiencing zero unemployment; operating beyond their normal capacity 4 experiencing zero unemployment; operating extra shifts D) facing cyclical unemployment; facing temporary shut down ( El working longer than normal hours, facing temporary shutdowns Question 10 (1 point) The comumer price index at the and of 2021 in 121.2. If the comnumer price index at the end of 2022 is 129.4, what was the inflation rate during 202! [Arawer to one. decimal point, with no percentage sign [in. a.74% = 4.7.] Your Answer: Answer Question 11 (1 point) A bank in lending at a nominal interest rate of 7.2, and is expecting to earn a real interest rain 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 2/ million people in a country are employed and 3 million people are unemployed. What is the unemployment rate? OHI 10% O b) 11% ( E) Not able to determine from the information provided