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not allow backtracking. Changes to the answer after submission are prohibited. Your answers are saved automatically. Remaining Time: 59 minutes, 51 seconds. Question Completion Status: Moving to the next question prevents changes to this answer. Question 1 Which of the following is true regarding the opportunity cost of holding money? O a. It varies inversely with the rate of interest. O b. It varies directly with the stock of wealth. O c. It varies inversely with nominal GDP. O d. It varies directly with the rate of interest. Type here to search O 9 esc 10 4- 4+ ? echapp. @ # % 2 3 4 5 # + @ Q W E R T Y UHow to use the exe Is test does not allow backtracking. Changes to the answer after submission are prohibited. Your answers are saved automatically. Remaining Time: 51 minutes, 02 seconds. * Question Completion Status: > Moving to the next question prevents changes to this answer. Question 10 The desire of people to hold money as a medium of exchange describes what type of money demand? O a. The investment demand. O b. The velocity of circulation. O c. The transactions demand for money. O d. The asset demand for money. A Moving to the next question prevents changes to this answer, Type here to search O S 5 esc 2 ? * chapp. $ %Better Education - S... Ho Remaining Time: 49 minutes, 19 seconds. Question Completion Status: 12 0 20 30 40 Quantity Figure 1 Demand and supply Refer to Figure 1. At a price of $8, there is: a. none of the above O b. a surplus of 40 O c. a shortage of 20 O d. a shortage of 40 A Moving to the next question prevents changes to this answer, Type here to search O 9Qlon 12_ What Is the effect of an increase in demand for a product? 0 a. Its price will rise and quantity traded will decrease. O In. Its price will rise and quantity traded will increase; G- c. its price will fall and quantity traded will increase. if} d. Its price will fall and quantity traded will decrease. Take Test: Final Exam Part 1 - Bus x + C learn.senecacollege.ca/webapps/assessment/take/take.jsp? course_assessment_id=_323050_1&course_id=_6 i Apps M Gmail @ YouTube Maps Tencent Gaming Bu... Better Education - S... How to use the exe... How Remaining Time: 46 minutes, 46 seconds. Question Completion Status: Year 1 Year 2 Quantity Price Quantity Price Machines 20 $100 22 $105 Rice 100 $5 110 $6 Tractors 10 $500 $540 Refer to the information above to answer this question. What is the value of nominal GDP in Year 27 a. $605. O b. $8,250 O c. $651. O d. $8,910. Moving to the next question prevents changes to this answer. O 9 Type here to search 3 esc ? 2 echapp. $ % a # 15 16Remaining Time: 46 minutes, 18 seconds. * Question Completion Status: Moving to the next question prevents changes to this answer. Question 16 If the government used counter-cyclical policy to eliminate an inflationary gap, what should it do? O a. Decrease its own spending or increase tax rates. O b. Increase its own spending or decrease tax rates. O c. Decrease its own spending and tax rates. O d. Increase its own spending and tax rates. Moving to the next question prevents changes to this answer. Type here to search O 9 esc 2 * 4 ? echapp. a $ % 2 13 15 6 8 @ Fike/take.jsp?course_assessment_id=_323050_1&course : Apps M Gmail YouTube Maps Tencent Gaming Bu.. Better Education - S... How to use the exe. Remaining Time: 45 minutes, 40 seconds. Question Completion Status: Year 1 Year 2 Quantity Price Quantity |Price Machines 20 $100 22 $105 Rice 100 110 $6 Tractors 10 $500 11 $540 Refer to the information above to answer this question. What is the value of real GDP in Year 2? a. $8,250. O b. $7,500. O c. $605. O d. $651. A Moving to the next question prevents changes to this answer, O 9 Type here to search 144 10 4 2 3 10 esc ? echapp. % & 8 9 a 15Gmail YouTube Maps Tencent Gaming Bu.. Better Education - S... How to use the Remaining Time: 45 minutes, 06 seconds. Question Completion Status: Table 1 depicts the market for mushrooms (in thousands of kilograms per month). Table 1 Price ($) 2.50 3.00 3.50 4.00 4.50 15.00 5.50 6.00 Quantity 64 demanded 62 60 58 56 54 52 50 Quantity supplied 40 44 48 52 56 60 64 68 Refer to Table 1 to answer this question. What are the values of equilibrium price and quantity traded? O a. $3 and 52. O b. $4 and 58. O c. $3 and 62. O d. $4.50 and 56. Moving to the next question prevents changes to this answer Type here to search O esc ? 12 3 * 10 4- echappQuestion Completion Status: Table 1 Price ($) 2.50 3.00 3.50 4.00 4.50 5.00 15.50 6.00 Quantity 64 62 60 58 demanded 56 54 52 50 Quantity 40 44 48 52 supplied 56 60 64 68 Refer to Table 1 to answer this question. What will happen if the price of the product is $3? O a. There would be a shortage of 18, which would lead to a decrease in price. O b. There would be a surplus of 18, which would lead to a decrease in price. O c. There would be a shortage of 18, which would lead to an increase in price. O d. There would be a surplus of 18, which would lead to an increase in price. 1 Moving to the next question prevents changes to this answer. Type here to search O 9 2 3 10 16 esc 10 ? chapp.Gmail YouTube Maps Tencent Gaming Bu... Better Education - S... How to Remaining Time: 58 minutes, 55 seconds. Question Completion Status: 12 8 D 20 30 40 Quantity Refer to Figure 1. At a price of $12, there is: O a. a surplus of 40 O b. a surplus of 10 O c. a surplus of 20 O d. a shortage of 20 Type here to search O 9 esc ? 12 - 10 echapp. @ # % 2 3 4 5 6 8 #newer after submission are prohibited. if answers are saved automatically. Remaining Time: 57 minutes, 07 seconds. Question Completion Status: Moving to the next question prevents changes to this answer. Question 4 If the quantity of money demanded exceeds the money supply, what will the interest rate do? O a. Fall, causing people to hold more money. O b. Rise, causing people to hold more money. O c. Fall, causing people to hold less money. O d. Rise, causing people to hold less money. Moving to the next question prevents changes to this answer. Type here to search O $4 4- esc ? X chapp # $ % @ 4 5 a E W E R T Y Qmaining Time: 56 minutes, 00 seconds. gestion Completion Status: Moving to the next question prevents changes to this answer. uestion 5 What is the effect of a shortage? O a. It will cause a decrease in the price, leading to a decrease in the quantity supplied and an increase in the quantity demanded. O b. It will cause a decrease in the price, leading to an increase in the quantity supplied and a decrease in the quantity demanded. O c. It will cause an increase in the price, leading to a decrease in the quantity supplied and an increase in the quantity demanded. O d. It will cause an increase in the price, leading to an increase in the quantity supplied and a decrease in the quantity demanded. Moving to the next question prevents changes to this answer Type here to search O 144 ? # $ % 6 2@ 3 4 E Y U O W T Q E R A D G H K S FQuestion Completion Status: 12 20 30 40 Quantity Figure 1 Demand and supply Refer to Figure 1. At a price of $4, there is: O a. a surplus of 10 b. a surplus of 20 c. a shortage of 20 O d. a shortage of 40 Type here to search O esc 4- + 14 ? * echapp @ $ % & 2 4 5 # a E Q W E R T Y U -1ist must be completed in one sitting. Do not leave the test before clicking Save and Submit. This test does not allow backtracking. Changes to the answer after submission are prohibited. Your answers are saved automatically. Remaining Time: 51 minutes, 58 seconds. Question Completion Status: > Moving to the next question prevents changes to this answer. Question 8 If you put some of your summer earnings into a safety deposit box at the bank, which function of money would you be using? a. A medium of exchange. b. A medium of exchange, a store of wealth, and a unit of account. O c. A store of wealth. O d. A unit of account. Moving to the next question prevents changes to this answer, Type here to search 9 4+ 144 esc 10 echapp. ? $ % & @ # 2 4 7 2 # @ E Q W E R T Y U P lock A S D G H K nayForce Completion Once started, this test must be completed in one sitting. Do not leave the test before clicking Save and This test does not allow backtracking. Changes to the answer after submission are prohibited. Your answers are saved automatically. Remaining Time: 51 minutes, 29 seconds. Question Completion Status: >Moving to the next question prevents changes to this answer. Question 9 If the real GDP per capita in 2014 is $36,000 and in 2015 it is $37,800, what is the economic growth rate? O a. 4.76% O b. 5.00% O C. -4.76% O d. 18.00% A Moving to the next question prevents changes to this answer. Type here to search O 9 S 3 4 5 6 4+ 144 2 10 4- esc ? chapp. % 13 8 2 5 a