econ questions, give correct answers. multiple answers possible in some questions

Question 15 (1 point) Consider a small economy in which only two final goods are produced domestically: 2021 2022 Quantity of dumbphones 1,000 1,200 Price of dumbphones (dollars) 50 55 Quantity of bikes 500 600 Price of bikes (dollars) 350 400 O The 2022 Real GDP (thousands of 2021 dollars) is 225 O The 2022 Real GDP (thousands of 2021 dollars) is 270 O The 2022 Real GDP (thousands of 2021 dollars) is 306 0 None of the above Question 16 (1 point) The relationship between economic growth and employment is: 0 Always negative 0 Always positive 0 Generally, but not always positive 0 Generally, but not always negative Question 17 (1 point) The labor force participation rate in Canada would likely decrease if, all else equal: 0 The government increases access to affordable childcare O A large fraction of people in their 505 and early 60$ retires early 0 Improved economic prospects reduce the number of discouraged workers 0 None of the above Question 18 (1 point) The official unemployment rate is expected to decrease if, all else equal: 0 Ontario launches a placement service that cuts the time needed by new graduates to find jobs 0 Many workers who were on part-time jobs switch to full-time jobs 0 Many workers who were on minimum-wage jobs are able to find high-paying jobs 0 None of the above Question 19 (1 point) Higher-than-expected inflation benefits: O Borrowers who took loans at a fixed nominal interest rate Q Nobody: everyone is worse off when inflation grows more than expected 0 Wealthy consumers who can still afford expensive goods and services 0 Lenders who extended loans at a fixed nominal interest rate Question 20 (1 point) Which of the following statements are true about the Cobb-Douglas aggregate production function? (Select all that apply) It shows that long-run real GDP growth must eventually reach zero because of diminishing returns D It shows by how much aggregate output responds to changes to one input at a time D It shows by how much real GDP per worker grows in response to increases in capital per worker D All of the above