I apologize for the length of this. I know it's a lot, but I have to complete this study guide. Thank you for your help.

Question 41(1 point)

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Part time workers are counted as

Question 41 options:

	unemployed which overstates unemployment.
	fully employed which overstates employment.
	not in the labor force.
	none of the above.

Question 42(1 point)

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Which of the following is a structurally unemployed worker?

Question 42 options:

	a computer tech looking for work
	an industry factory worker whose skills are no longer marketable due to technology.
	a laid off auto mechanic whose company went out of business.
	none of the above.

Question 43(1 point)

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Which of the following constitutes unemployment occurring at the natural rate of unemployment?

Question 43 options:

	frictional + cyclical unemployment
	structural + frictional unemployment
	cyclical + structural unemployment
	frictional + structural + cyclical unemployment

Question 44(1 point)

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Who isleastlikely to be hurt by unanticipated inflation?

Question 44 options:

	a disabled laborer who is living off accumulated savings
	a secretary
	owners of real estate
	a pensioned steelworker

Question 45(1 point)

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Unanticipated inflation benefits debtors at the expense of creditors.

Question 45 options:

	True
	False

Question 46(1 point)

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Inflation initiated by rising consumer income is labeled

Question 46 options:

	demand-pull inflation
	demand-push inflation
	cost-push inflation
	cost-pull inflation

Questions From Textbook Chps. 8, 9, 10 And Instructor Notes On Aggregate Demand & Supply & Aggregate Expenditures

Questions From Textbook Chps. 8, 9, 10 And Instructor Notes On Aggregate Demand & Supply & Aggregate Expenditures

Question 47(1 point)

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The aggregate demand (AD) and aggregate supply (AS) model is based upon the theory that levels of AD and AS determine the level of GDP in the economy.

Question 47 options:

	True
	False

Question 48(1 point)

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Based upon the AD and AS model, fluctuations in AD and AS can cause

Question 48 options:

	increases and decreases in real GDP.
	unemployment.
	inflation.
	all of the above.

Question 49(1 point)

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The variable on the horizontal axis of the AD/AS graph is ______________ and the variable on the vertical axis is ______________.

Question 49 options:

	aggregate spending; real GDP
	real GDP; average price level (APL)
	real GDP; aggregate spending
	average price level (APL); real GDP

Question 50(1 point)

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The AD/AS curves represent the demand and production of real GDP that would exist at various average price levels.

Question 50 options:

	True
	False

Question 51(1 point)

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The downward sloping to the right of the AD curve is due to

Question 51 options:

	the wealth/real balance effect.
	the interest rate effect.
	the international/foreign purchases effect.
	all of the above

Question 52(1 point)

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The long run aggregate supply (LRAS) curve

Question 52 options:

	represents full employment GDP.
	is horizontal on the AD/AS graph.
	A and B
	not able to be shown on the AD/AS graph.

Question 53(1 point)

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Variables other than price can affect the aggregate demand and supply of GDP and cause shifts in AD and AS curves.

Question 53 options:

	True
	False

Question 54(1 point)

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Match the following determinants/shifters with the correct AD or SRAS curve they affect.

Question 54 options:

12	Foreign economic conditions.
12	currency exchange rate
12	Cost of resources including labor capital and land.
12	productivity/technology
12	consumer wealth

1.	SRAS
2.	AD

Question 55(1 point)

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Macroeconomic equilibrium occurs in the short run where the AD curve intersects the SRAS curve.

Question 55 options:

	True
	False

Question 56(1 point)

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Long run macroeconomic equilibrium occurs when the short run equilibrium is located on the LRAS curve.

Question 56 options:

	True
	False

Question 57(1 point)

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Question 57 options:

	increase; increase
	decrease; decrease
	decrease; increase
	increase; decrease

Question 58(1 point)

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Based upon the graph below, APL will ___________ and real GDP will ____________ when $ in circulation decreases. ( hint: determine which curve is affected, which way it will shift and the new equilibrium APL and real GDP.)

Question 58 options:

	increase; decrease
	increase; increase
	decrease; increase
	decrease; decrease

Question 59(1 point)

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Using the AD/SRAS graph below, if the dollar appreciates, APL will ___________ and real GDP ___________.( hint: determine which curve is affected, which way it will shift and the new equilibrium APL and real GDP.)

Question 59 options:

	decrease; decrease
	increase; increase
	increase; decrease
	decrease; increase

Question 60(1 point)

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The AD/AS and Aggregate Expenditure models/graphs

Question 60 options:

	are tools that are not used to analyze macroeconomic problems.
	are similar tools used to analyze GDP fluctuations, unemployment and inflation problems and evaluate possible solutions to correct these problems.
	show the relationship between AD, AS, aggregate expenditures and real GDP.
	B and C above.

Question 61(1 point)

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The Aggregate Expenditure or Keynesian macroeconomics model is based upon the theory that the level of GDP in the economy is determined by the level of aggregate spending.

Question 61 options:

	True
	False

Question 62(1 point)

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Changes in the aggregate expenditures equation C+Ig+G+X-M (or Xn, Nx) can be used to identify macroeconomic problems.

Question 62 options:

	True
	False

Question 63(1 point)

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According to the consumption function, the most important variable affecting planned "C" is ____________ and the most important variable affecting planned "Ig" is _______________________.

Question 63 options:

	interest rate; income
	income; income
	income; interest rate
	wealth; expectations

Question 64(1 point)

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Capital expenditures for machinery and equipment, all construction including residential and net added inventory are all included in gross investment spending Ig.

Question 64 options:

	True
	False

Question 65(1 point)

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Government purchases of products/services and transfer payments are included in "G" in the spending formula C+Ig+G+X-M (+Xn).

Question 65 options:

	True
	False

Question 66(1 point)

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A business firm should continue to invest in capital as long as

Question 66 options:

1234	the ________________ on investment
1234	exceeds the ______________.

1.	expected life
2.	interest rate
3.	technology level
4.	expected rate of return

Question 67(1 point)

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Question 67 options:

Assume a person's income is $2,500 per month and they receive a raise to $3,100 per month. Further assume they spend $450 of the $600 raise. (Note: your answers should be in decimal format.) What is their MPC?

What is their MPS?

Question 68(1 point)

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Question 68 options:

Assume a person's income is $2,500 per month and they receive a raise to $3,100 per month. Further assume they spend $450 of the $600 raise. What is the income (spending) multiplier? (Note: your answer should be in the following format: 0.0.)

Question 69(1 point)

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Question 69 options:

	.15
	.50
	.80
	.90

Question 70(1 point)

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Question 70 options:

	3.5
	5.0
	6.67
	none of the above.

Question 71(1 point)

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When the MPC increases the income/spending multiplier _____________. When the MPC decreases the income/spending multiplier ____________.

Question 71 options:

	increases; decreases
	decreases; increases
	increases; no change
	decreases; no change

Question 72(1 point)

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Question 72 options:

	True
	False

Question 73(1 point)

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Question 73 options:

	True
	False

Question 74(1 point)

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Question 74 options:

	True
	False

Question 75(1 point)

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Question 75 options:

	True
	False

Question 76(1 point)

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Injections into spending that increase GDP production are gross investment (Ig), government purchases (G) and exports (X) and leakages from spending are savings (S), taxes (T), and imports (M).

Question 76 options:

	True
	False

Question 77(1 point)

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Which of the following choices is correct?

Question 77 options:

12	When spending injections > spending leakages, real GDP will _____________.

1.	increase
2.	decrease

Questions From Instructor Notes on Theories And Analyses Of Macroeconomic Problems

Questions From Instructor Notes on Theories And Analyses Of Macroeconomic Problems

Question 78(1 point)

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Based upon the following AD/AS Model Graph, which of the following statements is (are) correct?

Question 78 options:

	the equilibrium is undesired
	unemployment exists in the economy
	the equilibrium is desired
	inflationary pressure exists in the economy
	A and B above

Question 79(1 point)

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The above graph shows what economist call a ________________ gap.

Question 79 options:

	employment
	recessionary
	inflationary
	demand/supply

Question 80(1 point)

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Steps taken to shift the AD or SRAS curves to the right would help resolve the problem shown on the graph below.

Question 80 options:

	True
	False

Question 81(1 point)

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Which of the following actions could be implemented to help resolve the problem shown on the following graph?

Question 81 options:

	increase in government purchases and transfer payments
	increase in economic conditions in foreign countries
	reduction in income taxes
	increase in technology
	reduction in worker wages or other resource costs
	all of the above

Question 82(1 point)

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What macroeconomic problem exists on the following Aggregate Expenditures Model (Keynesian) Graph?

Question 82 options:

	unemployment
	inflation
	lack of sufficient spending
	none of the above

Question 83(1 point)

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The above graph shows what economist call a __________________ gap.

Question 83 options:

	GDP
	recessionary
	inflationary
	demand/supply

Question 84(1 point)

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Could steps be taken to shift the aggregate spending curve on the graph below to resolve the problem it shows in the economy?

Question 84 options:

	True
	False

Question 85(1 point)

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Which of the following actions could be taken to help resolve the macroeconomic problem shown on the graph below?

Question 85 options:

	increase interest rates
	rise in government purchases
	reduction in the money supply
	increase in taxes
	A, C and D above

Question 86(1 point)

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Demand pull inflation is shown by a ____________ shift in the aggregate demand curve.

Question 86 options:

	right
	left

Question 87(1 point)

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Cost push inflation is shown by a ___________ shift in the short run aggregate supply curve.

Question 87 options:

	right
	left