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I need answers to the following please. 47. Given this information. which of the following statements is correct? (A) X has a comparative advantage in

I need answers to the following please.

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47. Given this information. which of the following statements is correct? (A) X has a comparative advantage in the production of both food and clothing. (B) Y has a comparative advantage in the production of both food and clothing. (C) X has a comparative advantage in food produaion. whereas Y has a comparative advantage in clothing production. (D) Y has a comparative advantage in food producuon. whereas X has a comparative advantage in clothing production. (E) Neither country has a comparative advantage in the production of either good. Which of the following groups of people would benet from unanticipated ination? I. Savers II. Borrowers III. lenders (A) Ion!!! (B) 11 only (C) 111 only to) I and u only (E) I and 111 only 50. If a large increase in total spending has no effect 51. on real gross domestic product. it must be true that (A) the price level is rising (B) the economy is experiencing high unemploy- mm (C) the spending multiplier is equal ml (D) the economy is in short-run equilibrium (E) aggregate supply has increased According to Keynesian theory. the most impor tant determinant of saving and consumption is the (A) interest rate (B) price level (C) level of income (D) level of employment (E) exibility of wages and prices \f54. 55. (E) Decrease Decrease If crowding out only partially offsets the effects of a tax cut. which of the following changes in interest rates and gross domestic product are most likely to occur? Gross Domestic We; % (A) Increase Increase (3) Increase Remain unchanged (C) Increase Decrease (DJ Remain unchanged Increase (E) Decrease Decrease All of the following are components of the money supply in the United States EXCEPT (A) Paper mm? (B) gold bullion (C) checkable deposits (D) coins on demand deposits 5?. According to both monetarista and Keynesians, which of the following happens when the Federal Reserve reduces the discount rate? (A) The demand for money decreases and market interest rates decrease. (B) The demand for money increases and market interest rates increase. (C) The supply of money increases and market interest rates decrease. (D) The supply of money increases and market interest rates increase. (E) Both the demand for money and the supply of money increase and market interest rates increase.

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