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Need help confirming my practice exam answers are correct and using this as a study guide Principles of Macroeconomics: Econ 215 Exam 2 FIRST NAME:

Need help confirming my practice exam answers are correct and using this as a study guide

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Principles of Macroeconomics: Econ 215 Exam 2 FIRST NAME: LAST NAME: POINTS: 10/question. NOTE: NEATLY SHOW ALL YOUR STEPS and GRAPHS WHEREVER APPLICABLE. I Analytical/Conceptual 1. In each scenario determine the effects (up/downo change) on the CPI and the GDP deflator. ' Impact on CPI | Impact on GDP Deflator A. Starbucks raises the price of Frappuccinos it sells in the U.K. B Armani raises the price of the Italian jeans it sells in the U.S. 2. Classify each of the situations into the different types of unemployment. A. Economic boom causes the demand for data scientists to rise: B. A financial analysts leaves a government job and is searching to job in a private industry: C. The use of robots in manufacturing causes job loss for some workers : 11 Graphical Note: Be careful while labeling the axis. Points will be deducted for incorrecto labels. 3. Graphically show the impact of following situations on the specified graphs. (a) Effect of a negative demand shock in (b) Effect of a positive short run supply shock inflationary gap. in recessionary gap. L L] 4. Graphically show the impact of following situations on the specified graphs. (a) Effect of a positive demand shock in short (b) Effect of a positive demand shock in long run. run. L] L ITIT Numerical 5. Consider a simple economy producing pizza and cups of coffee. The price and output data for each of the year are as follows. 2021 Price($) 2021 Qutput 2022 Price($) 2022 Qutput Pizza 10 5 15 4 Coffee 5 4 6 5 Compute GDP Deflator for 2022 6. A typical consumer buys 5 pizza and 10 cups of coffee. The price per unit is given below. Complete the following table with 2020 as the base year. 2020 2021 2022 | 2021 2022 Pizza 8 12 9 Coffee 4 5 3 (a) Cost of the Basket (b) CPI (c) Inflation rate e

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