Question
Q2. Suppose that as a result of the government policy we expect a permanent decrease in the flow of migrant workers into the United States.
Q2.
Suppose that as a result of the government policy we expect a permanent decrease in the flow of migrant workers into the United States. As a result, we can expect
Select one:
a. a right-ward shift in the short-run aggregate supply curve
b. a left-ward shift in the long-run aggregate supply curve
c. this will not have any effect on the US economy in the short or long run
d. a right-ward shift in the aggregate demand curve
Q3.
An Australian firm produces software in the UK, its market value will be included in
Select one:
a. the UK's GDP.
b. Australia's GDP.
c. neither Australia's nor UK's GDP as it is counted towards National Product
d. Both Australia's and UK's GDP
Q4.
Which of the following could decrease potential GDP?
Select one:
a. An increase in the size of the labour force
b. An increase in cyclical unemployment
c. A moratorium on foreign investment in certain industries
d. Positive technological change
Q5.
Because Australia is an open economy, when RBA pursues a contractionary monetary policy we expect
Select one:
a. Australian dollar to depreciate in value
b. Australian dollar to appreciate in value and next exports to decrease
c. Australian dollar to appreciate in value and next exports to increase
d. Australian dollar to depreciate in value and next exports to increase
Q6.
The demand for restaurant meals increases as the government-imposed lockdown laws are gradually relaxed. As a result, restaurants hire more workers. This would lead to a decrease in
Select one:
a. frictional unemployment
b. natural unemployment
c. structural unemployment
d. cyclical unemployment
could you please only tell me the answers to these multiple choice questions
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started