Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Macroeconomics

Authors: Robert C. Feenstra, Alan M. Taylor

Fourth Edition

1319061729, 978-1319061722

Students also viewed these Economics questions