Question 1 (2 points) 4)) Listen V What of the following is an example of a transaction motive for holding money? 0 You sell a painting because you are worried that the value may change, you deposit the cash in your chequing account. O Concerned about the fluctuations of the stock market, you sell stock and keep cash in your brokerage account. Q You keep $50 in your glove compartment just in case you run out of gas. Q You go to Nova Scotia with a large sum of money in order to complete your holiday shopping. Previous Page Next Page Page 1 0f 30 0 of 30 questions saved Question 2 (2 points) Listen Page 2: 2 If the unemployment rate and the inflation rate both increase simultaneously, what curve will shift right? the AD Page 3: O the Phillips curve 3 O the LRAS Page 4: O the SRASQuestion 3 (2 points) 19 Listen P What is the impact on disposable income and consumption when taxes are increased? O Disposable income decreases, leading to an increase in consumption. O Disposable income decreases, leading to a decrease in consumption. 0 Disposable income increases, leading to an increase in consumption. 0 Disposable income increases, leading to a decrease in consumption. Question 4 (2 points) 1)) Listen F Due to the time lag, when are the major effects of a change in monetary policy usually felt? O 172 months 0 46 months 0 12 months 0 18-24 months 1 Question 5 (2 points) Listen Page 2: Why is the demand for inputs known as a derived demand? 2 The demand for output leads producers to demand inputs used to produce finished goods. Page 3: It is derived from the need for income. 3 O It is due to the diminishing marginal product of inputs. It corresponds to the derived supply of the inputs. Page 4: Previous Page Next Page Page 5 of 30 4the results of an investigation into the matter, as portrayed in Graphs A and B. AWWW lmMK-um Whom Refer to Figure 11-1, If the federal government were to impose a wage rate of W A for teachers, what would the expected result be? 0 a teacher shortage of Q3 Q1 0 a teacher surplus of Q3 Q] Q a teacher shortage of Q3 Q2 0 a teacher surplus of Q2 Ql Previous Page Next Page Page 8 Of 30 Question 8 (2 points) all Firms with union contracts do a large portion of the painting jobs in the county. If the painters' union wins a 12 percent wage increase, what will most likely happen in the nonunionized part of the painters' labour market? There will be NO change in the nonunionized part of the painters' labour market because these sectors are NOT connected. O Many nonunion painters will likely nd work for a rm with a union contract. 0 Nonunion painters will also receive a 12 percent wage increase. O Wage rates in the nonunion sector are likely to fall. Previous Page Next Page Page 8 0f 30 Previous Page Next Page Page 10 0f 30 Question 10 (2 points) all In January 2019, the labour force in Mount Pleasant was 8000. There were 6600 persons employed. What was the local unemployment rate? Previous Page Next Page Page 10 0f 30