QUESTION 26 Cyclical unemployment may be caused by: recent graduates entering the labour market a deficiency of aggregate demand technological advancement O globalization O none of the above QUESTION 27 Everything else being equal, an increase in the price level will; increase real GDP increase nominal GDP increase both nominal and real GDP expand the PPC curve outward O none of the above QUESTION 28 The basic sources of increases to a country's GDP include; an increase to the LFPR O investment in physical capital O investment in the education and health of citizens O investment in infrastructure O any, or all of the above QUESTION 29 Which of the following is a valid description of economic growth? O an increase in an economy's real GDP O an outward shift of an economy's PPC O a real increase in the output produced by an economy (over last years output) O all of the above QUESTION 30 An under employed worker . O is counted as both in the Labour Force and employed (by StatsCan) O may in fact have a great resume but could only find a job that they are seriously overqualified for O may in fact have a preference for working full time but the employer only offers part time hours O all of the above Click Save and Submit to save and submit. Click Save All Answers to save all ansteers.Understanding de... Remaining Time: 29 minutes, 54 seconds. Question Completion Status: QUESTION 21 Which of the following is a normative statement? Canada has the 5th highest GDP/capita in the world. Over 60% of the students in this class will obtain a final grade of 70% or higher. Economics courses are more important than accounting or marketing courses. ()the NRU in Canada is estimated to be around 5 or 6%% high interest rates are the appropriate response to inflation QUESTION 22 Gross Domestic Product (GDP) is; the total amount of money spent in an economy on (final) consumer goods and services in one year the value of exports minus imports the total (S) value of all goods and services produced in an economy in one year the sum of an economy's exports and imports the supply of money in the economy (M 1) times the velocity of money. QUESTION 23 The Labour Force Population in a certain economy is 250,000 and there are 200,000 people in the labour force. There are 175,000 employed individuals. Refer to the above dat 2.5% O 12.5 % 10 % 0 7% QUESTION 24 In the Canadian economy, frictional unemployment; wil occur when students graduate and start looking for work ( will occur as people move to other parts of this country is an outcome of normal economic activity in the labour market O may in fact increase as Canadians hold out for an interesting and meaningful job rather than taking the 1stone available. O all of the above QUESTION 25 The Phillips Curve illustrates a trade off between; wage inflation and the CPI the rate of inflation and the UR unemployment and real output fiscal policy and monetary policy Click Save and Submit to save and submit, Click Save All Answers to save all insight here to search W STRIX