Question 9 Homework . Unanswered Which of the following would be included in the cons ment of GDP? Purchase of a new home Movie ticket sales Purchase of used clothes Purchase of a baseball card collection at a yard sale answered . 1 attempt left Submit Question 10 Homework - unanswered Which of the following people wo ect an answer a A member of Congress after their term ends and they are not re-elected A high school student who stops working a summer job because of school starting A taxi driver who loses their job because of the increasing popularity of Uber. A person laid off from his job Question 11 Homework . Unans You are trying to decide whether to use the GDP deflator or the CPI to calculate the inflation rate in an economy. You will decide to use the GDP deflator if er and submit. For key you want to make sure you include all transactions that take place in the economy you want to make sure you include all goods and services captured in GDP you are only concerned about prices that firms face you are only concerned about prices consumers face Unanswered . 1 attempt left Submit Question 12 Homework . Unanswe Which of the following would be most likely to increase co Select an answer and submit. For keyboard A reduction in consumer credit card debt b A drop in stock prices c A higher interest rate The expectation of lower future prices Question 13 Homework . Unanswered Which of the following would not increase autonom Select an answer and submit. For keyboard elect an answer. Increased household wealth b A lower interest rate Expectations of greater future income Increased disposable income. Unanswered . 1 attempt left Submit Commodity money is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. money that is backed by gold. b money with intrinsic value c any currency made of paper. d anything that serves as a means of payment by government declaration. Question 15 Homework . Unanswered If the output level is such that the Y=AE line (45-degree line) is below the aggregate expenditure line, which of the following is true? Select an answer and submit. Aggregate expenditure is greater than output, so inventories will decrease and output will increase. Aggregate expenditure is less than output, so inventories will increase and output will decrease. Aggregate expenditure is less than output, so inventories will decrease and output will increase. Aggregate expenditure is greater than output, so inventories will increase and output will decrease. Unanswered . 1 attempt left Submit Question 16 Homework . Unanswered The aggregate demand curve Select an answer and submit. For keyboard navigation, use the W/down arrow keys to select an answer. only shifts when prices change b is downward sloping because the Federal Reserve a change in the interest rate. c represents equilibrium in both the money market and Y= AE/Aggregate Expenditures model. d none of the above are correct Question 17 Homework . Unanswered You are examining whether a recession was driven by a negative aggregate conclude that the recession is driven by a negative supply shock if shock. You will Select an answer and submit. For keyboard a prices fall b the Federal Reserve reacts by decreasing the money supply more people lose their jobs than expected prices rise Inanswered . 1 attempt left Submit