Remaining Time: 51 minutes, 30 seconds. Question Completion Status 106 16 126 136 141 151 165 7 185 191 205 21 221 236 241 25 261 271 28 290 305 314 321 8303 Moving to another question will save this response. Question 7 Economy of the United States Year Price of Quantity of Price of Quantity of Eggs Eggs (by the Gas Gas (in gallons) dozen) 2017 $1.25 400,000,000 $2.50 800,000,000 2018 $1.50 500,000,000 $2.75 900,000,000 2019 $1.50 500,000,000 $3.25 1,000,000, 2020 $3.00 600,000,000 $1.25 500,000,000 Refer to the table above. Assume the base year is 2018. Using the Consumer Price Index (CPI), what was the inflation rate in 2018? O a.-28.58% b. None of these O c. 12.17% O d. 13.95% O e. 1.00% Moving to another question will save this response. 75.F Q Search Mostly sunnye final exam for ECO 10350 Summer II 2023. Instructions There are 40 questions, multiple choice. You have 2 hours and 15 minutes to complete the exam. Make sure you have a good internet connection and nothing that will prevent you from completing Timed Test This test has a time limit of 2 hours and 15 minutes.This test will save and submit automatically when the time expires. Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test. Your answers are saved automatically. Remaining Time: 51 minutes, 41 seconds. Question Completion Status: 16 20 30 45 56 65 71 86 965 104 15 121 135 145 150 165 75 85 195 205 216 226 231 241 25 261 271 28 296 306 315 326 33 Moving to another question will save this response. Question 6 What is the difference between the GDP Deflator and CPI? O a. None of these O b. The GDP Deflator is unbiased while the CPI is biased. O c. There is no difference, the GDP Deflator and CPI are always equal O d. The CPI accounts for the entire economy of goods while the GDP Deflator only considers a subset O e. CPI always overstates inflation and the GDP Deflator always understates inflation Moving to another question will save this response. 75.F Q Search Mostly sunnyTest Information Description This is the final exam for ECO 10350 Summer I1 2023 Instructions There are 40 questions, multiple choice. You have 2 hours and 15 minutes to complete the exam. Make sure you have a good internet connection and nothing that will prevent you from completing the exam Timed Test This test has a time limit of 2 hours and 15 minutes.This test will save and submit automatically when the time expires. Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test. Your answers are saved automatically. Remaining Time: 52 minutes, 02 seconds. Question Completion Status; 10 20 31 40 50 60 75 85 90 105 115 12 135 149 1515 161 176 18 191 201 216 226 231 240 25 261 271 28 290 301 310 321 336 340 Moving to another question will save this response. Question 2 The existence of money leads to a. greater specialization in production, but not to a higher standard of living since double coincidence of wants is necessary. O b. None of these c. greater specialization in production, but not to a higher standard of living since double coincidence of wants is not necessary " d. greater specialization in production, and to a higher standard of living since double coincidence of wants is necessary e. greater specialization in production, and to a higher standard of living since double coincidence of wants is not necessary Moving to another question will save this response. Q Search 75#F Mostly sunnyBb Remaining Time: 51 minutes, 46 seconds. Question Completion Status: 10 21 36 40 56 64 76 8 93 106 116 126 136 145 156 165 176 18 195 205 215 220 231 245 25 261 275 28 296 301 314 321 320 340 170 - 160 - 150 140 130 120 410 00 90 Supply 80 70 60 Demand 20 10 310 12 14 16 18 20 22 24 26 28 30 Quantity of Loanable Funds Refer to the image above. What is the price elasticity of demand from Q=0 to Q-10 in the market for loanable funds? Use the midpoint method. a. 13/2 O b. 3/2 O c.2 O d. 2/3 e. None of these Moving to another question will save this response. 75.F Q Search D Mostly sunnyQuestion Completion Status: 16 20 0 40 56 65 75 85 96 106 116 121 130 145 156 165 175 181 195 201 215 226 236 241 25 261 271 28 291 301 316 326 2303 Moving to another question will save this response. Question 3 Economy of the United States Year Price of Quantity of Price of Quantity of Eggs Eggs (by the Gas Gas (in gallons) dozen) 2017 $1.25 400,000,000 $2.50 800,000,000 2018 $1.50 500,000,000 $2.75 900,000,000 2019 $1.50 600,000,000 $3.25 1,000,000,000 2020 $3.00 600,000,000 $1.25 500,000,000 Refer to the table above. In which year was the nominal GDP in the United States the lowest? O a. 2017 O b. None of these. c. 2019 O d.2018 O e. 2020 Moving to another question will save this response. 1 75.F Q Search Mostly sunnyme limit of 2 hours and 15 minutes.This test will save and submit automatically when the time expires. Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test. Your answers are saved automatically. Remaining Time: 51 minutes, 51 seconds. Question Completion Status: 1 45 56 63 76 85 95 106 115 125 135 145 156 165 785 195 205 215 226 231 241 25 261 271 28 291 306 310 Moving to another question will save this response. Question 4 The Federal Reserve set the discount rate to 5.5%. All of the following is true about the discount rate except? O a. It serves as a de facto price ceiling for the Federal Funds Market. O b. The discount rate is always higher than the upper target range of the Federal Funds Rate. O c. It serves as a de facto price floor for the Federal Funds Market. d. The discount rate is an additional tool the Federal Reserve uses along with open market operations to conduct monetary policy. e. None of these Moving to another question will save this response. 75 F Q Search a 90 Mostly sunnyBb Remaining Time: 51 minutes, 21 seconds. Question Completion Status: 10 20 31 45 51 61 75 86 90 105 110 126 136 145 156 165 176 186 195 209 216 226 235 241 25 260 276 28 295 305 315 325 33 345 350 365 170 160 150 140 130 120 1 10 - 100 - 8 8 Supply Demand 10 12 14 16 18 20 22 24 26 28 30 Quantity of Loanable Funds Refer to the image above. Lender's surplus in the market for loanable funds is what? Hint This is analogous to asking what is the consumer or producer's surplus; which one is it though? a. None of these O b. 400 c. 1600 O d. 800 e. 200 Moving to another question will save this response. 1 75 F Q Search D Mostly sunnyke Test: Final Exam Summer II 2023 Test Information Description This is the final exam for ECO 10350 Summer II 2023 Instructions There are 40 questions, multiple choice. You have 2 hours and 15 minutes to complete the exam. Make sure you have a good internet connection and nothing that will prevent you from completing the exam once you begin. All questions are independent of each other unless Timed Test This test has a time limit of 2 hours and 15 minutes.This test will save and submit automatically when the time expires. Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test. Your answers are saved automatically. Remaining Time: 52 minutes, 08 seconds. Question Completion Status: 16 24 30 40 50 61 76 86 94 105 116 121 130 145 150 165 175 185 191 205 216 226 236 240 25 260 27 28 291 306 814 32 834 346 351 365 376 385 395 405 Moving to another question will save this response. Question 1 The H-18 visa is a visa in the United States that allows companies to hire foreign workers temporarily in specialty occupations. To understand why this visa exists, suppose the labor force remains constant but capital increases at a steady pace for 20 years. The result would be a, a decrease in real GDP since there are not enough workers to use all the capital. Increasing the labor force would be necessary to increase real GDP. O b. None of these c. an increase in real GDP at a decreasing rate due to diminishing returns on capital. Increasing the labor force would only reduce this growth rate more. d. an increase in real GDP but at a decreasing rate due to the diminishing returns on capital. Increasing the labor force would then be able to further increase the rate of real GDP growth. e, an increase in real GDP at an increasing rate due to constant returns on capital. Increasing the labor force would increase real GDP but at a decreasing rate Moving to another question will save this response. Q Search