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- If inflation rises unexpectedly by 5, indicate for each of the following whether the economic actor is helped, hurt, or unaffected: A union member with a COLA wage contract Someone with a large stash of cash in a safe deposit box A bank lending money at a fixed rate of interest A person who is not due to receive a pay raise for another 11 monthsIn theory, inflation not only ______ the value of consumers' money over time, but it also increases the ____ of producers over time. a.Decreases, wages b.Increases, interest rates c.Decreases, unemployment d.Increases, real GDPDuring recessions, output a. rises, and unemployment falls b. falls, and unemployment rises c. and unemployment both rise d. and unemployment both fall
- Which policy measure may reduce demand-pull inflation but increase cost-push inflation? Pick a,b,c, or d A. A rise in government spending on training B. A decrease in import tariffs C. A rise in the rate on interest D. A decrease in corporation taxMatilda just graduated from college. In order to devote all her efforts to college, she didn't hold a job. She is going to tour around the country on her motorcycle for a month before she starts looking for work.Other things the same, the unemployment rate Select one: a. and the labor-force participation rate both increase. b. and the labor-force participation rate are both unaffected. C. increases and the labor-force participation rate decreases. d. increases and the labor-force participation rate is unaffected.Which of the following events raises the nominal interest rate, other things remaining the same? A. The increased use of mobile wallets B. The Fed makes an open market purchase C. An increase in the monetary base D. A rise in the price level Thank you
- In the short run, an increase in the quantity of money in the economy causes: a. A decrease in production and an increase in unemployment b. An increase in both production and unemployment c. An increase in production and a decrease in unemployment d. A decrease in both production and unemploymentIf the central bank raises the inflation target by 3%, we would expect that: A. the real interest rate will decrease by less than 3% in the medium run B. the real interest rate will not change in the medium run C. the real interest rate will decrease by exactly 3% in the medium run D. the real interest rate will increase by less than 3% in the medium run E. the real interest rate will increase by exactly 3% in the medium runO Macmillan Learning Use the graph to answer the question. If the economy is INITIALLY at E₂ in the short run and sells Treasure bills, then what will the new level of unemployment be? Aggregate price level 102 Macmillan Learning 100 Inflation rate 2% Inflation rate 0000 4%. (zero. 6%. 2%. 2% 0 E₁ E₂ E2 $10 $10.4 3 AD₁ 4 SRAS E₂ AD₂ Real GDP (trillions of dollars) $10 $10.4 6% AD₁ E₁ Real GDP (trillions of dollars) Unemployment rate
- Let's say the inflation rate in an economy turns out to be higher than expected. Will the following people, or bank, be affected? Helped, hurt, or unaffected? a. Someone keeping a large quantity of cash in a shoe box in their closet. b. A bank lending money at a fixed rate of interest c. A union member with a COLA wage contract d. A person who is not due to receive a pay raise for another 11 monthsWhich statement correct describes the U.S. unemployment rate? The U.S. unemployment rate _______. A. shows a downward trend B. increases in recessions C. is calculated as the percentage of the labor force who are unemployed or discouraged D. is calculated as the percentage of the labor force who are unemployed or who are working part time and would like full-time workE1 There is a danger that some countries will experience stagflation. Use a graph(s), define and explain stagflation and its consequences. A news article stated that the unemployment rate decreased by 0.25 percent whilst the participation rate increased by 0.4 percent respectively. Explain if this Is a positive for the economy. Use appropriate terminologies to explain why and how the reserve bank of Australia is raising the cash rate? In your answer address how an increase in the cash rate will affect aggregate expenditure and economic growth.