The graph below shows the AD-AS diagram for Spain. All numbers are in billions. 1. What is the size of real GDP in the short-run equilibrium? answer "a". 2. What is the price level in the short-run equilibrium? answer "b". 3. What is the level of Potential GDP in Spain? answer "c"
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The graph below shows the AD-AS diagram for Spain. All numbers are in billions.
1. What is the size of real
2. What is the price level in the short-run equilibrium? answer "b".
3. What is the level of Potential GDP in Spain? answer "c".
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- Why would you rather use real variables in an economic analysisA Course Modules: ECO-261-42 - S X * MindTap - Cengage Learning + 8 https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=5982812366321327711334359447&elSBN=9780357133606&id=105044... Elle v « CENGAGE MINDTAP Q Search this course A My Home Homework (Ch 14) 7. Short-run supply and long-run equilibrium Courses Consider the competitive market for copper. Assume that, regardless of how many firms are in the industry, every firm in the industry is identical and O Catalog and Study Tools faces the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves shown on the following graph. A-Z Partner Offers EE Rental Options College Success Tips Career Success Tips 80 RECOMMENDED FOR YOU 72 64 56 Study Hacks bongo ATC Student Tips on Balancing Multiple Finals 24 Help AVC 16 Give Feedback MC O 8 0 4 8 12 16 20 24 28 32 36 40 QUANTITY (Thousands of pounds) 9:06 PM O Type here to search W 3/31/2021 COSTS (Dollars per pound)In the context of econometrics, what does establishing Granger causality between two variables imply? A. There is a long-term equilibrium relationship between the variables. B. Past values of one variable can be used to predict the future values of another variable. C. There is a theoretical economic relationship between the variables. D. The variables are correlated.
- A teacher observes that the mitterm grades of students in the class varies depending on “the number of classes that the student takes”, “the difficulty of the assignments”, and the “stress experienced by the student”. She assigns to you the task of doing a research project on this and wants you to do the following: a. Give the project a suitable title b. What is the research question? c. Clearly label the variables (dependent and independent) d. Develop three hypothesesSession 2 Questions 44 and 45 are open-response questions. ws BE SURE TO ANSWERAND LABEL ALL PARTS OF EACH QUESTION. Show all your work (diagrams, tables, or computations) in your Student Answer Booklet. If you do the work in your bhead, explain in writing how you did the work. Write your answer to question 44 in the space provided in vour Student Answer Booklet. The graph below shows the birth rate and the death rate of a mouse population ovet a three-year period. The immigration rate and the emigration rate of the population are equal. 44 Birth Rate and Death Rate of a Mouse Population Year 3 Year 2 Year 1 Time Key Death rate Birth rate a. Describe what happens to the size of the population for each year shown on the graph. Explain your answers. b. Identify three factors that could affect the death rate of the mouse population, and explain why each factor affects the death rate. 100 rient. Birth and Death RatesMindTap x Ⓒ Soup is a x ← → с ✰ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=59843379946929954870904&elSBN=9780357133699&snapshotId=3439015&id=1773304072& Shontrell ✓ My Home Courses myUT X ? Help Catalog and Study Tools Rental Options College Success Tips Career Success Tips Give Feedback « CENGAGE MINDTAP Exam 2 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. Econ Cha x Q Econ mid x 49. 50. O O O O O O O O O O O O At a price X 0 Icon Key New Tab x G-7. Using X G chegg-GX 31 Refer to Figure 5-7. Using the midpoint method, what is the price elasticity of supply between point B and point C? O a. 1.29 O b. 1.44 O c. 0.69 O d. 0.96 O Figure 5-7 10 Supply 9 8 7 с K 6 5 4 3 2 1 50 100 150 200 250 300 350 400 450 500 QUANTITY Home | b x + Q < Q Search this course Jun 3 X LOX : ? A-Z ▬ N "k bongo C ► # O 12:05 5 ▼ 0