Question 1 1 out of 1 points According to the aggregate demand and aggregate supply model‚ in the long run what is the impact of an increase in the money supply? Answer Selected Answer: It leads to increased price level‚ but there is no change in real GDP. Correct Answer: It leads to increased price level‚ but there is no change in real GDP. Question 2 1 out of 1 points Which of the following would make the price level decrease and real GDP increase?
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HBE613 ECONOMICS Higher Education Division Microeconomics Test Term 1‚ 2013 12.5% of Total Unit Marks (to be marked out of 20) Time Allowed: 1 hour Name: ______________________________________ Student ID: ______________________________________ Swinburne University of Technology‚ Sarawak Campus Short Answer Questions There are 4 questions in this section. Each question is worth 10 marks. ANSWER ANY TWO QUESTIONS (2x10=20 marks) Question 1 (2+4+2+2
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Instructions Total Marks 40 1. Exam is closed book 2. All questions in Part A and in Part B are compulsory 3. Each question in Part A carries 1 mark & each Question in Part B carries 10 marks 4. All Questions to be answered in the Question Booklet 1. In the diagram above‚ d and MR represent‚ respectively‚ the demand curve and the marginal revenue curve of an oligopolist. The kink in
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Assignment Business and Managerial Economics Teacher: Ellie Semsar Student Name: Robiul Islam Student ID: B0261DADA0410 Personal computers are very imperative in the current world of nowadays. Today‚ PCs hold fabulous consequence. Several numbers of us will be thrilled without a computer‚ as it becomes a part and parcel of our daily life. Computer becomes a significant tool for keeping archives. For computer data analysis become tremendously easy and we can do it now
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Revision questions 1. Define the term “consumer rationality” and outline the conditions that must be fulfilled for consumer rationality 2. Using indifference curves derive the demand curve for a normal good. 3. With the help of a diagram distinguish between the income effect and substitution effect of change in the price of a normal good. 4. Using an illustration‚ explain the concept of market equilibrium
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Questions economic policy • Point out the reasons why it’s worth an economy has a low inflation Low inflation promotes the efficient use of productive resources . Conversely ‚ when inflation is high time some individuals and some of the economic resources are invested in the search for mechanisms to fend off inflation. For example ‚ when inflation is high‚ companies should allocate more resources to the management of its portfolio to avoid financial losses . These are unproductive uses that
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Summer Reading: Naked Economics Chapter 1: The Power of Markets 1. What are the two basic assumptions that economists make about individuals and firms? The two basic assumptions that economists make is that individuals do what they can to make themselves as well off and prosperous as possible and that firms attempt to maximize profits. 2. What is the role and significance of prices in the market economy? With demand rising‚ the price of a particular item will usually go up. This means
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Economics questions Top of Form [pic][pic][pic] 1. Scarcity: [pic]A) exists because resources are unlimited while human wants are limited. [pic]B) means we are unable to have as much as we would like to have. [pic]C) will likely be eliminated as technology continues to expand. [pic]D) is not an issue addressed in economics. 2. Which of the following is true of resources? [pic]A) Resources are inputs used to produce goods and services. [pic]B) Labor is the mental and physical capacity
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Get the Best of MBA Useful guide about MBA options By cheapmba.org The information contained in this guide is for informational purposes only. You should always seek the advice of a professional before acting on something that we have published or recommended. Please understand that there are some links contained in this guide that we may benefit from financially. The material in this guide may include information‚ products or services by third parties. Third Party Materials comprise of the
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Question 1 1 / 1 point The most important factor behind the phenomenal American economic growth that occurred between 1840 and 1860 was manufacturing advancements. an increase in agricultural productivity an increase in agricultural productivity. an adequate supply of laborers. a constant influx of immigrants. Question 2 1 / 1 point In contrast to the Germans‚ Irish immigrants in the 1840s and 1850s often worked as skilled artisans in the northeastern U.S. cities
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