Question

The Keynesian_____-price model is represented by a_______aggregate supply curve. a variable; vertical b fixed; vertical c...

The Keynesian_____-price model is represented by a_______aggregate supply curve.

a variable; vertical
b fixed; vertical
c variable; horizontal
d fixed; horizontal

If government spending and taxes increase by the same amount, equilibrium real GDP_____.

a rises
b falls
c remains constant
d none of the above

An artificial unit of account that is an average of the values of several national currencies.

a International Reserve Asset
b International Reserve Currency
c Composite Currency
d European Currency Unit

The official policymaking body of the Federal Reserve System

a Federal Open Market Committee
b Federal Open Board
c Board of Governors Committee
d Federal Governors Board
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The model showcased by Keynesians is that of sticky price of fix price which assumes that since prices are sticky in short run, there is a perfectly elastic or horizontal aggregate supply curve. Option D. fixed; horizontal

It should rise by the size of multiplier which in this case is 1. Hence it rises by the same size as that of the government increase. Option A. Rises

It is a composite currency because it is composed of values of several currencies. Option C.

Its the FOMC, Option A.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which of the following is NOT represented in the acronym CAMELS? A) Credit B) asset quality...
Which of the following is NOT represented in the acronym CAMELS? A) Credit B) asset quality C) Liquidity D) Earnings ________ is a bank regulator's choice not to shut down an insolvent bank. A) Forbearance B) Reassurance C) Relief D) Decision The president of the Federal Reserve Bank of ________ always sits on the FOMC. A) Philadelphia B) Washington, DC C) Chicago D) New York The federal funds rate target is determined by the: A) Office of the Comptroller of...
PART 1a: In the fixed-price Keynesian model, wages may be sticky due to institutional constraints such...
PART 1a: In the fixed-price Keynesian model, wages may be sticky due to institutional constraints such as minimum wage laws or union contracts. True or false PART 1b: Assume a model with a downward-sloping aggregate demand curve and an upward-sloping aggregate supply curve.  In this model, a decrease in aggregate supply will lead to an increase in real GDP and a decrease in the price level. True or false. Part 2a. In the Keynesian monetary policy transmission mechanism, a. the money...
1. Suppose the national income is $850 billion, mpc = 0.8 and autonomous consumption is $60...
1. Suppose the national income is $850 billion, mpc = 0.8 and autonomous consumption is $60 billion. What is the level of consumption spending (in $ billions)? (Hint the C component in the aggregate expenditure approach to calculating GDP, also just write the value and not the $ or billions afterwards) ? 2. Some money is backed by gold, others are commodity money, the U.S. uses money backed by the declaration of the U.S. government. What type of money is...
2: bank subject to reserve requirements set by the federal reserve system include a: only nationally...
2: bank subject to reserve requirements set by the federal reserve system include a: only nationally chartered banks b: only banks with assets less than $100 million c: only banks with assets less than $500 million d: all banks whether or not they are members of the federal reserve system 3: which of the following is functions is NOT performed by any of the twelve regional federal reserve banks? a: check clearing   b: conducting economic research    c: setting interest rates...
As the level of activity decreases: a) fixed cost per unit decreases. b) variable cost per...
As the level of activity decreases: a) fixed cost per unit decreases. b) variable cost per unit decreases. c) variable cost per unit increases. d) fixed cost remains constant in total.
Grab the "best hits" of information out of the document and write a summarizing 1 page....
Grab the "best hits" of information out of the document and write a summarizing 1 page. Information received since the Federal Open Market Committee met in January indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Job gains have been strong in recent months, and the unemployment rate has stayed low. Recent data suggest that growth rates of household spending and business fixed investment have moderated from their strong...
1. Which is MOST liquid? a. a mortgage loan b. checkable deposits in a bank c....
1. Which is MOST liquid? a. a mortgage loan b. checkable deposits in a bank c. a new truck d. a diamond 2. An illiquid bank is one that: a. borrows in the market for federal funds. b. borrows at the discount window. c. has more short-term liabilities than short-term assets. d. has more long-term assets than liabilities. 3. As the reserve ratio rises: a. a bank's opportunity cost of holding reserves rises. b. the interest rate on money will...
As the level of real GDP increases, the short-run aggregate supply curve: a. shifts to the...
As the level of real GDP increases, the short-run aggregate supply curve: a. shifts to the right. b. shifts to the left. c. becomes flatter. d. becomes steeper. e. becomes horizontal to the real GDP axis. Firms' profits or production do not increase in the long run because: a. some factors of production are fixed in the long run. b. all the factors of production are variable in the long run. c. changes in factor costs completely offset any change...
51. Which statement about the Federal Open Market Committee is untrue? (a) the Secretary of Treasury...
51. Which statement about the Federal Open Market Committee is untrue? (a) the Secretary of Treasury always is a voting member of the Committee on monetary policy decisions; (b) the President of the New York Fed, by tradition, always is a voting member on policy matters; (c) the Committee formulates, but does not implement, monetary policy; (d) its policy decisions do not require a consensus among voting members. 52. An open market operation designed to add reserves to the banking...
The crowding out effect is zero if Select one: a. the LM-curve is vertical b. the...
The crowding out effect is zero if Select one: a. the LM-curve is vertical b. the central bank conducts open market sales following fiscal expansion c. income is stimulated via a tax cut rather than an increase in government spending d. the central bank conducts open market purchases following fiscal expansion e. the LM-curve is horizontal An asset (other than money) is considered to be more liquid if Select one: a. it can be quickly and cheaply transferred into money...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT