Question

PLEASE ANSWER ALLLLLLLL. Thank you

1. In the aftermath of the Great Recession

Select one:

a. the deflation of the early 2000s has been reversed.

b. policymakers in the U.S., Japan, and Europe are working hard to avoid deflation.

c. deflation concerns have subsided in the U.S, Japan, and Europe.

d. the U.S., Japan, and Europe are all experiencing deflation.

2. Which of the following statements about exchange rates is correct?

Select one:

a. When a country experiences a trade deficit, its currency tends to appreciate to compensate.

b. In some cases the exchange rate is pegged, meaning that it is linked to the amount of gold or silver that the country's central bank has in its vaults.

c. The exchange rate, in most cases, is floating: it is determined by the supply and demand for currency, and it can change dramatically.

d. When a country experiences inflation, its currency tends to appreciate.

11-Renewable energy sources provided _____ of U.S. energy needs as of 2013.

Select one:

a. almost 100 percent

b. 20.8 percent

c. 9.4 percent

d. 14.2 percent

12- The business cycle peak associated with the Great Recession was in

Select one:

a. September 2008, when the Great Recession became very severe.

b. December 2007 when the Great Recession started.

c. November 2001 when the prior expansion started.

d. June 2009, when the Great Recession ended.

15- The formula for a real percentage change is

Select one:

a. the nominal percentage change multiplied by the inflation rate.

b. the nominal percentage change plus the inflation rate.

c. the nominal percentage change divided by the inflation rate.

d. the nominal percentage change minus the inflation rate.

20- The production possibility frontier represents

Select one:

a. the shifting of priorities to meet demand.

b. the ability of the GDP to grow relative to other countries' GDPs.

c. demand tempered by inflation.

d. the different possible combinations of output.

Answer 1

1. (D) US, Japan and Europe are all experiencing deflation

Reason: This happened because of the Great Recession which affected the entire world economy

2. (B) In some cases the exchange rate is pegged

Reason: In some countries, exchange rate is pegged to either gold or silver or foreign currency

11. (B) 20.8%

12. (B) Dec 2007 when the Great Recession started

Reason: This was the peak before the fall

15. (D) Nominal percentage change minus inflation rate

20. (D) Different possible combinations of output

Reason: PPF shows different combinations of output which can be produced using given resources