They have a magnificent team. These people are always kind and willing to listen to your concerns or issues. Better yet, your assignment is always ready before the time, they usually send you a draft to double-check before they finalize your paper.
1.Based on your understanding of the AS-AD model, which of the following is an incorrect statement about the
short-run adjustment process for the macroeconomy?
a. An increase in demand increases output.
b. Output in excess of the natural level leads to higher prices.
c. A reduction in unemployment leads to lower prices.
d. An increase in output increases employment.
e. An increase in output above the natural level leads to higher nominal wages.
2.Suppose policy makers underestimate the natural rate of unemployment. In such situations, policy makers will likely implement policies that result in:
a. an unemployment rate that is “too high”.
b. a higher inflation rate than necessary.
c. a steadily decreasing inflation rate.
d. more unemployment than necessary.
e. overly restrictive monetary and fiscal policy.
3.In the wage-setting relation, the nominal wage increases when:
a. the price level rises.
b. unemployment benefits decrease.
c. the unemployment rate rises.
d. the minimum wage decreases.
e. all of the above.
4.In the aggregate supply relation, a decrease in current output causes:
a. an increase in the expected price level and an upward shift of the AS curve.
b. a change in the expected price level this year.
c. a decrease in the current price level.
d. a shift of the aggregate supply curve.
e. an increase in the markup over labour costs.
5.Which of the following is not in the labour force?
a. the unemployed
b. those temporarily laid off who will be recalled soon
c. discouraged workers
d. those who worked full time, but in a family business
e. All of the above.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more