Practical Economics notes

Real vs Nominal GDP Macro Topic 2.6 Real v. Nominal GDP Part 1: Check Your Understanding- Answer the questions. 1. If your nominal wage increases by 25%, will you definitely have a 25% increase in purchasing power? Why or why not? 2. If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay the same? Explain. 3. If nominal GDP increased by 20% and inflation increased by 10%, did the real GDP increase, decrease, or...

Exam (elaborations) Exam (elaborations) ACCT 212 (ECON210) Practical Economics, ISBN: 5372 ACCT 212 (ECON210) Practical Economics, ISBN: 5372 Solution 4 More fuel-efficient cars means there is less need for gasoline. This causes a leftward shift in the demand for gasoline and thus oil. Since the demand curve is shifting down the supply curve, the equilibrium price and

1. Methylergonovine is prescribed for a woman to treat postpartum hemorrhage. Before administration of methylergonovine, what is the priority assessment? 1. Uterine tone 2. Blood pressure 3. Amount of lochia 4. Deep tendon reflexes Explanation ----- 2. Blood pressure Rationale: methylergobovine, and I go alkaloid comma is used to prevent or control postpartum hemorrhage by contracting the uterus. Methylergonovine causes continuous uterine contraction and may elevate the blood pressure. A ...

Real vs Nominal GDP Macro Topic 2.6 Real v. Nominal GDP Part 1: Check Your Understanding- Answer the questions. 1. If your nominal wage increases by 25%, will you definitely have a 25% increase in purchasing power? Why or why not? 2. If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay the same? Explain. 3. If nominal GDP increased by 20% and inflation increased by 10%, did the real GDP increase, decrease, or...

Exam (elaborations) Exam (elaborations) ACCT 212 (ECON210) Practical Economics, ISBN: 5372 ACCT 212 (ECON210) Practical Economics, ISBN: 5372 Solution 4 More fuel-efficient cars means there is less need for gasoline. This causes a leftward shift in the demand for gasoline and thus oil. Since the demand curve is shifting down the supply curve, the equilibrium price and

1. Methylergonovine is prescribed for a woman to treat postpartum hemorrhage. Before administration of methylergonovine, what is the priority assessment? 1. Uterine tone 2. Blood pressure 3. Amount of lochia 4. Deep tendon reflexes Explanation ----- 2. Blood pressure Rationale: methylergobovine, and I go alkaloid comma is used to prevent or control postpartum hemorrhage by contracting the uterus. Methylergonovine causes continuous uterine contraction and may elevate the blood pressure. A ...