Ecn 211 final - Guías de estudio, Notas de estudios & Resúmenes

Demand-Pull Inflation Correct Answer-increases in the price level (inflation) resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand Cost-Push Inflation Correct Answer-increases in the price level (inflation)resulting from an increase in resource costs (for example, raw material prices) and hence in per unit production costs; inflation caused by reductions in aggregate supply Wealth Effect Correct Answer-A change in the real va...

ECN 211 Final Exam 113 Questions with Correct Answers 100% Verified scarcity - Correct Answer the limited nature of society's resources Opportunity cost - Correct Answer Whatever must be given up to obtain some item principles of specialization and exchange - Correct Answer trade can benefit everyone in society because it allows people to specialize in activities in which they have comparative advantage Absolute advantage - Correct Answer The ability to produce a good using fewer inpu...

ECN 211 Final Exam Review Questions and Answers (2023 / 2024) (Verified Answers)

ECN 211 Final Exam Terms Demand-Pull Inflation Correct Answer-increases in the price level (inflation) resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand Cost-Push Inflation Correct Answer-increases in the price level (inflation)resulting from an increase in resource costs (for example, raw material prices) and hence in per unit production costs; inflation caused by reductions in aggregate supply Wealth Effect Correct Ans...

ECN 211 final asu questions with correct answers

ECN 211 ASU FINAL EXAM MARBURGER QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+ LATEST UPDATE 2024/2025

Refer to the figure. If the government imposes a minimum wage of $9, then how many workers will be employed? - correct answer 6,000 Which of the following Fed actions would increase the money supply? - correct answer Buy bonds A soft drink cost $1.75 in 2019. The value for the CPI in 1965 is 60.2 and the value of the CPI for 2019 is 236.2, what is the price of a soft drink in 1965 dollars? - correct answer $0.45 Refer to the figure. If the economy starts at Y, then W represents: -...

ECN 211 Final Hill ASU 70 Questions with Complete Solutions 2 problems with borrowing - Correct Answer risk and foolishness invest for 2 reasons - Correct Answer return is high, cost of borrowing is low When should the government borrow and save? - Correct Answer borrow in bad times, save in good times risk - Correct Answer borrowing to invest, does not pay off the way it was expected foolishness - Correct Answer people with lots of credit are often riskier and make bad decisions ...

ECN 211 Final (Exams 1, 2, 3) ASU Douglas

ECN 211 Final Exam review Questions With Solutions entails the exchange of goods for goods - ANS Barter all the possible combinations of two goods that can be purchased, given money income and the prices of the goods - ANS The budget line shows? leftward shift in the economy's aggregate demand curve - ANS A contractionary fiscal policy is shown as a: Their face value is greater than their intrinsic value - ANS To say that coins are "token money" means that: Cause and...