Ecn 211 final Study guides, Class notes & Summaries

ECN 211 Final (Exams 1, 2, 3) ASU Douglas Questions And Answers All Verified Which of the following is included in GDP? A. recreational marijuana purchased from a drug dealer by a college student? B. Recreational marijuana purchased and consumed by a man in his attic. C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. D. All of the above - ANS C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. you know a candy bar c...

ECN 211 Final (Exams 1, 2, 3) ASU Douglas Questions with Correct Answers Graded A+ Which of the following is included in GDP? A. recreational marijuana purchased from a drug dealer by a college student? B. Recreational marijuana purchased and consumber by a man in his attic. C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. D. All of the above - Correct Answer C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. you know ...

ECN 211 FINAL EXAM ASU LATEST ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES|AGRADE

Real GDP is commonly used for what? - correct answer Short run changes. When real GDP falls, so does what? - correct answer - Personal income - Corporate profits - Consumer spending - Investment spending - Industrial production When the overall economy declines that is due to what? - correct answer - Reduction in spending in factories - Housing - Inventory When real GDP declines, what happens to the unemployment rate? - correct answer It increases. What is the natural r...

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 ASU LATEST ACTUAL EXAM WITH VERIFIED QUESTIONS AND ANSWERS 100% A GRADED

Which of the following is included in GDP? A. recreational marijuana purchased from a drug dealer by a college student? B. Recreational marijuana purchased and consumber by a man in his attic. C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. D. All of the above - correct answer C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. you know a candy bar cost five cents in 1962. You also know the CPI for 1962 and the CPI to...

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 (Exams 1, 2, 3) ASU Douglas

ECN 211 final asu questions with correct answers