What is true about the relationships between unemployment, GDP and inflation? Okun's law states that unemployment and GDP are negatively correlated. The Phillips curve implies a positive relationship between inflation and unemployment. All options are correct. Unemployment and GDP are not correlated.
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- Assume that the unemployment rate rises. What is the impact on the short run Phillips curve? O It will shift up. O There will be movement along the curve to the left. O There will be movement along the curve to the right. OIt will shift down. Show Transcribed Text The following equations describes an economy: Y=C+I+G+ NX C = 250 +0.7*(1-t)Y t = 0.2 1 = 300 G = 60 NX = 40 Which of the following statements is true? O If exports increase by 10, equilibrium Y will increase by 33. O Without any changes, the equilibrium level of Y is 2167. O If government spending increases by 40, equilibrium Y will increase by 46.51. The value of the government spending multiplier is 2.27. Show Transcribed TextSirius has just finished high school and started looking for his first job, but has not yet found one. Other things the same, the unemployment rate Select one: O a. and the labor-force participation rate are both unaffected. O b. increases and the labor-force participation rate is unaffected. O c. and the labor-force participation rate both increase. O d. is unaffected and the labor-force participation rate increases.25 Which of these statements is true about inflation? O a. It shows changes in the general prices of goods and services put of O b. It is calculated by comparing local prices with imported products O c. It compares the relative changes of prices of agricultural and technological products O d. It is always based on the prices of exports 26 Abeer is a skilled cheesemaker but due to the technology in making cheese, she lost her job. In which type of unemployment does Abeer belong to? put of O a. Cyclical O b. Natural O c. Structural O d. Frictional 27 Which of these is not accurate? O a. GDP covers outputs made in the past out of O b. GDP reflects medical expenditure but not mortality rates O c. GDP is not an accurate measure human welfare O d. GDP does not measure income inequality
- What is the change in unemployment when the price level and the money wage rate rise by the same percentage? What is the change in unemployment and the quantity of real GDP supplied when the price level rises but the money wage rate remains unchanged? When the price level and the money wage rate rise by the same percentage, unemployment O A. increases B. remains the same C. is eliminated O D. decreases When the price level rises but the money wage rate remains unchanged, unemployment and the quantity of real GDP supplied O A. decreases; decreases B. decreases; increases O C. increases; increases D. increases; decreases Click to select your answer. DII 80 888 :二 F8 F7 F6 F5 F4 F3 esc F2 F1 & # 00 %24People who report being unemployed but who, in fact, are not trying to find a job are really not in the labor force and therefore cause the reported unemployment rate to be higher than it would otherwise be. O True FalseMaps Paraphrasing Tool ... New Tab ent - Sem 2 2022.pdf 2 / 3 G Report Grammarly 100% + + » What is the current environment in the USA and Australia? b) Define unemployment and its measurement. What is the current environment in the USA and Australia? c) Define inflation and its measurement. What is the current environment in the USA and Australia? Question 2 Assume that an economy is initially operating at the natural rate of output (full employment output). Use the AD-AS model to illustrate graphically the effects on price and output of a increase in government spending and an increase in the cash rate. Explain your assumptions with respect to the range of aggregate supply of your analysis. Question 3 Explain in detail the process of Monetary Policy transmission of an increase in the cash interest rate. Use relevant graphs to describe how a Central Bank's action on the interest cash rate ripple through the economy and lead to the target policy goal. (Three connected diagrams should…
- When the economy is operating at a point where output is less than the natural level of output, which of the following occurs? Select one: a. the price level will be lower next period than it is this period. b. the price level is less than the expected price level. O c. all of the above O d. the unemployment rate is greater than the natural unemployment rate.stion 10 n Which statement is CORRECT? O The Consumer Price Index is considered the best measure of long-term, underlying inflation. A worker who is retired is considered unemployed. Any person who can work and is of working age is considered part of the labor force. O The purchase of flour by a bakery is not counted as GDP. O Core inflation uses a price index to measure inflation by excluding stock and real estate prices in its calculation. #3 E D C A Moving to the next question prevents changes to this answer. Q $ 4 R F V % 5 T 19 tv G 6 B Y H & 7 N U * 00 8 J 4+ M 9 Tec ( K O 4 LPrice Level AD2 LRAS AD, W AD, PA SRAS M P3 P2 Z. P, Po Qo Q, Q2 Q3 Real Domestic Output, GDP
- Real GDP A C Y* Y Time Above is a diagram of the business cycle. When the economy is operating at point B, which of the following is true? O The frictional and structural unemployment rates are negative. The economy is not yet at full employment. The structural unemployment rate is negative. The unemployment rate is 0%. O The economy is at its natural rate of unemployment.An increase in expected inflation will O A. decrease the natural rate of unemployment. O B. shift the long - run Phillips curve to the right. OC. increase real wages. O D. None of the above is correct.How can a stagflation turn into a cost-push inflation process? A stagflation can turn into a cost-push inflation process when OA. the quantity of money persistently decreases O B. taxes consistently increase OC. the quantity of money persistently increases O D. the money wage rate decreases