18-50 Refer to the graph to answer thhe questions S (Price Range 3 Range 2 Range

Question

18-50 Refer to the graph to answer thhe questions S (Price Range 3 Range 2 Range I Outpat 18. An decrease in total demand in Range 3 will: a increase the price level, but not omployment and outpat h. decrease the price level, but not employ ment and ouiput c. Increase the employ ment, but fnot the output and price level. d Increase employment and output but not the price level 19. In Range 2, an increase in total demand will a casse unemployment and deflation. b. Cause onplyment to fall, but not the price level c. Increase employment, eutput, and the price level d. Increase employment and output, bat not the price level. 20, In Range I, an increase in total demand will: a cause uncmploy ment and deflation h. Cause empley ment to fal but the price to risel. c. Increase employment and output, but not the price level d decrease employ ment and output, but not the price level 21. The natural rate of unemployment roughly equals a) the sum of frictional and structural b) the sum of frictional and cyclical c) the sum of cyclical and stractural d) frictional 22. Which of the following groups would not tend to lose from unespected inflation? a) Retirees on fixed pensions b) Creditors c) Those whose incomes are tied to kong-Icrm contracts d) Those whose wages have cost of living adjustment clauses in their contracts 23. A price index can fall from one year to the nest: a) even when nominal GIP falls. b) even when real GDP falls. c) even when some individual goods prices rise. d) in any of the ahove circumstances 24. The three major macrocconomic goals of nearly every society are: a) maintaining stable prices, reducing intcrest rates, and achieving a high rate of cconomic growth b) maintaining high levels of employment, increasing the supply of money, and achieving a high rate of economic growth. c) maintaining stable prices, maintaining high levels of employment, and achicev ing high raes of econcenic growth d) achieving high rates of economic growth, reducing unemploy ment, and reducing interest rates 25. The labor force consists of: a) discouraged workers, employed workers, plus those actively secking work. b) all persons over the age of sivieen who are working or activeb secking work. b) all persons over the age of sivteen who are able to work. c) all persons over the age of sixteen who are working, plas those not working. 26. The official unemployment rate may not reflect the truc state of uncmployment except for the fact that a) part-time employces who want to work more hours are treated the same statistically as those who hold full-timne johs. b) some individuals who want to work may become discouraged and cease actively looking for work c) both a) and b). di workers laid off from their johs but look ing for new ones are not counted among the uncmploy ed

Explanation / Answer

18) THe asnwer is A-) increase the price level, but not the employment and output. ( because in range 3, The curve becomes vertically flat so, output does not change only the price level changes.

19) The answer is C-) increase employment and output, and the price level. ( because, in range 2, the curve is upward sloping.

20) The answer is C-) increase employment and output , but not the price level .( because in range 1 , the curve is horizantally flat hence the price remain constant at each level of output and employment.

21) The answer is A -) the sum of frictional and structural unemployment.

22) please upload again. its against chegg policy

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