d. negative rate of inflation. D. Creditors are made better off. Which of the following results from unexpected increases in the rate of inflation?Redistributions of income and wealth between different groupsAnnual percentage rate increase in the average price levelIf nominal GDP is $9,600 billion and the GDP deflator is 118.5, real GDP isChanges in relative prices may occur in a period ofWhich of the following is a microeconomic consequence of inflation?If the Consumer Price Index rose from 180.9 in 2005 to 418.5 in 2015, what is the total percentage change in prices over this 10-year period?Average prices are rising, but it is not certain what is happening to relative pricesIf a price index changed from 150 in 2008 to 148.5 in 2009, while Jim Bob's nominal wage fell from $25 to $24, then Jim Bob isWorse off since his nominal wage fell faster than the price level didDemand-pull inflation is the result of excessive pressure on the demand side of the economy.In figure 8.5, if this economy's inflation goal is a price level of P2 but the equilibrium price level is P3, an appropriate monetary policy lever would be toThe growth path of the US economy is considered to beIf full employment is associated with an output that is greater than the current macro equilibrium, which of the following best describes the impact of a rightward shit of the aggregate supply curve, ceteris paribus?In figure 8.5, if this economy's inflation goal is a price level of P2 but the equilibrium price level is P3, one way to accomplish this using fiscal policy would be toKeynes believed that a market-driven economy was inherently unstable.If wages and prices are flexible, then a recession is best eliminated when pricesSupply-side theories of the business cycle focus on how improper incentives lead to the unwillingness of producers to supply more goods and services at existing prices.Real GDP is better than nominal GDP for measuring growth because real GDP has been adjusted for changes inA decrease in a recessionary GDP gap will most likely be associated with a decrease inBecause saving is a leakage, sudden additional results in higher equilibrium income for society, ceteris paribusSuppose an economy has an upward-sloping aggregate supply curve and a recessionary GDP gap equal to $50 billion. Which Of The Following Results From Unexpected Increases In The Rate Of Inflation? To eliminate an AD shortfall of $200 billion, the government shouldRobinson, author of The Second Crisis of Economic Theory, is quoted as saying, "Keynes did not want anyone to dig holes and fill them." If aggregate demand increases by a total of $50 billion,The resulting equilibrium GDP will be lower than full employment GDP because some of the additional spending will drive up prices instead of increasing output.The change in consumption divided by the change in disposable income.An addition of spending to the circular flow of income isWhich of the following equations defines the multiplier?In table 10.2, what is the cumulative decrease in expenditure by the end of the second cycle?A demand-pull inflation problem can best be solved byRefer to figure 10.3, if full-employment GDP is $600 billion and the economy is on AD1,A recessionary gap exists, and AD must increase by more than $100 billion to eliminate it.Which diagram in Figure 9.4 shows what happens to investment as the economy enters a recession, causing both business expectations to collapse and saving to increase further, thus causing banks to lower interest rates?In Figure 9.5, a movement from Point A to Point B would result fromInvestment spending includes expenditures on all of the following exceptWhich diagram in Figure 9.4 shows how investment responds to the expectation that the economy is about to go into a period of fast growth, causing firms to expect increased sales?Which consume spending exceeds disposable income, all of the following are true exceptIf disposable income increases from $9,000 billion to $11,000 billion, and consumption increases from $9,500 billion to $11,000 billion, the MPC must beIn Figure 9.5, a movement from Point A to Point C would result fromWhich of the following is not a component of aggregate demand?In Figure 9.6, if full employment occurs at Qc, then aggregate demand isIn Figure 9.2, if the consumption function shifts from C1 to C2, it can be determined that theWhich of the following formulas is used to find the cumulative increase in AD from a particular fiscal stimulus?If the desired fiscal stimulus is $20 billion and the desired AD increase is $50 billion, we can conclude thatAssume the MPC is 0.75.

Negative. A. Redistribution of … Redistribution of income and wealth between different groups.

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