Macro Economics

COURSE : MACRO ECONOMICS (1st year , Undergrad1 .Which statement is non consistent with the law of conferA )The more of a good supplied , the higher(prenominal) the cost , other things constantB )The less of a good supplied , the cut the price , other things constantC ) cadence supplied of a good is at a time related to the good s priceD )Quantity supplied of a good is mutually related to the good s price 2 .The supply of lather jackets would be expected to augment as a terminus ofA )a decrease in the cost of producing strap jacketsB )an increase in the price of leather jacketsC )an increase in the popularity of leather jacketsD )the expectation that the price of leather jackets will rise in the future Use the following to answer question 3Price Quantity hireed Quantity Supplied (per litre (litres per week (litres per week 1 2000 cubic yard 2 1500 1500 3 1000 2000 4 500 2500 3 .Suppose the above supply and gather up table reflects the supply and bespeak for milk per week . At a price of 4A ) there is a surplus of 1000 litres per weekB )there is a surplus of 2000 litres per weekC )there is a shortage of 1000 litres per weekD )there is a shortage of 2000 litres per week 4 .To derive a market demand curve from two individual demand curvesA )add the two demand curves horizontallyB )add the two demand curves verticallyC )subtract superstar demand curve from the other demand curveD )add the demand curves both horizontally and vertically 5 .Fishing for king squalls for a support is risky business . Their migration habits along the Bering Strait are not understood . In 1981 king head seemed to run unless returned mysteriously in the late 1980s , wreaking havoc on the income of skreighbers . When crabs disappear consumers buy lobster instead .

What surmount describes this property in the king crab marketA )The supply curve shifts to the leave when crabs disappear (their price rises ) and shift to the recompense when they appear (their price declinesB )The supply curve shifts to the left hand when crabs disappear (their price rises ) and the demand curve shifts to the left when consumers substitute lobster for crab (lowering their price . The supply curve then shifts to the right when crabs appear (their price declinesC )The price of crab rises when crabs are scarce creating excess demand The price of crab go when crabs are abundant creating excess supplyD )The quantity of crab falls and then rises as crabs disappear and reappear in response to shifts in demand . Demand shifts to the left as consumers substitute toward lobster when crab is scarce and shift to the right when crab is abundant 6 .Which of the following problems is not one of the central concerns of macroeconomicsA )Product pricingB )GrowthC )Business cyclesD )Unemployment 7 .Which of the following statements best characterizes the...If you want to get a full essay, order it on our website: Ordercustompaper.com

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