Use the following table to answer the question below. Jorge's Production Possibilities SchedulePounds of Green BeansPounds of Corn03202024040160608080 0 Jorge's opportunity cost of producing 1 pound of corn is ________ pound(s) of green beans.
A. 1/4
B. 4
C. 2
D. 1
Answer: A
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The practice of packaging individual debts into a single uniform asset that can be easily bought and sold is called:
A. leveraging. B. securitization. C. federally-backed financing. D. bundled risk.
In the short-run, higher prices can be caused by:
a. A decrease in aggregate supply, an increase in aggregate demand, or both. b. A decrease in aggregate supply, decrease in aggregate demand, or both. c. An increase in aggregate supply, increase in aggregate demand, or both. d. An increase in aggregate supply, a decrease in aggregate demand, or both. e. Central bank actions only.
Suppose the economy starts off producing Natural Real GDP. Next, aggregate demand rises, ceteris paribus. As a result, the price level rises in the short run. In the long run, when the economy has moved back to producing Natural Real GDP, the price level will be
A) higher than it was in short-run equilibrium. B) lower than it was in short-run equilibrium but higher than it was originally (before aggregate demand increased). C) lower than it was originally (before aggregate demand increased). D) equal to what it was originally (before aggregate demand increased).
The equilibrium level of GDP is the level at which
A. aggregate demand exceeds output. B. aggregate demand equals output. C. aggregate demand is less than output. D. inventories are being depleted to meet demand.