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Tag: Liberty ECON 214

Liberty ECON 214 Exam 1 Answers Complete Solutions

Liberty ECON 214 Exam 1 Answers Complete Solutions   Complete many different versions to get an A on your grade! The below shown is just one version sample. Download it for more and ace on your quizzes and exams! Question 1 Let’s say a bottle of Dr. Wells (an actual soft drink still available but hard to obtain) cost $0.15 in 1970. If the consumer price index (CPI) in 1970 was 37.8 and the current CPI is 240, then the Inflationadjusted price of Dr. Wells would be (rounded to the nearest penny): Question 2 The natural rate of unemployment is:

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Liberty ECON 214 Exam 2 Answers Complete Solutions

Liberty ECON 214 Exam 2 Answers Complete Solutions   Complete many different versions to get an A on your grade! The below shown is just one version sample. Download it for more and ace on your quizzes and exams! Question 1 From 2009 to 2010 per capita real gross domestic product (GDP) in the United States grew by 1.8%. At that rate, according to the Rule of 70, in roughly how many years will per capita real GDP double? Question 2 How many recessions have there been in the United States since 1982? Question 3 When U.S. aggregate demand and

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Liberty ECON 214 Exam 3 Answers Complete Solutions

 Liberty ECON 214 Exam 3 Answers Complete Solutions   Complete many different versions to get an A on your grade! The below shown is just one version sample. Download it for more and ace on your quizzes and exams! Question 1 Using a credit card is most like: Question 2 The bank in your hometown has decided to double the number of its local branch offices. How will this affect the bank’s balance sheet? Question 3 A U.S. federal government budget deficit occurs when: Question 4 Suppose you land a job with Google right out of college. Your economics training

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Liberty ECON 214 Exam 4 Answers Complete Solutions

Liberty ECON 214 Exam 4 Answers Complete Solutions   Complete many different versions to get an A on your grade! The below shown is just one version sample. Download it for more and ace on your quizzes and exams! Question 1 Many people argue that certain industries, such as weapons, energy, and transportation, should be protected by trade barriers in the interest of: Question 2 The figure below depicts the three possible aggregate demand curves. If the Bank of Canada (the Canadian central bank) ____________, the Canadian dollar will depreciate and the aggregate demand curve will shift from AD2 to

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Liberty ECON 214 How to Use InQuizitive Answers Complete Solutions

Liberty ECON 214 How to Use InQuizitive Answers Complete Solutions   The below is just a sample. Download it for more! 1. Points, Grades, and Levels On the way to a grade of 100% in an InQuizitive activity, you will pass through three levels. Put the names of the three levels in order. (This is not a trick question, just a really easy one! But be sure to read the feedback for each answer to learn about the differences among the levels.) 3. Using InQuizitive for Test Review To view your Activity Report, click on the Activity Score (to the

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Liberty ECON 214 InQuizitive Ch. 6 Answers Complete Solutions

Liberty ECON 214 InQuizitive Ch. 6 Answers Complete Solutions   Complete many different versions to get an A on your grade! What data do economists use to calculate the real GDP of a nation? Which of the following by definition directly adds to a country’s GDP (gross domestic product)? Underground economies are smallest in countries with strong economies. Which questions explore microeconomic topics and which explore macroeconomic topics? Apply the correct label to each question. Which of the following are examples of non-market services? Calculate the real GDP of the United States for the year 2014. Use 2009 as the

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Liberty ECON 214 InQuizitive Ch. 7 Answers Complete Solutions

Liberty ECON 214 InQuizitive Ch. 7 Answers Complete Solutions   Complete many different versions to get an A on your grade! Assume Country X has the following statistics: Total relevant population = 50,000,000 Full-time students = 4,200,000 Not employed and not currently searching for jobs = 6,000,000 Not employed and currently searching for jobs = 2,336,000 Currently employed = 29,664,000 Country X has a labor force of –, a labor force participation rate of –, and an unemployment rate of –. Which of the following type(s) of unemployment are most associated with an economy that is experiencing dynamic growth and

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Liberty ECON 214 InQuizitive Ch. 8 Answers Complete Solutions

Liberty ECON 214 InQuizitive Ch. 8 Answers Complete Solutions   Complete many different versions to get an A on your grade! Last year you paid $24 for a round of golf and $12 to rent a golf cart. This year it cost you $30 to golf and $15 to rent a cart. Based on this simple basket of goods, calculate a price index for this year using last year as the base year. Suppose the inflation rate is 2% per year. If you currently think of $40,000 as an acceptable retirement income and are expecting to retire in 40 years,

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Liberty ECON 214 Problem set #1 Answers Complete Solutions

Liberty ECON 214 Problem set #1 Answers Complete Solutions   Complete many different versions to get an A on your grade! Problem set #1 1) If Joan receives a Social Security check, would we include that transfer payment from the government in this year’s GDP? Why or why not? 2) In the following situations, explain what is counted in this year’s GDP: A. You bought a new Wii at GameStop last year and resold it on eBay this year B. You spend your Saturday cutting grass at your house C. You purchase an Investing for Dummies book at Barnes and

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Liberty ECON 214 Problem Set #2 Answers Complete Solutions

Liberty ECON 214 Problem Set #2 Answers Complete Solutions   Complete many different versions to get an A on your grade! Problem set 2 (chapters 7 & 8) 1) A country with a civilian population of 120,000 (all over age 16) has 100,000 employed and 12,000 unemployed persons. Of the unemployed, 7,000 are frictionally unemployed and another 2,000 are structurally unemployed. On the basis of this data, answer the following questions: (show your work for credit) a. what is the size of the labor force? b. What is the unemployment rate? c. What is the natural rate of unemployment for

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