How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Chris M. Your Own Question

Chris M.
Chris M., M.S.W. Social Work
Category: Homework
Satisfied Customers: 2482
Experience:  Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
Type Your Homework Question Here...
Chris M. is online now
A new question is answered every 9 seconds

Chris M. here are the questions

Customer Question

<strong><strong><p>5. A market price climbs toward equilibrium. Which of the following is the result?</p><p> </p><p>A. New suppliers and consumers interact in the market, but get no surplus.</p><p>B. Only new suppliers, but no new consumers trade in the market.</p><p>C. New suppliers and new consumers trade in the market, but only suppliers get surplus.</p><p><strong>D. </strong><strong>New suppliers and consumers interact in the market, and both receive surplus.</strong></p><p> </p><p><strong>PLEASE NOTE: Uncertain on 5; A and C are certainly incorrect. Even though the price is higher, different consumers should behave differently; even at equilibrium price, some consumers should see consumer surplus. Thus, I lean towards D.</strong></p><p> </p><p>20. Look at the illustration in Figure A-2. Which area in the figure represents the revenue that</p><p>the government would collect if it imposed a tax?</p><p><strong>A. </strong>A <strong>C. </strong>C</p><p><strong>B. </strong>B <strong>D. </strong>D</p><p> </p><p> </p><p>18. Jean is offered a job in New York City that pays $80,000 per year and a job in Cleveland that pays $60,000 per year. The CPI for Cleveland is 100, and the CPI for New York City is 160. What is the New York City job's purchasing power in "Cleveland dollars"?</p><p> </p><p>A. $50,000</p><p> B. $60,000<strong> </strong></p><p> C. $80,000</p><p><strong>D. </strong><strong>$128,000</strong></p><p><strong>(PLEASE NOTE: Somewhat uncertain on this one; it's a strange way of demonstrating purchasing power and CPI. It stands to reason that $80,000 will purchase a lot more in a place with a lower CPI; D's the only option that's higher.)</strong></p><p>8. Which of the following factors would fundamental analysis ignore? <br/>A. Overall market trends last year <br/>B. Demand for a company's product <br/><strong>C. Government regulation of an industry</strong> <strong>(I am uncertain of this one, but it's a process of elimination; B and D are clearly wrong. I believe A is wrong as well. Please doublecheck FOR ME!)</strong> </p><p> 13. Which of the following contributes to the natural rate of unemployment? <br/>A. Government fiscal policy C. Inflation <br/>B. Recessions <strong>D. Unions</strong>   <strong>(potentially A; this actually depends on your economic viewpoint. Keynsian economists would say D, while neoclassical economics says A)</strong></p><p>13. As the average price level in the economy falls, people will <br/>A. use less money as a medium of exchange. <br/>B. use more money as a medium of exchange. <br/><strong>C. want to hold more money.</strong> (<strong>Possibly B; the wording choice confuses me. What happens when price level falls is that consumers actually spend more money - it's because the purchasing power per dollar has gone up!)</strong><br/>D. use credit cards more often. </p><p>15. Assume that the reserve ratio is 20 percent and banks don't hold excess reserves. <br/>The Fed purchases $1 million of bonds from the public. What would happen next? <br/><strong>A. Bank reserves will increase by $1 million and the money supply will eventually <br/>increase by $5 million</strong>.   <strong><em>(Frankly, I don't like either answer A or D; the correct answer is that bank reserves increase, but we generally think the money multiplier effect is more like tenfold, not fivefold...this increases by a larger amount than D, so it is likely their selection)</em></strong><br/>B. Bank reserves will decrease by $5 million and the money supply will eventually <br/>decrease by $5 million. <br/>C. Bank reserves will decrease by $1 million and the money supply will eventually <br/>decrease by $5 million. <br/>D. Bank reserves will increase by $1 million and the money supply will eventually <br/>increase by $2 million. </p><p> </p><p>1. An import quota causes imports to fall, the real exchange rate</p><p>to appreciate, and real interest rates to </p><p><strong>A. </strong>rise. <strong>C. </strong>remain the same.</p><p><strong>B. </strong>fall. <strong>D. </strong><strong>fluctuate</strong>.</p><p> </p><p>2. Ceteris paribus, if the Portuguese real interest rate were to</p><p>decrease, Portuguese net capital outflow would</p><p><strong>A. </strong><strong>rise.</strong></p><p><strong>B. </strong>fall.</p><p><strong>C. </strong>be unaffected.</p><p><strong>D. </strong>be impossible to predict.</p><p>3. The aggregate-supply curve is upward sloping in the short run</p><p>because of</p><p> </p><p><strong>A. </strong>shifting curves, sticky wages, and sticky prices.</p><p><strong>B. </strong>sticky wages, misperceptions, and shifting curves.</p><p><strong>C. </strong>misperceptions, sticky wages, and sticky prices.</p><p><strong>D. </strong>sticky prices, shifting curves, and misperceptions</p><p> </p><p><strong>4. What happens to the unemployment rate when a recession ends?</strong></p><p><strong>A. </strong>It stays the same. </p><p>C. It gradually falls.</p><p>B. It gradually rises.</p><p> <strong>D. </strong>It becomes zero.</p><p> </p><p><strong>18. Changes in government purchases directly affect</strong></p><p> </p><p><strong>A. </strong><strong>only aggregate demand.</strong></p><p><strong>B. </strong>only aggregate supply.</p><p>C. both aggregate demand and aggregate supply.</p><p><strong>D. </strong>neither aggregate demand nor aggregate supply</p><p> </p><p><strong>NOTE: This one is debatable, and my choice hinges on the words "directly affect." In theory, a change in government purchases could also impact aggregate supply; if the government spent more on roads, it could increase business productivity, which could increase aggregate supply. So C is a possibility, but it depends on how you interpret the question.</strong></p><p> </p><p><strong>19. The purpose of President Kennedy's tax cuts of 1964 was to</strong></p><p> </p><p><strong>A. </strong>decrease the tax burden of the poor.</p><p><strong>B. </strong>follow the advice of John Maynard Kaynes.</p><p><strong>C. </strong><strong>increase aggregate demand.</strong></p><p><strong>D. </strong>reduce inflation.</p><p>4. Financial intermediaries are <br/>A. the same as financial markets. <br/>B. financial institutions through which savers can indirectly provide funds to borrowers. <br/>C. the markets that facilitate stock and bond transactions. <br/><strong>D. financial institutions through which savers can directly provide funds to borrowers. <br/><br/>18. Look at the data table that's shown in Figure A-1. Calculate the labor-force participation <br/>rate using the table provided. <br/>ADULTS IN THE LABOR FORCE <br/>Millions <br/>Entire adult population      245 <br/>Not working           50 <br/>Unemployment           15 <br/>In labor force           210 <br/><br/>A. 35.7 percent <strong>C. 90.0 percent</strong> <strong>(Labor force participation = employed + unemployed / adult population, or 225/245 in this example; that results in 92%, not 90%, but this is closest...)</strong><br/>B. 85.7 percent D. 100.0 percent <br/><br/></strong></p></strong></strong>
Submitted: 3 years ago.
Category: Homework
Expert:  Chris M. replied 3 years ago.
THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.
If you've already paid for this answer, simply Login.
Chris M., M.S.W. Social Work
Category: Homework
Satisfied Customers: 2482
Experience: Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
Chris M. and 8 other Homework Specialists are ready to help you
Customer: replied 3 years ago.
Will you be able to help me with the question I asks you?

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX
 
 
 

Meet The Experts:

 
 
 
  • Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    4520
    More than 5000 online tutoring sessions.
< Last | Next >
  • http://ww2.justanswer.com/uploads/BU/BusinessTutor/2012-2-2_115741_Kouki2.64x64.jpg Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    4520
    More than 5000 online tutoring sessions.
  • http://ww2.justanswer.com/uploads/LI/lindaus/2012-6-10_04811_IMG20120609164157.64x64.jpg Linda_us's Avatar

    Linda_us

    Finance, Accounts & Homework Tutor

    Satisfied Customers:

    3121
    Post Graduate Diploma in Management (MBA)
  • http://ww2.justanswer.com/uploads/ComputersGuru/2010-02-13_051118_Photo41.JPG LogicPro's Avatar

    LogicPro

    Engineer

    Satisfied Customers:

    3035
    Expert in Java C++ C C# VB Javascript Design SQL HTML
  • http://ww2.justanswer.com/uploads/lanis/2009-4-1_233717_phput9xef_c1pm.jpg Lani S.'s Avatar

    Lani S.

    Tutor

    Satisfied Customers:

    2457
    Registered Nurse, Internet Researcher, Private Tutor
  • http://ww2.justanswer.com/uploads/chooser77/2009-08-18_162025_Chris.jpg Chris M.'s Avatar

    Chris M.

    M.S.W. Social Work

    Satisfied Customers:

    2341
    Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
  • http://ww2.justanswer.com/uploads/JawaadAhmed/2009-6-27_12137_SIs_SHadi.jpg F. Naz's Avatar

    F. Naz

    Chartered Accountant

    Satisfied Customers:

    1975
    Experience with chartered accountancy
  • http://ww2.justanswer.com/uploads/JK/jkcpa/2011-1-16_182614_jkcpa.64x64.jpg Bizhelp's Avatar

    Bizhelp

    CPA

    Satisfied Customers:

    1873
    Bachelors Degree and CPA with Accounting work experience