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Bizhelp
Bizhelp, CPA
Category: Homework
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Experience:  Bachelors Degree and CPA with Accounting work experience
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The industries or sectors of the economy in which business

Customer Question

The industries or sectors of the economy in which business cycle fluctuations tend to affect output the most are:
A. clothing and education.
B. military goods and capital goods.
C. services and nondurable consumer goods.
D. capital goods and durable consumer goods.



31) Real GDP measures:
A. base year output at current prices.
B. current output at current prices.
C. current output at base year prices.
D. base year output at current exchange rates.



32) Kara voluntarily quit her job as an insurance agent to return to school full-time to earn an MBA degree. With degree in hand she is now searching for a position in management. Kara presently is:
A. frictionally unemployed.
B. cyclically unemployed.
C. structurally unemployed.
D. not a member of the labor force.



33) Suppose the price level is fixed, the MPC is .5, and the GDP gap is a negative $100 billion. To achieve full-employment output (exactly), government should:
A. reduce taxes by $50 billion.
B. increase government expenditures by $100 billion.
C. increase government expenditures by $50 billion.
D. reduce taxes by $200 billion.
Submitted: 6 years ago.
Category: Homework
Expert:  Bizhelp replied 6 years ago.

Hello Paulo,

 

Thanks for your question.

 

The industries or sectors of the economy in which business cycle fluctuations tend to affect output the most are: D. capital goods and durable consumer goods.

31) Real GDP measures: A. base year output at current prices.

32) Kara voluntarily quit her job as an insurance agent to return to school full-time to earn an MBA degree. With degree in hand she is now searching for a position in management. Kara presently is: A. frictionally unemployed.

33) Suppose the price level is fixed, the MPC is .5, and the GDP gap is a negative $100 billion. To achieve full-employment output (exactly), government should:

C. increase government expenditures by $50 billion.

 

Hope this helps!

 

Customer: replied 6 years ago.
i don't need the anwsers now.
Expert:  Bizhelp replied 6 years ago.
THIS ANSWER IS LOCKED!

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