Sras - Study guides, Class notes & Summaries

2 Section A Answer all questions in this section. Only one answer per question is allowed. For each question completely fill in the circle alongside the appropriate answer. CORRECT METHOD WRONG METHODS If you want to change your answer you must cross out your original answer as shown. If you wish to return to an answer previously crossed out, ring the answer you now wish to select as shown. 0 1 Which one of the following is an injection into the circular flow of income? [1 mark] A C...

Define the term 'inflation'. (1) : increase in GDP (measured by the CPI based on an average basket of goods) Explain one likely cause of inflation. (2) : increasing in govt spending --> AD shifts out --> actual growth --> demand pull inflation OR natural disaster --> AS shifts inwards --> cost push inflation Illustrate the shape of the Classical long-run aggregate supply (AS) curve on the diagram below. (2) : Explain the reason for the shape of the Classical long-run ...

AD (def.) - ANSWERSTotal level of planned real expenditure on g/s produced within country in given time period AS (def.) - ANSWERSTotal supply of all g/s in economy AD (eq.) - ANSWERSAD = C + I + G + (X - M) Factors that affect AD: C - ANSWERS∝ disposable income ∝ employment ∝ 1/interest rate ∝ availability of credit ∝ confidence ∝ wealth ∝ inflation (short run) ∝ 1/inflation (long run) Factors that affect AD: G - ANSWERS∝ size of public sector ∝ dep...

NUR 2459/NUR2459 2022-2023 RASMUSSEN COLLEGE MENTAL AND BEHAVIOALL 50 QUESTIONS AND CORRECT ANSWERSRAL HEALTH NURSING FINAL EXAM 2 LATEST.

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Draw a graph of aggregated demand. Make sure to label the axis - ANSWER-Vertical axis is Price and Horizontal Axis is GDP How does the quantity of GDP demanded change as the price level in the economy increases? Illustrate this on your graph - ANSWER-It leads to a lower quantity of spending on domestic goods and services decline List and explain the components of aggregate demand - ANSWER-Consumption spending when disposable income increases, so does consumption spending and AD shifts to t...

NUR 2459/NUR2459 2022-2023 RASMUSSEN COLLEGE MENTAL AND BEHAVIOALL 50 QUESTIONS AND CORRECT ANSWERSRAL HEALTH NURSING FINAL EXAM 2 LATEST.

Macroeconomics CLEP prep (2022/2023) Rated A+ LRAS Long Run Aggregate Supply, The natural level of GDP, shown vertical on a graph. When LRAS shifts, SRAS (Short Run Aggregate Supply) will follow . Tangible Assets Real Estate, Equipment, and Cash (physical assets) Intangible Assets Patents, Goodwill, and Trademarks (lack physical substance) Substitution effect Economic rule stating that if two items satisfy the same need and the price of one rises, people will buy the other. Equilibrium price...

AP Macroeconomics Exam Questions Marking Scheme New Update (Verified A+ Pass) Movement on Short-Run Phillips Curve - Answers - Shift in AD (graph movement is in opposite direction) Shift of Short-Run Phillips Curve - Answers - Shift in SRAS (shift is in opposite direction) Shift of Long-Run Phillips Curve - Answers - Factors of Production/Shift in LRAS (shift is in opposite direction) Factors of Production - Answers - 1. Land 2. Labor 3. Capital 4. Technology 5. Sometimes Foreign...

AQA AS ECONOMICS 7135/2 Paper 2 The National Economy in a Global Context Version: 1.0 Final *jun* IB/M/Jun23/E9 7135/2 For Examiner’s Use Section Mark A B TOTAL Monday 22 May 2023 Morning Time allowed: 1 hour 30 minutes Materials For this paper you must have: • the Insert • a calculator. Instructions • Use black ink or black ball-point pen. Pencil should only be used for drawing. • Fill in the boxes at the top of this page. • Answer all questions in Section A. ...