(02.03 LC) Assume that Jonathan was laid off by his company due to recession and stopped looking for work a few weeks later due to health reasons. Which of the following is true in this scenario?

(04.02 LC) Which of the following is true for the real rate of interest?

(02.01 HC) Use the data table to answer the question that follows. Consumer spending $18 trillion Government spending $6 trillion Wages, business owner income, and corporate profits $15 trillion Exports $3 trillion Taxes $3 trillion Imports $6 trillion Interest payments on capital loans $3 trillion Business investment $5 trillion What would the country above’s gross domestic product be for the year?

(02.03 MC) Under which scenario will the actual rate of unemployment be higher than the natural rate of unemployment?

  (04.03 MC) Which of the following statement shows the difference between the monetary aggregates M1 and M2?

(04.01 MC) What impact will an increase in the general price level have on the interest rate and bond prices?

(04.05 MC) An increase in the money multiplier from a value of 2.3 to 2.5 leads to an increase in the money supply. Which one of the following holds true in response to this change?

(04.02 MC) If an individual borrows money from their bank at an interest rate of 11% and the interest rate adjusted for inflation is 6%, then what is the expected rate of inflation in the economy?

(01.01–01.03, 05.06 HC) Assume that the people of Phobos and Deimos (the moons of Mars) use equal resources to produce consumer and capital goods, as illustrated in the table below showing maximum possible production figures. Country Capital Goods Consumer Goods Phobos 20 units 120 units Deimos 60 units 120 units Draw a fully labeled production possibility curve for Phobos. Place capital goods on the vertical axis and consumer goods on the horizontal axis. Assume constant opportunity cost. On your graph from part (a), label an inefficient point of production I, an efficient point of production E, and an unattainable point of production U. Which country has the comparative advantage in the production of capital goods? Explain. If Deimos shifted from producing 50 units of capital goods and 20 units of consumer goods to producing 35 units of capital goods and 50 units of consumer goods, what would be the impact on its economic growth in the long run? Based on the data table, what range of consumer goods could be traded for 10 units of capital goods that would be mutually beneficial?

(04.06 MC) If the central bank sells $20,000 worth of government bonds to banks, what will happen to the money supply? Assume that the reserve requirement is 20 percent and that the banks hold no excess reserves.