The Demand for Loans Decrease Essay
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Demand for Loans Decrease Essay
If the price of computers falls during a period when the average price level remains constant, which of the following has occurred?
Deflation
Inflation
A recession
A change in relative prices
Price stability refers to:
A constant average price level.
An inflation rate of zero.
Increases in prices equal to or less than the growth rate of the economy.
The absence of significant changes in the average price level.
If the CPI is 119 in Year X, then it costs _______ in Year X to buy the same market basket that cost _______ in the base period.
$100; $119
$19; $100
$100; $19
$119; $100
People who are not working for pay but are actively looking for work are not included in the labor force.
FALSE
TRUE
During a period of inflation:
Relative prices are rising, but it is not certain what is happening to average prices.
Both relative prices and average prices are rising.
Specific prices are rising, and relative prices are falling.
Average prices are rising, but it is not certain what is happening to relative prices.
The labor force is smaller than the total population because the labor force does not include:
People looking for a job.
People who have jobs.
Teachers.
The very young and old.
Nominal GDP is defined as the:
Dollar value of services but not goods.
Value of output in current dollars.
Value of output in constant prices.
Output produced by domestically owned factors of production regardless of where the factors are located.
Keynes believed that small disturbances in the economy would be made even greater by the market mechanism and thus government intervention was required.
FALSE
TRUE
The total amount of output producers are willing and able to produce at alternative price levels in a given time period is known as:
Aggregate supply.
Real GDP.
Aggregate demand.
Macro equilibrium.
At macro equilibrium:
Exports equal imports.
Aggregate demand equals aggregate supply.
Population growth is stable.
Money supply equals money demand.
According to the real balances effect, if the price level rises then the real value of savings increases and individuals will buy more output.
FALSE
TRUE
According to supply-side theories, an increase in supply incentives shifts the aggregate:
Supply curve to the right.
Supply curve to the left.
Demand curve to the left.
Demand curve to the right.
Which of the following is an example of the real balances effect, assuming the U.S. price level decreases?
U.S. production costs stay constant and profits for businesses decrease.
The demand for loans decreases so interest rates decline and loan-financed purchases increase.
U.S. goods are less expensive for foreigners to buy and exports increase.
The purchasing power of money increases and people buy more goods.
Which of the following suggests that lower average prices stimulate more borrowing?
The real balances effect
The cost effect
The profit effect
The interest rate effect
Monetary policy emphasizes the role of money and interest rates in shifting the aggregate supply curve.
TRUE
FALSE
At the intersection of the aggregate supply and aggregate demand curves, the economy is experiencing:
Macro equilibrium.
Full employment.
Low levels of inflation.
Population growth.
The Classical view of the economy is characterized by:
Overt fiscal policy.
A laissez-faire approach.
The inherent instability of the economy.
The belief that demand creates its own supply.
Fiscal policy is the use of the government’s tax and spending powers to shift the aggregate demand curve.
TRUE
FALSE
Figure 11.2—Aggregate supply and demand
Individual employment and training programs are levers most likely to be advocated by:
Keynesians.
Classical economists.
Supply-side economists.
New classical economists.
Ceteris paribus, based on the real balances effect, if the price level falls:
Purchasing power increases.
Real income decreases.
Wealth decreases.
Business profits increase.
Unlike the Classical economists, Keynes asserted that:
Markets would naturally self-adjust.
Wages and prices were flexible.
Laissez-faire would lead to macro equilibrium.
The economy was inherently unstable.
Macro equilibrium always occurs at an optimal level of output.
FALSE
TRUE
A tax hike will increase the level of aggregate demand since the government will have more money to spend.
TRUE
FALSE
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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