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ECON-1012-B-Introduction to Macroeconomics

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Spring shopping is fast approaching and you need to finish your shopping. You decide to purchase the remaining items on Amazon but first you want to compare the prices on Amazon.ca (Canadian Site) with Amazon.com (US Site). You can assume that there are NO shipping charges on either site, NO duties, NO taxes and NO tariffs on any items you buy on the US Site. However, you will have to pay GST of 5% on any goods you buy from the Canadian site. 

Read each of the following questions carefully. Using the Exchange Rate stated below determine if you should buy the particular gift in on your list from the Canadian Amazon (CANADA) site and the US Amazon (US) site. 

Select the Correct Answer in the Drop Down Box beside each item ASSUMING The Canadian Dollar is trading at 0.803695 for one US Dollar.

Total of 5 Marks

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The Foreign Exchange Market for Canadian Dollars.

Story #1: The prices of goods and services in US are falling in other words US is experiencing deflation while in the Canadian prices hold steady. Canadian will travel to the US to shop and Americans will not becoming to Canada to shop.

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Story #2: Ski conditions are AWESOME at Banff, but horrible in the US this season. As a result, Canadian ski resorts realize an increases the number of tourist from the US.

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Assume The Canadian Loanable Funds Market.

Part A: Assume all Canadian household expect a future raise in income of 25%.

and

Part B: Assume the Canadian Federal Government has decreased their deficit.

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The Bank of Canada could use the "Traditional" Monetary Policy to get Canada out of the recession or an inflationary period.  Answer the following questions which explain the process of a Traditional Monetary Policy.

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Using the picture above, answer the Following Questions for a Total of 10 Marks.

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Short Description: A line graph of interest rate versus real money. Long Description: The vertical axis is labelled, interest rate (percent per year) and the horizontal axis is labelled, real money (billions of 20 12 dollars). The line for M D2 slopes downward from the upper left corner to the lower right corner passing through the points B, A, and C from top to bottom. The line for M D1 slopes downward from the upper left corner to the lower right corner, parallel to the line for M D2 on the right and passing through the point E. The line for M D3 slopes downward from the upper left corner to the lower right corner, parallel to the line for M D2 on the left and passing through the point F. The points F, A, and E are at the same vertical height.

Figure 8.5.1

Refer to Figure 8.5.1, which shows possible outcomes in the money market. Which of the following changes shows the effect of a rise in the market price of bonds?
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Short Description: A line graph of real interest rate versus loanable funds. Long Description: The vertical axis is labelled, real interest rate (percent per year) and ranges from 0 to 10 in increments of 2. The horizontal axis is labelled, loanable funds (billions of 20 12 dollars) and ranges from 0 to 900 in increments of 150. The line for D L F slopes downward from the upper left corner to the lower right corner passing through the points (150, 10), (300, 8), (450, 6), (600, 4), and (750, 2).

Figure 7.2.3

Refer to Figure 7.2.3, which shows the demand for loanable funds curve. If the real interest rate is 6 percent, what happens to the quantity of loanable funds demanded when expected profit increases?

The new quantity of loanable funds demanded
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Short Description: A line graph of real interest rate versus loanable funds. Long Description: The vertical axis is labelled, real interest rate (percent per year) and ranges from 0 to 10 in increments of 2. The horizontal axis is labelled, loanable funds (billions of 20 12 dollars) and ranges from 0 to 900 in increments of 150. The line for D L F slopes downward from the upper left corner to the lower right corner passing through the points (150, 10), (300, 8), (450, 6), (600, 4), and (750, 2).

Figure 7.2.3

Refer to Figure 7.2.3, which shows the demand for loanable funds curve. If the real interest rate is 6 percent, what is the quantity of loanable funds demanded?
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All the following statements about Canada's federal government outlays are correct except which one?
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During a recession, how does the automatic stimulus influence the recession?
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