Psu Econ 104 Final Exam Actual Questions And Answers 2024 Graded A+ - Brown

Which of the following is a new tool of monetary policy as mentioned in this lesson? Reserve Requirements Open Market Operations Interest rate paid on reverse repurchasing agreements Discount policy {Ans: Interest rate paid on reverse repurchasing agreements}Suppose Apple plans to produce 9.5 million iPhones this year. The company expects to sell 7.6 million. Suppose that at the end of the year, Apple has sold 7.2 million iPhones. What is the level of planned inventories? {Ans: 1.9}In 1986, an Apple IIe computer with 65 kilobytes of memory cost around $1,500. Today, a $1,500 iMac computer (also made by Apple) comes with 8 gigabytes of memory. This illustrates the potential for what kind of bias in CPI calculations? {Ans: increase in quality bias}If the short-run aggregate supply increases by less than the long-run aggregate supply, then, at the short-run equilibrium {Ans: GDP will be below potential GDP.}During a recessionary period, the unemployment rate __________ and the total output and production __________. {Ans: rises; falls}Holding all else constant, a decrease in consumers' expected future income would be represented by a movement to __________. {Ans: the left}Suppose your friend's grandmother earned a salary of $12,855 in 1965.