Macroeconomics 9th Edition Stephen Slavin - Solutions

Discover the ultimate resource for mastering "Macroeconomics 9th Edition" by Stephen Slavin. Access our comprehensive collection of online answers key and solutions manual, offering step-by-step answers to all the solved problems. Enhance your understanding with our detailed chapter solutions and test bank, designed to complement the instructor manual. Whether you're seeking textbook insights or free download options, our solutions PDF provides the essential questions and answers you need. Elevate your learning experience with our expertly crafted content, ensuring you excel in your studies with ease and confidence.

Under the gold standard, if country J imports more than it exports, it has to ship ____________ to the trading partners with whom it has trade defi cits. This will depress country J’s ____________ , and its price level will ____________ . (LO3)
To be on the gold standard, a nation must maintain a fi xed ratio between its gold stock and ____________ . (LO3)
A nation is on the gold standard when it ____________ . (LO3)
The poverty line is set by the ____________ . (LO 4 )
The basic problem with the absolute concept of poverty is fi nding the ____________ . (LO 4 )
About ____________ percent of all poor people are black. (LO 4 )
About ____________ one out of every black Americans is poor. (LO 4 )
The two biggest benefi t programs aimed solely at the poor are ____________ and ____________ . (LO 6 )
The richest 1 percent of our population owns over ____________ percent of our wealth. (LO 3 )
If the Fed wants to increase the money supply, it will follow these two steps: (1) __________ ; (2) __________ ; and if these do not prove suffi cient, it may __________ . ( LO5 )
At the present time, nearly all checking deposits are subject to a legal reserve requirement of __________ percent. ( LO2 , 5 )
Rather than pay off depositors of a failed bank, the FDIC would prefer that __________ . ( LO7 )
The FDIC insures all bank deposits of up to$ __________ . ( LO7 )
M2 is almost times the size of M1 __________ . ( LO6 )
When equilibrium GDP is equal to full-employment GDP, we have an infl ationary gap equal to __________ . ( LO1 , 2 )
Fiscal policy was invented by __________ . ( LO5 )
In addition to the automatic stabilizer, we have fi scal policy __________ . ( LO4 , 5 )
Perhaps the most countercyclical of all the automatic stabilizers is the __________ . ( LO4 )
The crowding-out effect states that when the Treasury borrows a lot of money to fi nance a budget defi cit, __________ . ( LO9 )
Welfare spending, unemployment compensation, and direct taxes are all examples of __________ . ( LO4 )
The two ways of eliminating a recessionary gap are(1) __________ and (2) __________ . ( LO1 , 2 )
The two ways of eliminating an infl ationary gap are(1) __________ and (2) __________ . ( LO1 , 2 )
We could eliminate infl ationary gaps and recessionary gaps by making __________ GDP equal to __________ GDP. ( LO1 , 2 )
The means that fi scal policy uses to attain its goals are the manipulation of __________ and __________ . ( LO5 )
The two reasons why the aggregate supply curve moves upward to the right are: (1) __________ and(2) __________ . ( LO4 )
Since President George W. Bush took offi ce the misery index has been below ____________ . (LO8)
The worst recessions since World War II began in the year ____________ and the year ____________ . (LO1)
Over time, per capita real GDP comparisons become ____________ valid. (LO6)
Per capita real GDP is found by dividing ____________ by ____________ . (LO6)
Economists call the psychological strain associated with work ____________ . (LO7)
Economists call any good or service that people are willing to pay for ____________ . (LO7)
Goods and services produced without the government’s knowledge are part of the ____________ economy. (LO7)
____________ measures total production in one year. (LO1)
GDP includes only payments for ____________ . ( LO1, 2)
Had Anne Gindorff Heinz been alive during World War I, her standard of living would have been about ____________ percent of what it would be today. (LO6)
If Diane Hilgers had been alive during the American Revolution, her standard of living would have been about ____________ percent of what it would be today. (LO6)
NDP - ____________ = ____________ national income. ( LO2 , 3 )
GDP - ____________ = NDP. (LO2)
Nearly all our goods and services are produced by ____________ . ( LO1 , 2 )
The nation’s expenditure on all the fi nal goods and services produced during the year at market prices is ____________ . (LO1)
The world’s biggest exporting nation is ____________ . (LO5)
The main concern of the labor union members who were protesting against the WTO, the IMF, and the World Bank was ____________ . (LO6)
The only trading bloc that has eliminated all its internal tariffs is ____________ . (LO6)
Our exports of goods and services are about ____________ percent of our GDP. (LO2)
Farmers in poor countries with foreign grain imports have been most hurt by American and European ____________ . (LO7)
In the year 2007 we ran a trade defi cit of $ ____________ billion. (LO2)
The three members of NAFTA are____________, ____________ , and ____________ . (LO6)
Xn = ____________ - ____________ . (LO3)
As disposable income rises, C + I + G ____________ . (LO2 )
If Adam Smith were alive today, he would say that our government is too ____________ . (LO6 )
If you earned $10,000 in 2008, how much did the federal government collect in payroll tax?$ ____________ . (LO5 )(Hint: both you and your employer pay this tax.)
The maximum marginal tax rate of the federal personal income tax today is ____________ percent. (LO5 )
The most important source of federal tax revenue is the ____________ tax. (LO5 )
In 2008 the Social Security tax rate was ____________ percent. (LO5 )
Examples of regressive taxes include ____________ and ____________ . (LO3 )
Progressive taxes place the greatest burden on the ____________ . (LO3 )
The average tax rate is found by dividing ____________ by ____________ . (LO4 )
The largest federal government transfer payment is ____________ . (LO5 )
Fiscal year 2007 began on ____________ (fi ll in month, day, and year). (LO1 )
Name basic economic infl uences of the federal government: (1) ____________ ; (2) ____________ ; and(3) ____________ . (LO6 )
The economic role of the federal government began to get very large in the year ____________ . (LO1 )
Total investment is found by adding (1) ____________ ;(2) ____________ ; and (3) ____________ . (LO5)
An investment will be undertaken if the expected profi t rate is higher than the ____________ . (LO5)
The expected profi t rate is found by dividing ____________ by ____________ . (LO5)
During severe recessions, our capacity utilization rate falls to around ____________ percent. (LO5)
In Marx’s terms, the people who wait outside the factory gates for work are the ____________ . (LO4)
According to Karl Marx, capital was created by the ____________ and expropriated by the ____________ . (LO4)
Gross investment - ____________ = Net investment. (LO3)
The least stable form of investment is ____________ investment. (LO5)
Theoretically, you would need an investment of about$ ____________ to control a corporation that had $100 million in preferred stock, $50 million in common stock, and $350 million in bonds. (LO1)
The creditors of a corporation are mainly its ____________ . (LO1)
A corporation is controlled by its ____________ . (LO1)
A corporation is owned by its ____________ and its ____________ . (LO1)
The two main disadvantages of incorporating are (1) ____________ and (2) ____________ . (LO1)
The key advantage of incorporating is ____________ . (LO1)
A partnership is owned by ____________ people. (LO1)
There are about ____________ million business fi rms in the United States. (LO1)
Of the big three spending sectors of GDP, the least stable is ____________ . (LO5)
When the C line crosses the 45-degree line, saving is equal to ____________ . ( LO5 , 6 )
1 - MPS = ____________ . ( LO3 , 4 )
The average propensity to consume in the United States today is about ____________ . ( LO1 )
The most important determinant of the level of consumption is ____________ . ( LO7 )
According to the saving function, as disposable income rises, ____________ . ( LO6 )
Induced consumption is induced by ____________ . ( LO9 )
Dissaving takes place when ____________ . ( LO5 )
The consumption function states that ____________ . ( LO5 )
The APS + the APC = ____________ . ( LO1 , 2 )
The average propensity to consume is found by dividing ____________ by ____________ . ( LO1 )
About ____________ percent of what Americans spend on consumption is spent on services. ( LO1 , 5 )
Price fl oors keep prices ____________ equilibrium price; price ceilings keep prices ____________ equilibrium price. ( LO5 , 6 )
If price were $8, there would be a (shortage orsurplus) ____________ of ____________ units of quantity. ( LO5 , 6 ) Price ($) 24 22 20 18 16 14 12 10 8 6 4 S D. 0 10 20 30 40 50 60 70 80 90 100 Quantity
If price were $20, there would be a (shortage orsurplus) ____________ of ____________ units of quantity. ( LO5 , 6 ) Price ($) 24 22 20 18 16 14 12 10 8 6 4 S D. 0 10 20 30 40 50 60 70 80 90 100 Quantity
Equilibrium quantity is about ____________. ( LO3 ) Price ($) 24 22 20 18 16 14 12 10 8 6 4 S D. 0 10 20 30 40 50 60 70 80 90 100 Quantity
Equilibrium price is about $ ____________. ( LO3 ) Price ($) 24 22 20 18 16 14 12 10 8 6 4 S D. 0 10 20 30 40 50 60 70 80 90 100 Quantity
When the supply of money falls, interest rates ____________. ( LO7 )
What happens to interest rates when the demand for money rises? ____________. ( LO3 , 7 )
Interest rates are set by and ____________. ( LO3 , 7 )
Price fl oors and price ceilings are set by ____________. ( LO5 , 6 )
If supply falls and demand remains the same, equilibrium price will ____________, and equilibrium quantity will ____________. ( LO3 )
Shortages are associated with price ____________;surpluses are associated with price ____________. ( LO5 , 6 )

Showing 1 - 100 of 6280

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last

Macroeconomics 9th Edition Stephen Slavin - Solutions

Step by Step Answers