Question: I'm preparing for next week's re-test by going through the previous test again. I need help with these problems. Everything is fully given, thanks. A

I'm preparing for next week's re-test by going through the previous test again. I need help with these problems. Everything is fully given, thanks.


A small nation of 10 people idolizes the TV show American Idol. All they produce and consume are karaoke machines and CDS, in the following amounts: Karaoke Machines CDS Price Price Quantity ( Dollars) Quantity ( Dollars) 2014 10 40 30 10 2015 12 60 50 12 If we use 2014 as the base year, and fix the basket at 1 karaoke machine and 3 CDS, the CPI in year 2015 is Blank 1 (please keep 1 digit for your answer). Blank 1 Add your answerFill up the blanks by typing in your answer. Do not type in the quotation mark ". Applying the aggregate demand/aggregate supply model, describe the impact of the following event on GDP and prices in the short run: a fall in the level of consumer confidence due to Covid-19 crisis. Blank 1 (type in "AD" or "AS") will shift to the Blank 2 (type in "right" or "left"). Output will Blank 3 (type in "increase" or "decrease") and price will Blank 4 (type in "increase" or "decrease"). Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer Blank 4 Add your answer Refer to Exhibit . From the data provided, the labor force participation rate is approximately _ _ percent. Civilians Employed Civilians Unemployed Out of Labor Force (180 Million) (15 Million) . .. Total Adult Population 280 Million A 69.6 B 5.4 C) 64.3 D 92.3
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