- The following table shows the aggregate supply and demand data for a country. Price Aggregate Aggregate Level Demand Supply 100 & 10,000 200 & 9,000 300 & 8,000 400 & 7,000 500 & 6,000 600 & 5,000 700 & 4,000 What is the equilibrium output? a. 8,000 b. 4,000 c. 9,000 d. 7,000
- Which of the following newspaper quotations describes a rightward shift of the LRAS curve? a. "The recent tornadoes destroyed many factories in Calgary and Edmonton." b. "Recent higher wage settlements are expected to cause higher inflation this year." c. "The increase in consumer spending is expected to lead to inflation, without any increase in real GDP." d. "The decrease in consumer spending may lead to a recession III e. "Growth has been unusually high the last few years due to more women entering the labour force"
- ?Which is the primary objective of quality management in project management Reducing the likelihood of rework Conducting regular project reviews and audits Aligning deliverables with customer and stakeholder expectations Minimizing resource waste
- 2. Complete the following statement. If I have a retail store in addition to a business website I am likely to save money and time by __ managing separate POS platforms for my retail and online business avoiding platforms with POS since my shop already handles sales choosing a platform that allows POS for both my retail and online business
- The following table shows tho initial aggregate supply and demand data for a country. Price Aggregate Aggregate Level Demand Supply 200 & 10,000 & 4,000 300 & 9,000 & 6,000 400 & 8,000 & 8,000 500 & 7,000 & 9,000 600 & 5,000 & 9,500 700 & 5,000 & 9,800 800 & 4,000 & 9,900 If input prices rise and AS shifts to the left by 2,000 units at each price level, what output level will equal the new equilibrium price? a. 6000 b. 7000 c. 8000 d. 2000
