(Table: Peanut Butter and Jeny Economy) Look at the table Peanut Butter and Jelly Economy. Betwee… 1 answer below »

LIU-Brooklyn ECON. 29. Table: Peanut Butter and Jeny Economy) Look at the table Peanut Butter and Jelly Economy. Between 2010 and 2011, nominal GDP: A) decreased by 12.5% B) increased by 16.67%. C) increased by 31.25%. D) increased by 12.5%. 30. If aggregate expenditures are higher than real GDP: A) aggregate output decreases. B) there are unplanned decreases in inventories. C) <a href=actual real output is greater than equilibrium real output. D) employment decreases. 31. If the Federal Reserve wants to lower the interest rate, it will: A) increase the money supply, B) mandate a lower interest rate. C) decrease the money supply. D) keep the money supply unchanged. Use the following to answer question 32: Table: Peanut Butter and Jelly Price in 2014 Price in 2013 2012 Price in $1.20 $1.10 Peanut Butter 2.50 2.25 Jel market basket consists of 20 jars of peanut butter and 10 jars of jelly. If2012 is the base year, what is the value of the price index in 2012? A) 111.25 B) 100 C) 0 D) 90 Page 9 “>

(Table: Peanut Butter and Jeny Economy) Look at the table Peanut Butter and Jelly Economy. Between 2010 and 2011, nominal GDP: A) decreased by 12.5% B) increased by 16.67%. C) increased by 31.25%. D) increased by 12.5%. If aggregate expenditures are higher than real GDP: A) aggregate output decreases. B) there are unplanned decreases in inventories. C) actual real output is greater than equilibrium real output. D) employment decreases. If the Federal Reserve wants to lower the interest rate it will: A) increase the money supply B) mandate a lower interest rate C) decrease the money supply. D) keep the money supply unchanged Use the following lo answer question 32: (Table. Peanut Butter and Jelly) Look at the table Peanut Butter and Jelly. Suppose a market basket consists of 20 jars of peanut butter and 10 jars of jelly. If 2012 is the base year, what is the value of the price index in 2012? A) 111.25 B) 100 C) 0 D) 90

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