Ryan lives in an apartment where he pays $7,000 a year in rent. Sarah lives in a house that could be rented for $21,000 a year. How much do these housing services contribute to GDP?

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25 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
$21,000
$28,000
$7,000
$14,000
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Meredith is looking for work as a computer programmer. Although her prospects are good, she has not yet taken a job. Julie is looking for work in a steel mill. Every time she shows up for an interview, there are more people looking for work than there are openings. Someone waiting in line with her tells her it has been that way for a long time.
Meredith and Julie are both frictionally unemployed
Meredith and Julie are both structurally unemployed.
Meredith is frictionally unemployed, and Julie is structurally unemployed
Meredith is structurally unemployed, and Julie is frictionally unemployed
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If the Fed increases the money supply
the interest rate increases, which tends to raise stock prices
the interest rate increases, which tends to reduce stock prices
the interest rate decreases, which tends to raise stock prices
the interest rate decreases, which tends to reduce stock prices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which among the following assets is the most liquid?
corporate bonds
fine art
deposits that can be withdrawn using ATMs
shares of stock
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following sequences best explains the negative slope of the aggregate-demand curve?
price level ↑ ⇒ demand for money ↓ ⇒ equilibrium interest rate ↑ ⇒ quantity of goods and services demanded ↓
price level ↑ ⇒ demand for money ↑ ⇒ equilibrium interest rate ↓ ⇒ quantity of goods and services demanded ↓
price level ↓ ⇒ demand for money ↓ ⇒ equilibrium interest rate ↓ ⇒ quantity of goods and services demanded ↑
price level ↓ ⇒ equilibrium interest rate ↓ ⇒ demand for money ↑ ⇒ quantity of goods and services demanded ↑
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If money demand shifted to the right and the Federal Reserve desired to return the interest rate to its original value, it could
buy bonds to increase the money supply.
buy bonds to decrease the money supply
sell bonds to increase the money supply.
sell bonds to decrease the money supply.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If U.S. consumers increase their demand for apples from New Zealand, then other things the same New Zealand’s
imports and net exports rise.
imports rise and net exports fall.
exports and net exports rise.
exports rise and net exports fall.
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