Explore all topics
Start Free Trial
Need Help? Contact us
back arrowfull exam logo
search
ai logoChat with AI
Servicesarrow
Discoverarrow

Topics

Explore all topics
Discover more topics

Exam 7: Aggregate Demand and Aggregate Supply

arrow
Exam 1: Economics: the Study of Choice145 Questionsadd course
Exam 3: Demand and Supply251 Questionsadd course
Exam 4: Applications of Supply and Demand113 Questionsadd course
Exam 5: Macroeconomics: the Big Picture145 Questionsadd course
Exam 6: Measuring Total Output and Income161 Questionsadd course
Exam 7: Aggregate Demand and Aggregate Supply166 Questionsadd course
Exam 8: Economic Growth136 Questionsadd course
Exam 9: The Nature and Creation of Money224 Questionsadd course
Exam 10: Financial Markets and the Economy175 Questionsadd course
Exam 11: Monetary Policy and the Fed178 Questionsadd course
Exam 12: Government and Fiscal Policy177 Questionsadd course
Exam 13: Consumption and the Aggregate Expenditures Model219 Questionsadd course
Exam 14: Investment and Economic Activity138 Questionsadd course
Exam 15: Net Exports and International Finance199 Questionsadd course
Exam 16: Inflation and Unemployment132 Questionsadd course
Exam 17: A Brief History of Macroeconomic Thought and Policy123 Questionsadd course
Exam 18: Inequality, Poverty, and Discrimination140 Questionsadd course
Select questions type
  • Essay
  • Multiple Choice
  • Short Answer
  • True False
  • Matching
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
Select questions type
  • Essay
  • Multiple Choice
  • Short Answer
  • True False
  • Matching
  • Select Tags

Use the following to answer questions . Exhibit: Using the Aggregate Demand/Aggregate Supply Model 1 Use the following to answer questions . Exhibit: Using the Aggregate Demand/Aggregate Supply Model 1 -(Exhibit: Using the Aggregate Demand/Aggregate Supply Model 1) Suppose the economy is initially at point A. Now suppose an increase in government purchases shifts the aggregate demand curve to AD<sub>2</sub>. Which of the following statements best explains how the economy responds to restore long-run macroeconomic equilibrium? -(Exhibit: Using the Aggregate Demand/Aggregate Supply Model 1) Suppose the economy is initially at point A. Now suppose an increase in government purchases shifts the aggregate demand curve to AD2. Which of the following statements best explains how the economy responds to restore long-run macroeconomic equilibrium?

(Multiple Choice)
4.9/5
(37)
Question 161

A movement along the aggregate demand curve is called a

(Multiple Choice)
4.8/5
(29)
Question 162

Wage and price stickiness

(Multiple Choice)
4.7/5
(26)
Question 163

In the short-run, an output gap occurs because

(Multiple Choice)
4.7/5
(28)
Question 164

The interest rate effect suggests that the negative slope of the aggregate demand curve results because changes in the price level affect

(Multiple Choice)
4.9/5
(33)
Question 165

Which of the following is a source of wage stickiness? I. fixed wage contracts II. minimum wage laws III. workers and firms want to avoid complexity of negotiating contracts frequently

(Multiple Choice)
4.8/5
(30)
Question 166
Showing 161 - 166 of 166
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)