Exam 10: Aggregate Supply and Aggregate Demand

When talking about aggregate supply, it is necessary to

When the exchange increases so that the value of the dollar rises, then the

Give examples of factors that decrease short- run aggregate supply. Which way does the SAS curve shift?

What is the difference between the long- run aggregate supply and the short- run aggregate supply curves?

Suppose the economy was initially in a long- run equilibrium. Then the world economy expands so that foreign incomes rise. U.S. aggregate demand and eventually the money wage rate )

Give examples of factors that decrease aggregate demand. Which way does the aggregate demand curve shift?

The positive relationship between short- run aggregate supply and the price level indicates that, in the short run,

An increase in the quantity of capital shifts both the long- run and short- run aggregate supply curves.

A decrease in consumption expenditure resulting from a decrease in expected future consumer income results in

Short- run equilibrium occurs at the intersection of

Suppose the price level rises and the money wage remains constant. This set of changes leads to

The aggregate demand curve shows that, if other factors are held constant, a

Moving along the aggregate demand curve, a decrease in the quantity of real GDP demanded is a result of

economists believe that the economy is self- regulating and will be at full employment as long as monetary policy is not erratic.

A recessionary gap occurs when

-Based on the data in the table above, the economy will be in short- run equilibrium at a price level of

If the aggregate demand curve shifts faster than the long- run aggregate supply curve, then _ occurs.

In the short run, a rightward shift of the short- run aggregate supply curve real GDP and The price level.

The long- run aggregate supply curve is upward sloping.

Which of the following directly shifts the short- run aggregate supply curve?