Exam 10: Aggregate Supply and Aggregate Demand

Explain the relationship of the long-run aggregate supply curve, the short-run aggregate supply curve and the aggregate demand curve in determining a long -run and short-run macroeconomic equilibrium.

(Essay)

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Question 221

The land of Ur increases its capital stock. As a result, the long-run aggregate supply curve shifts_ and so does the _curve.

(Multiple Choice)

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Question 222

If you have $5,000 in wealth and the price level decreases 20 percent, then

(Multiple Choice)

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Question 223

If the economy is in short run equilibrium then

(Multiple Choice)

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Question 224

-In the above figure, real GDP at full employment is

(Multiple Choice)

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Question 225

All of the following shift the short-run aggregate supply curve EXCEPT

(Multiple Choice)

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Question 226

There are several reasons why the aggregate demand curve is downward sloping. Which of the following correctly describes one of these explanations?

(Multiple Choice)

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Question 227

-The economy is initially at point A in the figure. An increase in will move the economy to point and then an increase in will move the economy to point .

(Multiple Choice)

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Question 228

What is the difference between a recessionary gap and an inflationary gap?

(Essay)

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Question 229

In 2008, the dollar appreciated relative to the euro. This appreciation caused and a

(Multiple Choice)

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Question 230

____________ economists believe that active help from fiscal and monetary policy is needed to insure that the economy is operating at full employment.

(Multiple Choice)

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Question 231

The country of Stanley is at an above-full employment equilibrium. Which of the following events will return Stanley to full-employment?

(Multiple Choice)

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Question 232

In the macroeconomic long run,

(Multiple Choice)

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Question 233

The economy is in its short run equilibrium at the point where the

(Multiple Choice)

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Question 234

Suppose there is a increase in short-run aggregate supply with no change in long -run aggregate supply. This situation could be the result of

(Multiple Choice)

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Question 235

-In the above figure, point B depicts

(Multiple Choice)

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Question 236

Which of the following changes does NOT shift the short-run aggregate supply curve?

(Multiple Choice)

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Question 237

Suppose the exchange rate falls from $1.20 Canadian per U.S. dollar to $1.10 Canadian per U.S. dollar. U.S. exports will , U.S. imports will , and U.S. aggregate demand will

(Multiple Choice)

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Question 238

-In the above figure, suppose the economy had been at point A and now is at B. What could have lead to the movement to B?

(Multiple Choice)

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Question 239

If the money wage rate increases, the short-run aggregate supply curve shifts rightward.

(True/False)

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Question 240

Showing 221 - 240 of 411

Explain the relationship of the long-run aggregate supply curve, the short-run aggregate supply curve and the aggregate demand curve in determining a long -run and short-run macroeconomic equilibrium.

The land of Ur increases its capital stock. As a result, the long-run aggregate supply curve shifts_ and so does the _curve.

If you have $5,000 in wealth and the price level decreases 20 percent, then

If the economy is in short run equilibrium then

-In the above figure, real GDP at full employment is

All of the following shift the short-run aggregate supply curve EXCEPT

There are several reasons why the aggregate demand curve is downward sloping. Which of the following correctly describes one of these explanations?

-The economy is initially at point A in the figure. An increase in will move the economy to point and then an increase in will move the economy to point .

What is the difference between a recessionary gap and an inflationary gap?

In 2008, the dollar appreciated relative to the euro. This appreciation caused and a

____________ economists believe that active help from fiscal and monetary policy is needed to insure that the economy is operating at full employment.

The country of Stanley is at an above-full employment equilibrium. Which of the following events will return Stanley to full-employment?

In the macroeconomic long run,

The economy is in its short run equilibrium at the point where the

Suppose there is a increase in short-run aggregate supply with no change in long -run aggregate supply. This situation could be the result of

-In the above figure, point B depicts

Which of the following changes does NOT shift the short-run aggregate supply curve?

Suppose the exchange rate falls from $1.20 Canadian per U.S. dollar to $1.10 Canadian per U.S. dollar. U.S. exports will , U.S. imports will , and U.S. aggregate demand will

-In the above figure, suppose the economy had been at point A and now is at B. What could have lead to the movement to B?

If the money wage rate increases, the short-run aggregate supply curve shifts rightward.

What Is Economics

The Economic Problem

Demand and Supply

Measuring Gdp and Economic Growth

Monitoring Jobs and Inflation

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Expenditure Multipliers: the Keynesian Model

U.S Inflation, Unemployment, and Business Cycle

Fiscal Policy

Monetary Policy

International Trade Policy

Review

Filters

Exam 10: Aggregate Supply and Aggregate Demand

Explain the relationship of the long-run aggregate supply curve, the short-run aggregate supply curve and the aggregate demand curve in determining a long -run and short-run macroeconomic equilibrium.

The land of Ur increases its capital stock. As a result, the long-run aggregate supply curve shifts___________ and so does the ___________curve.

If you have $5,000 in wealth and the price level decreases 20 percent, then

If the economy is in short run equilibrium then

-In the above figure, real GDP at full employment is

All of the following shift the short-run aggregate supply curve EXCEPT

There are several reasons why the aggregate demand curve is downward sloping. Which of the following correctly describes one of these explanations?

-The economy is initially at point A in the figure. An increase in____________ will move the economy to point ____________ and then an increase in____________ will move the economy to point____________ .

What is the difference between a recessionary gap and an inflationary gap?

In 2008, the dollar appreciated relative to the euro. This appreciation caused __________and a__________

____________ economists believe that active help from fiscal and monetary policy is needed to insure that the economy is operating at full employment.

The country of Stanley is at an above-full employment equilibrium. Which of the following events will return Stanley to full-employment?

In the macroeconomic long run,

The economy is in its short run equilibrium at the point where the

Suppose there is a increase in short-run aggregate supply with no change in long -run aggregate supply. This situation could be the result of

-In the above figure, point B depicts

Which of the following changes does NOT shift the short-run aggregate supply curve?

Suppose the exchange rate falls from $1.20 Canadian per U.S. dollar to $1.10 Canadian per U.S. dollar. U.S. exports will __________, U.S. imports will , and U.S. aggregate demand will__________

-In the above figure, suppose the economy had been at point A and now is at B. What could have lead to the movement to B?

If the money wage rate increases, the short-run aggregate supply curve shifts rightward.

What Is Economics

The Economic Problem

Demand and Supply

Measuring Gdp and Economic Growth

Monitoring Jobs and Inflation

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Expenditure Multipliers: the Keynesian Model

U.S Inflation, Unemployment, and Business Cycle

Fiscal Policy

Monetary Policy

International Trade Policy

Review

Filters

The land of Ur increases its capital stock. As a result, the long-run aggregate supply curve shifts_ and so does the _curve.

-The economy is initially at point A in the figure. An increase in will move the economy to point and then an increase in will move the economy to point .

In 2008, the dollar appreciated relative to the euro. This appreciation caused and a

Suppose the exchange rate falls from $1.20 Canadian per U.S. dollar to $1.10 Canadian per U.S. dollar. U.S. exports will , U.S. imports will , and U.S. aggregate demand will