Exam 10: Aggregate Supply and Aggregate Demand

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  -In the above figure, the economy is at point A when changes occur. If the new equilibrium has a price level of 100 and real GDP of $14.0 trillion, then it must be the case that -In the above figure, the economy is at point A when changes occur. If the new equilibrium has a price level of 100 and real GDP of $14.0 trillion, then it must be the case that

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  -In the above figure, if the economy is at point A, which of the following is true? -In the above figure, if the economy is at point A, which of the following is true?

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  -In the above figure, when the economy is in a long-run equilibrium, the price level will be -In the above figure, when the economy is in a long-run equilibrium, the price level will be

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A decrease in the price level accompanied by no change in the money wage rate leads to ____________ Movement along the ____________aggregate supply curve.

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  -In the figure above, the economy is at point A when the price level rises to 120. Money wage rates and other resource prices remain constant. Firms are willing to supply output equal to -In the figure above, the economy is at point A when the price level rises to 120. Money wage rates and other resource prices remain constant. Firms are willing to supply output equal to

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In recent years, Japanʹs capital stock has increased by about 6 percent from one year to the next. As a result, we would expect

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  -In the above figure, the short-run aggregate supply curve is SAS<sub>1</sub>. If technology advances, there is -In the above figure, the short-run aggregate supply curve is SAS1. If technology advances, there is

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  -In the above figure, if aggregate demand does not change the short -run equilibrium will -In the above figure, if aggregate demand does not change the short -run equilibrium will

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  -In the above figure, point A represents -In the above figure, point A represents

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  -In the above figure, the economy is initially at point B. If the Fed increases the quantity of money, there is -In the above figure, the economy is initially at point B. If the Fed increases the quantity of money, there is

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Moving along the short-run aggregate supply curve,___________

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An increase in aggregate demand is shown by a

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  -The above figure illustrates -The above figure illustrates

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According to the intertemporal substitution effect, when the price level increases, the interest rate

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Assume the economy is at long run equilibrium and oil prices rise. As a result, the ____________ shifts____________

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An economy is at full employment. Which of the following events can create a recessionary gap?

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When the prices of U.S.-produced goods rise and the price of foreign-produced goods do not change , the result is

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  -In the figure above, in the short-run macroeconomic equilibrium, -In the figure above, in the short-run macroeconomic equilibrium,

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When the quantity of capital increases, then the

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What happens to the aggregate demand curve in the United States if the exchange rate increases so that U.S.-made products become more expensive?

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