\[\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Price } \\ \text { level } \end{array} & \begin{array} { l } \text { A ggregate } \\ \text { demand } \\ \text { (trillions of } \\ \text { 2005 dollars) } \end{array} & \begin{array} { l } \text { Short-run } \\ \text { aggregate } \\ \text { supply } \\ \text { (trillions of } \\ \text { 2005 dollars) } \end{array} & \begin{array} { l } \text { Long-run } \\ \text { aggregate } \\ \text { supply } \\ \text { (trillions of } \\ \text { 2005 dollars) } \end{array} \\ \hline 140 & 9.0 & 11.5 & 10.0 \\ \hline 130 & 9.5 & 11.0 & 10.0 \\ \hline 120 & 10.0 & 10.5 & 10.0 \\ \hline 110 & 105 & 10.0 & 10.0 \\ \hline 100 & 11.0 & 9.5 & 10.0 \\ \hline \end{array}\] -From the data in the above table, when the economy is at its short -run equilibrium, if aggregate demand does not change, then as time passes the

A) long-run aggregate supply curve shifts rightward. B) short-run aggregate supply curve shifts rightward. C) long-run aggregate supply curve shifts leftward. D) short-run aggregate supply curve shifts leftward. A) long-run aggregate supply curve shifts rightward. B) short-run aggregate supply curve shifts rightward. C) long-run aggregate supply curve shifts leftward. D) short-run aggregate supply curve shifts leftward.

Exam 10: Aggregate Supply and Aggregate Demand

Consider a BMW automobile plant. If the price of BMWs increase by 10 percent and the money wage rate and other costs , there will be .

(Multiple Choice)

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Question 161

According to the intertemporal substitution effect, a fall in the price level will

(Multiple Choice)

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Question 162

If taxes are increased, the AD curve

(Multiple Choice)

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Question 163

During an above full-employment equilibrium, actual GDP is greater than potential GDP.

(True/False)

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Question 164

Which of the following increases aggregate demand?

(Multiple Choice)

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Question 165

Which of the following would NOT shift the U.S. aggregate demand curve?

(Multiple Choice)

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Question 166

-Use the figure above to answer this question. At a price level of 110,

(Multiple Choice)

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Question 167

The short-run aggregate supply curve shifts because of changes in all of the following EXCEPT

(Multiple Choice)

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Question 168

Which of the following changes would NOT shift the aggregate demand curve?

(Multiple Choice)

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Question 169

Suppose there is a temporary increase in the price of oil. This is represented by

(Multiple Choice)

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Question 170

-The above figure depicts an economy

(Multiple Choice)

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Question 171

-In the above figure, which movement illustrates the impact of a constant price level and a rising money wage rate?

(Multiple Choice)

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Question 172

An increase in the quantity of capital increases_ and increase in the full employment quantity of labor increases__ .

(Multiple Choice)

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Question 173

If the quantity of money increases, the

(Multiple Choice)

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Question 174

In the short-run, a decrease in government expenditure _real GDP and _the price level.

(Multiple Choice)

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Question 175

-In the above figure, the economy will be at full employment if the price level

(Multiple Choice)

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Question 176

Price level A ggregate demand (trillions of 2005 dollars) Short-run aggregate supply (trillions of 2005 dollars) Long-run aggregate supply (trillions of 2005 dollars) 140 9.0 11.5 10.0 130 9.5 11.0 10.0 120 10.0 10.5 10.0 110 105 10.0 10.0 100 11.0 9.5 10.0 -From the data in the above table, when the economy is at its short -run equilibrium, if aggregate demand does not change, then as time passes the

(Multiple Choice)

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Question 177

Suppose the economy is experiencing a recessionary gap. In the long run, if aggregate demand does not change the money wage rate , unemployment , and the price level

(Multiple Choice)

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Question 178

The long-run aggregate supply curve is the relationship between the quantity of real GDP supplied and _when _ .

(Multiple Choice)

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Question 179

The long-run aggregate supply curve is

(Multiple Choice)

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Question 180

Consider a BMW automobile plant. If the price of BMWs increase by 10 percent and the money wage rate and other costs , there will be .

According to the intertemporal substitution effect, a fall in the price level will

If taxes are increased, the AD curve

During an above full-employment equilibrium, actual GDP is greater than potential GDP.

Which of the following increases aggregate demand?

Which of the following would NOT shift the U.S. aggregate demand curve?

-Use the figure above to answer this question. At a price level of 110,

The short-run aggregate supply curve shifts because of changes in all of the following EXCEPT

Which of the following changes would NOT shift the aggregate demand curve?

Suppose there is a temporary increase in the price of oil. This is represented by

-The above figure depicts an economy

-In the above figure, which movement illustrates the impact of a constant price level and a rising money wage rate?

An increase in the quantity of capital increases_ and increase in the full employment quantity of labor increases__ .

If the quantity of money increases, the

In the short-run, a decrease in government expenditure _real GDP and _the price level.

-In the above figure, the economy will be at full employment if the price level

Suppose the economy is experiencing a recessionary gap. In the long run, if aggregate demand does not change the money wage rate , unemployment , and the price level

The long-run aggregate supply curve is the relationship between the quantity of real GDP supplied and _when _ .

The long-run aggregate supply curve is

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

Consider a BMW automobile plant. If the price of BMWs increase by 10 percent and the money wage rate and other costs ____________ , there will be____________ .

According to the intertemporal substitution effect, a fall in the price level will

If taxes are increased, the AD curve

During an above full-employment equilibrium, actual GDP is greater than potential GDP.

Which of the following increases aggregate demand?

Which of the following would NOT shift the U.S. aggregate demand curve?

-Use the figure above to answer this question. At a price level of 110,

The short-run aggregate supply curve shifts because of changes in all of the following EXCEPT

Which of the following changes would NOT shift the aggregate demand curve?

Suppose there is a temporary increase in the price of oil. This is represented by

-The above figure depicts an economy

-In the above figure, which movement illustrates the impact of a constant price level and a rising money wage rate?

An increase in the quantity of capital increases_________ and increase in the full employment quantity of labor increases__________ .

If the quantity of money increases, the

In the short-run, a decrease in government expenditure ___________real GDP and ___________the price level.

-In the above figure, the economy will be at full employment if the price level

Suppose the economy is experiencing a recessionary gap. In the long run, if aggregate demand does not change the money wage rate , ____________unemployment ,____________ and the price level____________

The long-run aggregate supply curve is the relationship between the quantity of real GDP supplied and ___________when ___________ .

The long-run aggregate supply curve is

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

Consider a BMW automobile plant. If the price of BMWs increase by 10 percent and the money wage rate and other costs , there will be .

An increase in the quantity of capital increases_ and increase in the full employment quantity of labor increases__ .

In the short-run, a decrease in government expenditure _real GDP and _the price level.

Suppose the economy is experiencing a recessionary gap. In the long run, if aggregate demand does not change the money wage rate , unemployment , and the price level

The long-run aggregate supply curve is the relationship between the quantity of real GDP supplied and _when _ .