Exam 10: Aggregate Supply and Aggregate Demand

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Use the figure below to answer the following questions. Use the figure below to answer the following questions.    Figure 10.3.3 -Refer to Figure 10.3.3.Which of the graphs illustrates a below full- employment equilibrium? Figure 10.3.3 -Refer to Figure 10.3.3.Which of the graphs illustrates a below full- employment equilibrium?

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Economic growth results when there are increases in

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Use the table below to answer the following questions. Table 10.3.3 Use the table below to answer the following questions. Table 10.3.3    -Refer to Table 10.3.3.When the economy is at its short- run macroeconomic equilibrium, the economy -Refer to Table 10.3.3.When the economy is at its short- run macroeconomic equilibrium, the economy

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We observe an increase in the price level and an increase in real GDP.Which of the following is a possible explanation?

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If real GDP is less than potential GDP, we would expect

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The quantity of real GDP demanded does not depend on decisions made by

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Use the table below to answer the following questions. Table 10.3.3 Use the table below to answer the following questions. Table 10.3.3    -Refer to Table 10.3.3.With no interference from the central bank or the government, the -Refer to Table 10.3.3.With no interference from the central bank or the government, the

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When the actual unemployment rate is equal to the natural unemployment rate, then the

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The defining feature of the Keynesian view of macroeconomics is

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Which one of the following factors will not shift the aggregate demand curve?

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The long- run aggregate supply curve is

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The economy cannot remain indefinitely with real GDP greater than potential GDP because the money wage rate will

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Consider the following events: Event 1: Growth in the world economy slows.Event 2: The world price of oil rises. Event 3: Canadian labour productivity declines.Choose the statement that is correct.

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Which one of the following is a reason for the negative slope of the aggregate demand curve?

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Short- run macroeconomic equilibrium always occurs when the

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If factor prices remain constant, an increase in aggregate demand

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Use the figure below to answer the following questions. Use the figure below to answer the following questions.    Figure 10.1.1 -Refer to Figure 10.1.1.Which graph illustrates the effect of an increase in factor prices? Figure 10.1.1 -Refer to Figure 10.1.1.Which graph illustrates the effect of an increase in factor prices?

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Use the table below to answer the following questions. Table 10.3.1 Use the table below to answer the following questions. Table 10.3.1    -Refer to Table 10.3.1.There is -Refer to Table 10.3.1.There is

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Canadian firms build new pipelines across the nation.What is the effect on the quantity of real GDP demanded or aggregate demand in Canada?

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Toyota and Honda build additional plants in Canada.This event _______ short- run aggregate supply and _______ long- run aggregate supply.

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