For the aggregate demand and aggregate supply listed in schedule #2 of the table given below,the equilibrium output level and price level are: ? Table 10.1 ? ? \[\begin{array} { c c c c c } \begin{array} { c } \text { Quantity of } \\ \text { Aggregate Output } \\ \text { Demanded } \end{array} & \begin{array} { c } \text { Price } \\ \text { Level } \end{array} &\#1& \begin{array} { c } \text { Quantity of } \\ \text { Aggregate Output Supplied } \\ \# 2 \end{array} & \# 3 \\ \hline \$ 7.0 & 110 & \$ 5.0 & \$ 6.0 & \$ 4.0 \\ 6.5 & 120 & 5.5 & 6.5 & 4.5 \\ 6.0 & 130 & 6.0 & 7.0 & 5.0 \\ 5.5 & 140 & 6.5 & 7.5 & 5.5 \\ 5.0 & 150 & 7.0 & 8.0 & 6.0 \end{array}\] ?

A) $7.0 and 110,respectively. B) $6.5 and 120,respectively. C) $6.0 and 130,respectively. D) $5.5 and 140,respectively. E) $5.0 and 150,respectively. A) $7.0 and 110,respectively. B) $6.5 and 120,respectively. C) $6.0 and 130,respectively. D) $5.5 and 140,respectively. E) $5.0 and 150,respectively.

Exam 10: Aggregate Supply

The figure below shows equilibrium in an aggregate demand-aggregate supply model.Which of these statements is true if the economy described by this figure is at point M on SRAS100?

(Multiple Choice)

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Question 61

Which of these does not hold true if an economy is simultaneously in long-run and short-run equilibrium?

(Multiple Choice)

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Question 62

The short-run equilibrium output in the economy described by the figure given below is Y1.

(True/False)

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Question 63

Which of the following changes best represents the effect of the oil embargo (a shut-off of oil from certain OPEC countries)of the 1970s on the U.S.?

(Multiple Choice)

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Question 64

In 2009,actual output in the U.S.was 4.7 percent below the potential output.This implies that the:

(Multiple Choice)

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Question 65

Suppose the real wage of a worker remains unchanged between Year 1 and Year 2 but the nominal wage decreases from $20 in Year 1 to $18 in Year 2.This implies that the price level has:

(Multiple Choice)

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Question 66

In constructing a short-run aggregate supply curve,we assume that the goal of business is to:

(Multiple Choice)

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Question 67

Which of the following types of unemployment is likely to exist in an economy that is at its potential output level?

(Multiple Choice)

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Question 68

The figure below shows equilibrium in an aggregate demand-aggregate supply model.Which of these situations will be experienced by the economy as it moves from point e to point e'?

(Multiple Choice)

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Question 69

Which of the following is true of a recessionary gap?

(Multiple Choice)

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Question 70

The long run is the period of time during which:

(Multiple Choice)

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Question 71

Which of the following is true in the long run?

(Multiple Choice)

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Question 72

The potential output of an economy is the level of output produced when the:

(Multiple Choice)

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Question 73

The amount by which actual output falls short of potential output is called:

(Multiple Choice)

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Question 74

In the long run,the price level in an economy is determined solely by:

(Multiple Choice)

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Question 75

The main effect of a decrease in the stock of capital is a(n):

(Multiple Choice)

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Question 76

For the aggregate demand and aggregate supply listed in schedule #2 of the table given below,the equilibrium output level and price level are: ? Table 10.1 ? ? Quantity of Aggregate Output Demanded Price Level \#1 Quantity of Aggregate Output Supplied \#2 \#3 \ 7.0 110 \ 5.0 \ 6.0 \ 4.0 6.5 120 5.5 6.5 4.5 6.0 130 6.0 7.0 5.0 5.5 140 6.5 7.5 5.5 5.0 150 7.0 8.0 6.0 ?

(Multiple Choice)

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Question 77

The figure below shows equilibrium in an aggregate demand-aggregate supply model.Which of the following will be true of an economy in the long run that is at point M in the short run?

(Multiple Choice)

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Question 78

Which of the following supply shocks would shift the aggregate supply curve inward?

(Multiple Choice)

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Question 79

Which of the following is true if marginal costs increase at a slow rate as output increases?

(Multiple Choice)

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Question 80

Showing 61 - 80 of 150

The figure below shows equilibrium in an aggregate demand-aggregate supply model.Which of these statements is true if the economy described by this figure is at point M on SRAS100?

Which of these does not hold true if an economy is simultaneously in long-run and short-run equilibrium?

The short-run equilibrium output in the economy described by the figure given below is Y1.

Which of the following changes best represents the effect of the oil embargo (a shut-off of oil from certain OPEC countries)of the 1970s on the U.S.?

In 2009,actual output in the U.S.was 4.7 percent below the potential output.This implies that the:

Suppose the real wage of a worker remains unchanged between Year 1 and Year 2 but the nominal wage decreases from $20 in Year 1 to $18 in Year 2.This implies that the price level has:

In constructing a short-run aggregate supply curve,we assume that the goal of business is to:

Which of the following types of unemployment is likely to exist in an economy that is at its potential output level?

The figure below shows equilibrium in an aggregate demand-aggregate supply model.Which of these situations will be experienced by the economy as it moves from point e to point e'?

Which of the following is true of a recessionary gap?

The long run is the period of time during which:

Which of the following is true in the long run?

The potential output of an economy is the level of output produced when the:

The amount by which actual output falls short of potential output is called:

In the long run,the price level in an economy is determined solely by:

The main effect of a decrease in the stock of capital is a(n):

The figure below shows equilibrium in an aggregate demand-aggregate supply model.Which of the following will be true of an economy in the long run that is at point M in the short run?

Which of the following supply shocks would shift the aggregate supply curve inward?

Which of the following is true if marginal costs increase at a slow rate as output increases?

The Art and Science of Economic Analysis

Some Tools of Economic Analysis

Economic Decision Makers

Demand, Supply, and Markets

Introduction to Macroeconomics

Tracking the U S Economy

Unemployment and Inflation

Us Productivity and Growth

Aggregate Demand

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

The Policy Debate: Active or Passive

International Trade

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Economic Development

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