Exhibit 16A-2 Macro AD/AS Models In Panel (b) of Exhibit 16A-2, the economy is initially in short-run equilibrium at real GDP level Y1 and price level P2. If the federal government or Fed decides to intervene, it would most likely:

A) decrease taxes. B) increase the money supply. C) increase the level of government spending for goods and services. D) decrease the level of government spending for goods and services. A) decrease taxes. B) increase the money supply. C) increase the level of government spending for goods and services. D) decrease the level of government spending for goods and services.

Exhibit 10A-1 Aggregate demand and supply model Beginning from short-run equilibrium at point E2 in Exhibit 10A-1, the economy's movement to a new position of long-run equilibrium would best be described as:

A) a movement along the AD 2 curve with a shift in the SRAS 1 curve. B) a movement along the SRAS 2 curve with a shift in the AD 2 curve. C) a shift in the LRAS curve to an intersection at E 1 . D) no shift of any kind. A) a movement along the AD 2 curve with a shift in the SRAS 1 curve. B) a movement along the SRAS 2 curve with a shift in the AD 2 curve. C) a shift in the LRAS curve to an intersection at E 1 . D) no shift of any kind.

Exam 31: Understanding Direct and Inverse Relationships between Variables

Explore all topics

Exhibit 16A-2 Macro AD/AS Models In Panel (b) of Exhibit 16A-2, the economy is initially in short-run equilibrium at real GDP level Y₁ and price level P₂. If the federal government or Fed decides to intervene, it would most likely:

(Multiple Choice)

4.9/5

(34)

Question 141

In the long run, a decrease in aggregate demand causes the price level to _ and the long-run aggregate supply curve to _______.

(Multiple Choice)

4.8/5

(29)

Question 142

Exhibit 1A-1 Straight line In Exhibit 1A-1, as X increases along the horizontal axis, from point A to point B on the line, the Y values

(Multiple Choice)

4.9/5

(37)

Question 143

Exhibit 6A-5 Consumer Equilibrium Given the budget lines and indifference curves shown in Exhibit 6A-5, if the budget line shifts from AB to AC, then the equilibrium points X and Y:

(Multiple Choice)

4.7/5

(39)

Question 144

Assuming the economy is experiencing a recessionary gap, classical economists predict that:

(Multiple Choice)

4.9/5

(35)

Question 145

Exhibit 10A-1 Aggregate demand and supply model Beginning from short-run equilibrium at point E₂ in Exhibit 10A-1, the economy's movement to a new position of long-run equilibrium would best be described as:

(Multiple Choice)

4.7/5

(42)

Question 146

An upward-sloping line or curve is used to illustrate:

(Multiple Choice)

4.8/5

(33)

Question 147

Which of the following pairs is the most likely to exhibit an inverse relationship?

(Multiple Choice)

4.8/5

(37)

Question 148

Suppose Alice sells a good for $60 on eBay. If the producer surplus from the sale is $25, Alice's cost of the good must have been:

(Multiple Choice)

4.9/5

(39)

Question 149

Moving downward along an indifference curve causes a(n)

(Multiple Choice)

4.9/5

(42)

Question 150

Exhibit 1A-3 Straight line Straight line AB in Exhibit 1A-3 is a downward sloping line illustrating:

(Multiple Choice)

4.8/5

(47)

Question 151

Exhibit 10A-5 Macro AD-AS Model Economic growth is represented in Exhibit 10A-5 by:

(Multiple Choice)

4.8/5

(40)

Question 152

Which of the following is not a result if the quantity supplied exceeds the quantity demanded in a market?

(Multiple Choice)

4.8/5

(33)

Question 153

Deadweight loss is not the result of:

(Multiple Choice)

5.0/5

(30)

Question 154

Using supply and demand curve analysis, the triangular area above the equilibrium price and under the demand curve is:

(Multiple Choice)

4.8/5

(32)

Question 155

Exhibit 6A-5 Consumer Equilibrium Given the budget lines and indifference curves shown in Exhibit 6A-5, if the budget line shifts from AC to AB, then the consumer will purchase:

(Multiple Choice)

4.8/5

(45)

Question 156

Exhibit 3A-2 Comparison of Market Efficiency and Deadweight Loss As shown in Exhibit 3A-2, if the market is in equilibrium, then total surplus is represented by:

(Multiple Choice)

4.8/5

(35)

Question 157

Assume the price of good Y with its quantity measured on the vertical axis is $20 and the price of good X with its quantity measured on the horizontal axis is $5. If the consumer's budget is $100, then the absolute value of the slope of the budget line is:

(Multiple Choice)

5.0/5

(33)

Question 158

Exhibit 1A-1 Straight line In Exhibit 1A-1, the slope of straight line AB is:

(Multiple Choice)

4.8/5

(36)

Question 159

Graphically express a direct and an inverse or negative relationship. What could cause a shift in a line or curve expressing a relationship between two variables?

(Essay)

4.8/5

(29)

Question 160

Showing 141 - 160 of 172

Exam 31: Understanding Direct and Inverse Relationships between Variables

​ ​ Exhibit 16A-2 Macro AD/AS Models ​ ​ In Panel (b) of Exhibit 16A-2, the economy is initially in short-run equilibrium at real GDP level Y1 and price level P2. If the federal government or Fed decides to intervene, it would most likely:

​ In the long run, a decrease in aggregate demand causes the price level to _______ and the long-run aggregate supply curve to _____________.

Exhibit 1A-1 Straight line In Exhibit 1A-1, as X increases along the horizontal axis, from point A to point B on the line, the Y values

Exhibit 6A-5 Consumer Equilibrium ​ Given the budget lines and indifference curves shown in Exhibit 6A-5, if the budget line shifts from AB to AC, then the equilibrium points X and Y:

Assuming the economy is experiencing a recessionary gap, classical economists predict that:

​ Exhibit 10A-1 Aggregate demand and supply model ​ Beginning from short-run equilibrium at point E2 in Exhibit 10A-1, the economy's movement to a new position of long-run equilibrium would best be described as:

An upward-sloping line or curve is used to illustrate:

Which of the following pairs is the most likely to exhibit an inverse relationship?

Suppose Alice sells a good for $60 on eBay. If the producer surplus from the sale is $25, Alice's cost of the good must have been:

Moving downward along an indifference curve causes a(n)

Exhibit 1A-3 Straight line Straight line AB in Exhibit 1A-3 is a downward sloping line illustrating:

Exhibit 10A-5 Macro AD-AS Model ​ Economic growth is represented in Exhibit 10A-5 by:

Which of the following is not a result if the quantity supplied exceeds the quantity demanded in a market?

Deadweight loss is not the result of:

Using supply and demand curve analysis, the triangular area above the equilibrium price and under the demand curve is:

Exhibit 6A-5 Consumer Equilibrium ​ Given the budget lines and indifference curves shown in Exhibit 6A-5, if the budget line shifts from AC to AB, then the consumer will purchase:

Exhibit 3A-2 Comparison of Market Efficiency and Deadweight Loss As shown in Exhibit 3A-2, if the market is in equilibrium, then total surplus is represented by:

Assume the price of good Y with its quantity measured on the vertical axis is $20 and the price of good X with its quantity measured on the horizontal axis is $5. If the consumer's budget is $100, then the absolute value of the slope of the budget line is:

Exhibit 1A-1 Straight line In Exhibit 1A-1, the slope of straight line AB is:

Graphically express a direct and an inverse or negative relationship. What could cause a shift in a line or curve expressing a relationship between two variables?

Introducing the Economic Way of Thinking

Production Possibilities Opportunity Cost and Economic Growth

Market Demand and Supply

Markets in Action

Price Elasticity of Demand and Supply

Consumer Choice Theory

Production Costs

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Labor Markets

Income Distribution Poverty and Discrimination

Antitrust and Regulation

Environmental Economics

Gross Domestic Product

Business Cycles and Unemployment

Inflation

The Keynesian Model

The Keynesian Model in Action

Aggregate Demand and Supply

Fiscal Policy

The Public Sector

Federal Deficits Surpluses and the National Debt

Money and the Federal Reserve System

Money Creation

Monetary Policy

The Phillips Curve and Expectations Theory

International Trade and Finance

Economies in Transition

Growth and the Less Developed Countries

Filters

Exhibit 16A-2 Macro AD/AS Models In Panel (b) of Exhibit 16A-2, the economy is initially in short-run equilibrium at real GDP level Y₁ and price level P₂. If the federal government or Fed decides to intervene, it would most likely:

In the long run, a decrease in aggregate demand causes the price level to _ and the long-run aggregate supply curve to _______.

Exhibit 6A-5 Consumer Equilibrium Given the budget lines and indifference curves shown in Exhibit 6A-5, if the budget line shifts from AB to AC, then the equilibrium points X and Y:

Exhibit 10A-1 Aggregate demand and supply model Beginning from short-run equilibrium at point E₂ in Exhibit 10A-1, the economy's movement to a new position of long-run equilibrium would best be described as:

Exhibit 10A-5 Macro AD-AS Model Economic growth is represented in Exhibit 10A-5 by:

Exhibit 6A-5 Consumer Equilibrium Given the budget lines and indifference curves shown in Exhibit 6A-5, if the budget line shifts from AC to AB, then the consumer will purchase: