Exhibit 14A-1 Aggregate demand and supply model Beginning from short-run equilibrium at point E2 in Exhibit 14A-1, the economy's movement to a new position of long-run equilibrium would best be described as:

A) a movement along the AD2 curve with a shift in the SRAS1 curve. B) a movement along the SRAS2 curve with a shift in the AD2 curve. C) a shift in the LRAS curve to an intersection at E1. D) no shift of any kind. A) a movement along the AD2 curve with a shift in the SRAS1 curve. B) a movement along the SRAS2 curve with a shift in the AD2 curve. C) a shift in the LRAS curve to an intersection at E1. D) no shift of any kind.

Exhibit 14A-1 Aggregate demand and supply model Beginning in Exhibit 14A-1 from long-run equilibrium at point E1, the aggregate demand curve shifts to AD2 . The economy's path to a new long-run equilibrium is represented by a movement from:

A) E3 to E1 to E2. B) E1 to E3 to E2. C) E2 to E1 to E2. D) E1 to E2 to E3. A) E3 to E1 to E2. B) E1 to E3 to E2. C) E2 to E1 to E2. D) E1 to E2 to E3.

Exhibit 14A-6 Aggregate demand and supply model Beginning in Exhibit 14A-6 from long-run equilibrium at point E1, the aggregate demand curve shifts to AD2. The economy's path to a new long-run equilibrium is represented by a movement from:

A) E3 to E1 to E2. B) E1 to E3 to E2. C) E2 to E1 to E2. D) E1 to E2 to E3. A) E3 to E1 to E2. B) E1 to E3 to E2. C) E2 to E1 to E2. D) E1 to E2 to E3.

Exam 14: Aggregate Demand and Supply

Beginning from a position of long-run equilibrium at the full-employment level of real GDP, the economy's short-run response to a decrease in the aggregate demand curve would be a:

(Multiple Choice)

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Question 21

One reason for the short-run aggregate supply curve (SRAS) is:

(Multiple Choice)

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Question 22

In an economy where nominal incomes adjust equally to changes in the price level, we would expect the long-run aggregate supply curve to be:

(Multiple Choice)

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Question 23

Exhibit 14A-1 Aggregate demand and supply model Beginning from short-run equilibrium at point E₂ in Exhibit 14A-1, the economy's movement to a new position of long-run equilibrium would best be described as:

(Multiple Choice)

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Question 24

Suppose that the economy is in a position of short-run equilibrium at a point where real GDP is below the full-employment level. Assuming no further change in aggregate demand and self-correction, the movement to a new long-run equilibrium includes a decrease in which of the following?

(Multiple Choice)

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Question 25

A decrease in nominal incomes causes a leftward shift in the short-run aggregate supply curve (SRAS).

(True/False)

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Question 26

Exhibit 14A-1 Aggregate demand and supply model Beginning in Exhibit 14A-1 from long-run equilibrium at point E₁, the aggregate demand curve shifts to AD₂ . The economy's path to a new long-run equilibrium is represented by a movement from:

(Multiple Choice)

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Question 27

Which of the following explains why higher prices in the goods and services market measured by the CPI leads to an upward-sloping aggregate supply curve?

(Multiple Choice)

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Question 28

Exhibit 14A-3 Macro AD-AS Model In Exhibit 14A-3, the intersection of AD with SRAS indicates:

(Multiple Choice)

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Question 29

Which of the following causes a leftward shift in the short-run aggregate supply curve?

(Multiple Choice)

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Question 30

If both the price level and nominal incomes change by the same percentage:

(Multiple Choice)

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Question 31

Beginning from the full-employment level of real GDP, an increase in one of the components of the aggregate demand curve will increase the:

(Multiple Choice)

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Question 32

Exhibit 14A-6 Aggregate demand and supply model Beginning in Exhibit 14A-6 from long-run equilibrium at point E₁, the aggregate demand curve shifts to AD₂. The economy's path to a new long-run equilibrium is represented by a movement from:

(Multiple Choice)

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Question 33

Exhibit 14A-6 Aggregate demand and supply model Based on Exhibit 14A-6, when the aggregate demand curve is in the position AD₁, the economy's position of long-run equilibrium corresponds to point:

(Multiple Choice)

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Question 34

In the short run, an increase in the price level causes which of the following:

(Multiple Choice)

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Question 35

In the self-correcting AD-AS model, a point where the economy's long-run AS curve, short-run AS curve, and AD curve all intersect at a single point represents a point where:

(Multiple Choice)

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Question 36

The long-run aggregate supply curve is:

(Multiple Choice)

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Question 37

Exhibit 14A-4 Macro AD-AS Model In Exhibit 14A-4, the self-correction argument is that in the long run competition:

(Multiple Choice)

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Question 38

The short-run aggregate supply curve (SRAS) is based on the theory that wages are flexible.

(True/False)

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Question 39

Exhibit 14A-6 Aggregate demand and supply model As shown in Exhibit 14A-6, and assuming the aggregate demand curve shifts from AD₁ to AD₂, the full-employment level of real GDP is:

(Multiple Choice)

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Question 40

Showing 21 - 40 of 83

Exam 14: Aggregate Demand and Supply

Beginning from a position of long-run equilibrium at the full-employment level of real GDP, the economy's short-run response to a decrease in the aggregate demand curve would be a:

One reason for the short-run aggregate supply curve (SRAS) is:

In an economy where nominal incomes adjust equally to changes in the price level, we would expect the long-run aggregate supply curve to be:

Exhibit 14A-1 Aggregate demand and supply model Beginning from short-run equilibrium at point E2 in Exhibit 14A-1, the economy's movement to a new position of long-run equilibrium would best be described as:

Suppose that the economy is in a position of short-run equilibrium at a point where real GDP is below the full-employment level. Assuming no further change in aggregate demand and self-correction, the movement to a new long-run equilibrium includes a decrease in which of the following?

A decrease in nominal incomes causes a leftward shift in the short-run aggregate supply curve (SRAS).

Exhibit 14A-1 Aggregate demand and supply model Beginning in Exhibit 14A-1 from long-run equilibrium at point E1, the aggregate demand curve shifts to AD2 . The economy's path to a new long-run equilibrium is represented by a movement from:

Which of the following explains why higher prices in the goods and services market measured by the CPI leads to an upward-sloping aggregate supply curve?

Exhibit 14A-3 Macro AD-AS Model In Exhibit 14A-3, the intersection of AD with SRAS indicates:

Which of the following causes a leftward shift in the short-run aggregate supply curve?

If both the price level and nominal incomes change by the same percentage:

Beginning from the full-employment level of real GDP, an increase in one of the components of the aggregate demand curve will increase the:

Exhibit 14A-6 Aggregate demand and supply model Beginning in Exhibit 14A-6 from long-run equilibrium at point E1, the aggregate demand curve shifts to AD2. The economy's path to a new long-run equilibrium is represented by a movement from:

Exhibit 14A-6 Aggregate demand and supply model Based on Exhibit 14A-6, when the aggregate demand curve is in the position AD1, the economy's position of long-run equilibrium corresponds to point:

In the short run, an increase in the price level causes which of the following:

In the self-correcting AD-AS model, a point where the economy's long-run AS curve, short-run AS curve, and AD curve all intersect at a single point represents a point where:

The long-run aggregate supply curve is:

Exhibit 14A-4 Macro AD-AS Model In Exhibit 14A-4, the self-correction argument is that in the long run competition:

The short-run aggregate supply curve (SRAS) is based on the theory that wages are flexible.

Exhibit 14A-6 Aggregate demand and supply model As shown in Exhibit 14A-6, and assuming the aggregate demand curve shifts from AD1 to AD2, the full-employment level of real GDP is:

Introducing the Economic Way of Thinking

Production Possibilities, Opportunity Cost, and Economic Growth

Market Demand and Supply

Markets in Action

Price Elasticity of Demand

Production Costs

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Labor Markets and Income Distribution

Gross Domestic Product

Business Cycles and Unemployment

Inflation

Fiscal Policy

The Public Sector

Federal Deficits, Surpluses, and the National Debt

Money and the Federal Reserve System

Money Creation

Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model

International Trade and Finance

Economies in Transition

Growth and the Less-Developed Countries

Filters

Exhibit 14A-1 Aggregate demand and supply model Beginning from short-run equilibrium at point E₂ in Exhibit 14A-1, the economy's movement to a new position of long-run equilibrium would best be described as:

Exhibit 14A-1 Aggregate demand and supply model Beginning in Exhibit 14A-1 from long-run equilibrium at point E₁, the aggregate demand curve shifts to AD₂ . The economy's path to a new long-run equilibrium is represented by a movement from:

Exhibit 14A-6 Aggregate demand and supply model Beginning in Exhibit 14A-6 from long-run equilibrium at point E₁, the aggregate demand curve shifts to AD₂. The economy's path to a new long-run equilibrium is represented by a movement from:

Exhibit 14A-6 Aggregate demand and supply model Based on Exhibit 14A-6, when the aggregate demand curve is in the position AD₁, the economy's position of long-run equilibrium corresponds to point:

Exhibit 14A-6 Aggregate demand and supply model As shown in Exhibit 14A-6, and assuming the aggregate demand curve shifts from AD₁ to AD₂, the full-employment level of real GDP is: