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) E 3 to E 1 to E 2 . B) E 1 to E 3 to E 2 . C) E 2 to E 1 to E 2 . D) E 1 to E 2 to E 3 . A) E 3 to E 1 to E 2 . B) E 1 to E 3 to E 2 . C) E 2 to E 1 to E 2 . D) E 1 to E 2 to E 3 .

Exam 14: Aggregate Demand and Supply

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 21

The aggregate demand curve slopes downward indicating that:

(Multiple Choice)

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Question 22

Which of the following will not shift the aggregate demand curve to the right?

(Multiple Choice)

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Question 23

A rightward shift in the aggregate demand curve can be caused by an increase in:

(Multiple Choice)

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Question 24

A cut in government spending, a decrease in income abroad, an increase in taxes, or an expectation that future consumer income will fall will all cause aggregate:

(Multiple Choice)

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Question 25

Assuming prices and wages are fully flexible, the aggregate supply curve will be:

(Multiple Choice)

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Question 26

Exhibit 14-6 Aggregate supply curve In Exhibit 14-6, the aggregate supply curve becomes vertical at GDP = $1,200 because:

(Multiple Choice)

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Question 27

In the classical range of the aggregate supply curve, greater spending for consumer and investment goods results in:

(Multiple Choice)

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Question 28

Exhibit 14-8 Aggregate demand and supply In Exhibit 14-8, if aggregate demand shifts from AD₁ to AD₃,

(Multiple Choice)

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Question 29

Exhibit 14-1 Aggregate supply curve In Exhibit 14-1, there are plenty of idle resources and no upward pressure on prices in:

(Multiple Choice)

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Question 30

_ inflation can be explained by a shift in the aggregate _ curve.

(Multiple Choice)

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Question 31

Exhibit 14-4 Aggregate supply and demand curves In Exhibit 14-4 which of the following is not consistent with a shift in the aggregate demand curve from AD₁ to AD₂?

(Multiple Choice)

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Question 32

The interest rate effect predicts that higher prices:

(Multiple Choice)

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Question 33

The aggregate supply curve indicates the:

(Multiple Choice)

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Question 34

The full employment level of real GDP can be represented on an aggregate supply and demand diagram as a(n):

(Multiple Choice)

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Question 35

If aggregate demand increases in the intermediate range of the aggregate supply curve then the:

(Multiple Choice)

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Question 36

Discuss the three ranges of the aggregate supply (AS) curve. What could cause the AS curve to shift to the left? What impact would a leftward shift of the AS curve have on the economy?

(Essay)

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Question 37

Suppose workers become pessimistic about their future employment, which causes them to save more and spend less. If the economy is on the intermediate range of the aggregate supply curve, then:

(Multiple Choice)

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Question 38

In the intermediate range of the aggregate supply curve, if government spending increases caused the aggregate demand curve to shift outwards, which of the following is most likely to occur?

(Multiple Choice)

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Question 39

Exhibit 14A-5 Macro AD-AS Model Economic growth is represented in Exhibit 14A-5 by:

(Multiple Choice)

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Question 40

Showing 21 - 40 of 136

Exam 14: Aggregate Demand and Supply

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:

The aggregate demand curve slopes downward indicating that:

Which of the following will not shift the aggregate demand curve to the right?

A rightward shift in the aggregate demand curve can be caused by an increase in:

A cut in government spending, a decrease in income abroad, an increase in taxes, or an expectation that future consumer income will fall will all cause aggregate:

Assuming prices and wages are fully flexible, the aggregate supply curve will be:

Exhibit 14-6 Aggregate supply curve In Exhibit 14-6, the aggregate supply curve becomes vertical at GDP = $1,200 because:

In the classical range of the aggregate supply curve, greater spending for consumer and investment goods results in:

Exhibit 14-8 Aggregate demand and supply In Exhibit 14-8, if aggregate demand shifts from AD1 to AD3,

Exhibit 14-1 Aggregate supply curve In Exhibit 14-1, there are plenty of idle resources and no upward pressure on prices in:

_________ inflation can be explained by a ________ shift in the aggregate _________ curve.

Exhibit 14-4 Aggregate supply and demand curves In Exhibit 14-4 which of the following is not consistent with a shift in the aggregate demand curve from AD1 to AD2?

The interest rate effect predicts that higher prices:

The aggregate supply curve indicates the:

The full employment level of real GDP can be represented on an aggregate supply and demand diagram as a(n):

If aggregate demand increases in the intermediate range of the aggregate supply curve then the:

Discuss the three ranges of the aggregate supply (AS) curve. What could cause the AS curve to shift to the left? What impact would a leftward shift of the AS curve have on the economy?

Suppose workers become pessimistic about their future employment, which causes them to save more and spend less. If the economy is on the intermediate range of the aggregate supply curve, then:

In the intermediate range of the aggregate supply curve, if government spending increases caused the aggregate demand curve to shift outwards, which of the following is most likely to occur?

Exhibit 14A-5 Macro AD-AS Model Economic growth is represented in Exhibit 14A-5 by:

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

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

Monetary Policy

International Trade and Finance

Economies in Transition

Growth and the Less Developed Countries

Filters

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 14-8 Aggregate demand and supply In Exhibit 14-8, if aggregate demand shifts from AD₁ to AD₃,

_ inflation can be explained by a shift in the aggregate _ curve.

Exhibit 14-4 Aggregate supply and demand curves In Exhibit 14-4 which of the following is not consistent with a shift in the aggregate demand curve from AD₁ to AD₂?