Exam 10: Dynamic Change, Economic Fluctuations, and the Ad--As Model
Exam 1: The Economic Approach185 Questions
Exam 2: Some Tools of the Economist204 Questions
Exam 3: Demand, Supply, and the Market Process339 Questions
Exam 4: Supply and Demand: Applications and Extensions268 Questions
Exam 5: Difficult Cases for the Market, and the Role of Government134 Questions
Exam 6: The Economics of Political Action161 Questions
Exam 7: Taking the Nations Economic Pulse222 Questions
Exam 8: Economic Fluctuations, Unemployment, and Inflation182 Questions
Exam 9: An Introduction to Basic Macroeconomic Markets219 Questions
Exam 10: Dynamic Change, Economic Fluctuations, and the Ad--As Model193 Questions
Exam 11: Fiscal Policy: The Keynesian View and the Historical Development of Macroeconomics112 Questions
Exam 12: Fiscal Policy: Incentives, and Secondary Effects154 Questions
Exam 13: Money and the Banking System198 Questions
Exam 14: Modern Macroeconomics and Monetary Policy204 Questions
Exam 15: Stabilization Policy, Output, and Employment170 Questions
Exam 16: Creating an Environment for Growth and Prosperity125 Questions
Exam 17: Institutions, Policies, and Cross-Country Differences in Income and Growth115 Questions
Exam 18: Gaining From International Trade182 Questions
Exam 19: International Finance and the Foreign Exchange Market148 Questions
Exam 20: Special Topics274 Questions
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Which of the following will most likely cause an increase (shift to the right) in both the long-run and short-run aggregate supply curves?
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Figure 10-13
In Figure 10-13, which of the following would most likely cause the movement from point e2 to point E2?

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Use the figure below to answer the following question(s). Figure 10-9
Currently, the economy depicted in Figure 10-9 is in

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Which of the following will most likely increase short-run aggregate supply?
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Which of the following would be most likely to shift the long-run aggregate supply curve (LRAS) to the right?
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Suppose this year's inflation rate is 4 percent, which is greater than the 2 percent everyone expected. Which of the following is true?
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How would aggregate demand change if foreign incomes increase and the exchange rate value of the dollar increases?
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Figure 10-18
Based on Figure 10-18, when the aggregate demand curve is in the position AD1, the economy's position of long-run equilibrium corresponds to point

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The short-run effects of a favorable supply shock will include
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Suppose the economy is initially in long-run equilibrium and aggregate demand rises. In the long run prices
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What impact did the change in housing prices during 2002 to 2005 have within the framework of the AD/AS model?
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If a country's currency depreciates, which of the following will most likely happen?
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Use the figure below to answer the following question(s). Figure 10-2
At which point in Figure 10-2 is the economy at long-run equilibrium?

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Use the figure below to answer the following question(s). Figure 10-2
At which point in Figure 10-2 is the economy experiencing an economic recession?

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Which of the following contributed to the sharp economic downturn during 2008?
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Which of the following will lead to a decrease in aggregate demand in the United States?
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Use the figure below to answer the following question(s). Figure 10-16
With the passage of time, which of the following will help direct this economy in Figure 10-16 toward its potential long-run rate of output?

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The long-run equilibrium price level is the price level the economy is expected to reach when the
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