Use the figure below to answer the following question(s). Figure 10-14 The economy's initial aggregate demand (AD0) and aggregate supply (SRAS0 and LRAS) curves are illustrated in Figure 10-14. Which of the following is true?

A) The profits of business firms are higher at I than J. B) H is a point of long-run equilibrium. C) Downward pressure on prices occurs at point G. D) Point F is consistent with long-run equilibrium. A) The profits of business firms are higher at I than J. B) H is a point of long-run equilibrium. C) Downward pressure on prices occurs at point G. D) Point F is consistent with long-run equilibrium.

Use the figure below to answer the following question(s). Figure 10-16 Suppose an economy is currently operating at output Y1 associated with AD1 and SRAS1, shown in Figure 10-16. Initially, the output of this economy is

A) above its potential, and the rate of unemployment is greater than the natural rate. B) below its potential, and the rate of unemployment is greater than the natural rate. C) above its potential, and the rate of unemployment is less than the natural rate. D) below its potential, and the rate of unemployment is less than the natural rate. A) above its potential, and the rate of unemployment is greater than the natural rate. B) below its potential, and the rate of unemployment is greater than the natural rate. C) above its potential, and the rate of unemployment is less than the natural rate. D) below its potential, and the rate of unemployment is less than the natural rate.

Figure 10-18 Given the shift of the aggregate demand curve from AD1 to AD2 in Figure 10-18, the real GDP and price level (CPI) in long-run equilibrium will be

A) $10 billion and 200. B) $4 billion and 150. C) $10 billion and 150. D) $10 billion and 100. A) $10 billion and 200. B) $4 billion and 150. C) $10 billion and 150. D) $10 billion and 100.

Exam 10: Dynamic Change, Economic Fluctuations, and the Ad--As Model

Use the figure below to answer the following question(s). Figure 10-4 Starting from long-run equilibrium at point F in Figure 10-4, at which of the following points would short-run equilibrium occur following a drought in the Midwestern states?

(Multiple Choice)

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Question 141

Other things constant, an increase in resource prices will

(Multiple Choice)

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Question 142

Use the figure below to answer the following question(s). Figure 10-14 The economy's initial aggregate demand (AD₀) and aggregate supply (SRAS₀ and LRAS) curves are illustrated in Figure 10-14. Which of the following is true?

(Multiple Choice)

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Question 143

If business decision makers expect that the inflation rate will increase in the near future,

(Multiple Choice)

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Question 144

Use the figure below to answer the following question(s). Figure 10-16 Suppose an economy is currently operating at output Y₁ associated with AD₁ and SRAS₁, shown in Figure 10-16. Initially, the output of this economy is

(Multiple Choice)

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Question 145

Which of the following will most likely occur as the result of an unanticipated increase in aggregate demand that pushes output beyond long-run capacity?

(Multiple Choice)

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Question 146

Use the figure below to answer the following question(s). Figure 10-5 Figure 10-5 indicates that the output of the economy is

(Multiple Choice)

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Question 147

Use the figure below to answer the following question(s). Figure 10-15 The economy's short-run (SRAS ) and long-run (LRAS) aggregate supply curves are shown in Figure 10-15, along with three alternative aggregate demand curves and the accompanying equilibrium points. At which point will resource prices naturally tend to increase?

(Multiple Choice)

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Question 148

Figure 10-18 Given the shift of the aggregate demand curve from AD₁ to AD₂ in Figure 10-18, the real GDP and price level (CPI) in long-run equilibrium will be

(Multiple Choice)

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Question 149

An abnormally large grain crop due to highly favorable weather conditions in the Midwest is an example of

(Multiple Choice)

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Question 150

Suppose there is an unexpected increase in real interest rates. Using the AD/AS model, describe the effects of this policy in the long run and the short run, assuming everything else equal.

(Essay)

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Question 151

An improvement in technology would shift which of the following curve(s)?

(Multiple Choice)

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Question 152

If European economies experience strong economic growth, U.S. net exports will

(Multiple Choice)

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Question 153

A large grain crop resulting from favorable weather conditions would shift which of the following curves?

(Multiple Choice)

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Question 154

For the following changes in the economy, indicate whether short-run aggregate supply or long-run aggregate supply will be affected. Indicate the direction of the change. a.an improvement in manufacturing technology b.an increase in the world price of antimony (a chemical that the U.S. imports) c.a bumper potato crop in the southern "potato belt"

(Essay)

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Question 155

When an economy is in a recession,

(Multiple Choice)

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Question 156

When an economy is experiencing an economic boom and operating beyond its long-run capacity,

(Multiple Choice)

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Question 157

Which of the following would be most likely to cause a reduction in current aggregate demand in the United States?

(Multiple Choice)

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Question 158

Use the figure below to answer the following question(s). Figure 10-17 With the passage of time, which of the following will tend to direct this economy in Figure 10-17 toward its long-run sustainable rate of output?

(Multiple Choice)

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Question 159

A rise in the price of oil would be most likely to cause which of the following in the United States?

(Multiple Choice)

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Question 160

Showing 141 - 160 of 193

Use the figure below to answer the following question(s). Figure 10-4 Starting from long-run equilibrium at point F in Figure 10-4, at which of the following points would short-run equilibrium occur following a drought in the Midwestern states?

Other things constant, an increase in resource prices will

Use the figure below to answer the following question(s). Figure 10-14 The economy's initial aggregate demand (AD₀) and aggregate supply (SRAS₀ and LRAS) curves are illustrated in Figure 10-14. Which of the following is true?

If business decision makers expect that the inflation rate will increase in the near future,

Use the figure below to answer the following question(s). Figure 10-16 Suppose an economy is currently operating at output Y₁ associated with AD₁ and SRAS₁, shown in Figure 10-16. Initially, the output of this economy is

Which of the following will most likely occur as the result of an unanticipated increase in aggregate demand that pushes output beyond long-run capacity?

Use the figure below to answer the following question(s). Figure 10-5 Figure 10-5 indicates that the output of the economy is

Figure 10-18 Given the shift of the aggregate demand curve from AD₁ to AD₂ in Figure 10-18, the real GDP and price level (CPI) in long-run equilibrium will be

An abnormally large grain crop due to highly favorable weather conditions in the Midwest is an example of

Suppose there is an unexpected increase in real interest rates. Using the AD/AS model, describe the effects of this policy in the long run and the short run, assuming everything else equal.

An improvement in technology would shift which of the following curve(s)?

If European economies experience strong economic growth, U.S. net exports will

A large grain crop resulting from favorable weather conditions would shift which of the following curves?

When an economy is in a recession,

When an economy is experiencing an economic boom and operating beyond its long-run capacity,

Which of the following would be most likely to cause a reduction in current aggregate demand in the United States?

Use the figure below to answer the following question(s). Figure 10-17 With the passage of time, which of the following will tend to direct this economy in Figure 10-17 toward its long-run sustainable rate of output?

A rise in the price of oil would be most likely to cause which of the following in the United States?

The Economic Approach

Some Tools of the Economist

Demand, Supply, and the Market Process

Supply and Demand: Applications and Extensions

Difficult Cases for the Market, and the Role of Government

The Economics of Political Action

Taking the Nations Economic Pulse

Economic Fluctuations, Unemployment, and Inflation

An Introduction to Basic Macroeconomic Markets

Fiscal Policy: The Keynesian View and the Historical Development of Macroeconomics

Fiscal Policy: Incentives, and Secondary Effects

Money and the Banking System

Modern Macroeconomics and Monetary Policy

Stabilization Policy, Output, and Employment

Creating an Environment for Growth and Prosperity

Institutions, Policies, and Cross-Country Differences in Income and Growth

Gaining From International Trade

International Finance and the Foreign Exchange Market

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