Exam 14: Aggregate Demand and Aggregate Supply

Scenario 14-2 The economy is in long-run equilibrium. Suddenly, due to corporate scandals, a recession experienced by a major trading partner, and the loss of confidence among policymakers, citizens become pessimistic concerning the future. They maintain this level of pessimism for a long time. -Refer to the Scenario 14-2. In the short-run, which statement is consistent with the aggregate demand and aggregate supply theory?

(Multiple Choice)

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Question 141

Which of the following measures the overall price level?

(Multiple Choice)

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Question 142

What would cause prices to rise and real GDP to fall in the short run?

(Multiple Choice)

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Question 143

What happens when the price level rises?

(Multiple Choice)

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Question 144

What was one of the major reasons why the United States was slower to recover from the 2008-2009 recession than Canada?

(Multiple Choice)

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Question 145

Suppose the economy is in long-run equilibrium. Concerns about pollution cause the government to significantly restrict the production of electricity. At the same time, the value of the dollar falls. What would we expect to happen in the short run?

(Multiple Choice)

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Question 146

Suppose a fall in stock prices makes people feel less wealthy. What are the effects of this decrease in wealth?

(Multiple Choice)

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Question 147

How is the effect of an increase in the price level represented?

(Multiple Choice)

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Question 148

What is NOT included in aggregate demand?

(Multiple Choice)

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Question 149

When the government spends more, what is the initial effect?

(Multiple Choice)

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Question 150

What are the implications of a depreciation of the dollar?

(Multiple Choice)

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Question 151

Which of the following shifts the short-run aggregate and the long-run aggregate supply left?

(Multiple Choice)

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Question 152

When did the recession that saw the largest spike in the unemployment rate in Canada begin?

(Multiple Choice)

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Question 153

What happens when the price level falls?

(Multiple Choice)

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Question 154

In 1982, Canada was in a recession. What would you expect NOT to have happened?

(Multiple Choice)

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Question 155

What was one of the major reasons why the United States was slower to recover from the 2008-2009 recession than Canada?

(Multiple Choice)

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Question 156

What are the effects of a decrease in the price level?

(Multiple Choice)

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Question 157

What could create an increase in the price level and a decrease in real GDP in the short run?

(Multiple Choice)

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Question 158

Which of the following shifts aggregate demand to the left?

(Multiple Choice)

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Question 159

What are the effects of an increase in the price level?

(Multiple Choice)

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Question 160

Showing 141 - 160 of 256

Which of the following measures the overall price level?

What would cause prices to rise and real GDP to fall in the short run?

What happens when the price level rises?

What was one of the major reasons why the United States was slower to recover from the 2008-2009 recession than Canada?

Suppose the economy is in long-run equilibrium. Concerns about pollution cause the government to significantly restrict the production of electricity. At the same time, the value of the dollar falls. What would we expect to happen in the short run?

Suppose a fall in stock prices makes people feel less wealthy. What are the effects of this decrease in wealth?

How is the effect of an increase in the price level represented?

What is NOT included in aggregate demand?

When the government spends more, what is the initial effect?

What are the implications of a depreciation of the dollar?

Which of the following shifts the short-run aggregate and the long-run aggregate supply left?

When did the recession that saw the largest spike in the unemployment rate in Canada begin?

What happens when the price level falls?

In 1982, Canada was in a recession. What would you expect NOT to have happened?

What was one of the major reasons why the United States was slower to recover from the 2008-2009 recession than Canada?

What are the effects of a decrease in the price level?

What could create an increase in the price level and a decrease in real GDP in the short run?

Which of the following shifts aggregate demand to the left?

What are the effects of an increase in the price level?

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, Investment, and the Financial System

Unemployment and Its Natural Rate

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Small Open Economy

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Five Debates Over Macroeconomic Policy

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