A) GDP > potential GDP. B) unemployment is at its natural rate. C) LRAS and SRAS lie on the same line. D) the inflation rate is zero. A) GDP > potential GDP. B) unemployment is at its natural rate. C) LRAS and SRAS lie on the same line. D) the inflation rate is zero.

Exam 13: Aggregate Demand and Aggregate Supply Analysis

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All of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except

(Multiple Choice)

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Question 121

In the long run,

(Multiple Choice)

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Question 122

When the price of oil rises unexpectedly,the equilibrium price level and the unemployment rate in the short run.

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Question 123

If stricter immigration laws are imposed and many foreign workers in the United States are forced to go back to their home countries,

(Multiple Choice)

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Question 124

Workers and firms both expect that prices will be 2.5% higher next year than they are this year.As a result,

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Question 125

The automatic mechanism the price level in the case of and the price level in the case of .

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Question 126

of unemployment during make it easier for workers to wages.

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Question 127

The basic aggregate demand and aggregate supply curve model helps explain

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Question 128

What is potential GDP?

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Question 129

FedEx plays such a large role in moving packages around the country that there is usually a close relationship between fluctuations in FedEx's business and fluctuations in GDP.Some economists refer to this relationship as the

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Question 130

Figure 24-3 -Refer to Figure 24-3.Which of the points in the above graph are possible long-run equilibria?

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Question 131

Potential GDP refers to the level of

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Question 132

Why does the short-run aggregate supply curve shift to the right in the long run,following a decrease in aggregate demand?

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Question 133

Which of the following best describes the "wealth effect"?

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Question 134

Most recessions in the United States since World War II have begun with

(Multiple Choice)

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Question 135

The recession of 2007-2009 made many consumers pessimistic about their future incomes.How does this increased pessimism affect the aggregate demand curve?

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Question 136

Explain how the economy moves back to full employment from recession.Be sure to detail what happens to short-run aggregate supply,unemployment,equilibrium GDP and the price level.

(Essay)

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Question 137

The long-run aggregate supply curve

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Question 138

An increase in the price level will

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Question 139

Which of the following will shift the aggregate demand curve to the right,ceteris paribus?

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Question 140

Showing 121 - 140 of 145

All of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except

In the long run,

When the price of oil rises unexpectedly,the equilibrium price level and the unemployment rate in the short run.

If stricter immigration laws are imposed and many foreign workers in the United States are forced to go back to their home countries,

Workers and firms both expect that prices will be 2.5% higher next year than they are this year.As a result,

The automatic mechanism the price level in the case of and the price level in the case of .

of unemployment during make it easier for workers to wages.

The basic aggregate demand and aggregate supply curve model helps explain

What is potential GDP?

FedEx plays such a large role in moving packages around the country that there is usually a close relationship between fluctuations in FedEx's business and fluctuations in GDP.Some economists refer to this relationship as the

Figure 24-3 -Refer to Figure 24-3.Which of the points in the above graph are possible long-run equilibria?

Potential GDP refers to the level of

Why does the short-run aggregate supply curve shift to the right in the long run,following a decrease in aggregate demand?

Which of the following best describes the "wealth effect"?

Most recessions in the United States since World War II have begun with

The recession of 2007-2009 made many consumers pessimistic about their future incomes.How does this increased pessimism affect the aggregate demand curve?

Explain how the economy moves back to full employment from recession.Be sure to detail what happens to short-run aggregate supply,unemployment,equilibrium GDP and the price level.

The long-run aggregate supply curve

An increase in the price level will

Which of the following will shift the aggregate demand curve to the right,ceteris paribus?

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency,government Price Setting,and Taxes

The Economics of Health Care

Firms, the Stock Market, and Corporate Governance

Comparative Advantage and the Gains From International Trade

Gdp: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Long-Run Economic Growth: Sources and Policies

Aggregate Expenditure and Output in the Short Run

Money,banks,and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation, unemployment, and Federal Reserve Policy

Macroeconomics in an Open Economy

The International Financial System

Filters

Exam 13: Aggregate Demand and Aggregate Supply Analysis

All of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except

In the long run,

When the price of oil rises unexpectedly,the equilibrium price level ________ and the unemployment rate ________ in the short run.

If stricter immigration laws are imposed and many foreign workers in the United States are forced to go back to their home countries,

Workers and firms both expect that prices will be 2.5% higher next year than they are this year.As a result,

The automatic mechanism ________ the price level in the case of ________ and ________ the price level in the case of ________.

________ of unemployment during ________ make it easier for workers to ________ wages.

The basic aggregate demand and aggregate supply curve model helps explain

What is potential GDP?

FedEx plays such a large role in moving packages around the country that there is usually a close relationship between fluctuations in FedEx's business and fluctuations in GDP.Some economists refer to this relationship as the

Figure 24-3 -Refer to Figure 24-3.Which of the points in the above graph are possible long-run equilibria?

Potential GDP refers to the level of

Why does the short-run aggregate supply curve shift to the right in the long run,following a decrease in aggregate demand?

Which of the following best describes the "wealth effect"?

Most recessions in the United States since World War II have begun with

The recession of 2007-2009 made many consumers pessimistic about their future incomes.How does this increased pessimism affect the aggregate demand curve?

Explain how the economy moves back to full employment from recession.Be sure to detail what happens to short-run aggregate supply,unemployment,equilibrium GDP and the price level.

The long-run aggregate supply curve

An increase in the price level will

Which of the following will shift the aggregate demand curve to the right,ceteris paribus?

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency,government Price Setting,and Taxes

The Economics of Health Care

Firms, the Stock Market, and Corporate Governance

Comparative Advantage and the Gains From International Trade

Gdp: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Long-Run Economic Growth: Sources and Policies

Aggregate Expenditure and Output in the Short Run

Money,banks,and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation, unemployment, and Federal Reserve Policy

Macroeconomics in an Open Economy

The International Financial System

Filters

When the price of oil rises unexpectedly,the equilibrium price level and the unemployment rate in the short run.

The automatic mechanism the price level in the case of and the price level in the case of .

of unemployment during make it easier for workers to wages.