A) GDP = potential GDP. B) unemployment is below its natural rate. C) LRAS and SRAS lie on the same line. D) unemployment is above its natural rate. A) GDP = potential GDP. B) unemployment is below its natural rate. C) LRAS and SRAS lie on the same line. D) unemployment is above its natural rate.

Exam 13: Aggregate Demand and Aggregate Supply Analysis

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The impact of Hurricane Katrina on consumers in the economy was to make them very pessimistic about their future incomes. How does this increased pessimism affect the aggregate demand curve?

(Multiple Choice)

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Question 41

Changes in ________ do not affect the level of aggregate supply in the long run.

(Multiple Choice)

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Question 42

Starting from long-run equilibrium,use the basic aggregate demand and aggregate supply diagram to show what happens in both the long run and the short run when there is an increase in wealth.

(Essay)

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Question 43

Figure 24-2 -Refer to Figure 24-2.Ceteris paribus,a decrease in productivity would be represented by a movement from

(Multiple Choice)

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Question 44

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

(Multiple Choice)

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Question 45

The business cycle ________ on FedEx since the company's inception over 40 years ago.

(Multiple Choice)

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Question 46

Which of the following models focuses on how productivity shocks explain fluctuations in real GDP?

(Multiple Choice)

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Question 47

What are sticky prices,and how can contracts make them "sticky"?

(Essay)

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Question 48

In the dynamic aggregated demand and aggregate supply model,inflation occurs if

(Multiple Choice)

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Question 49

If rapid increases in oil prices caused price levels to increase and real GDP to decrease in the short run,the economy would experience

(Multiple Choice)

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Question 50

Figure 24-1 -Refer to Figure 24-1.Ceteris paribus,an increase in government spending would be represented by a movement from

(Multiple Choice)

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Question 51

At a long-run macroeconomic equilibrium,real GDP is always equal to potential GDP.

(True/False)

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Question 52

The monetary growth rule is a plan for increasing the quantity of money

(Multiple Choice)

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Question 53

In the long run,

(Multiple Choice)

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Question 54

Which of the following is considered a negative supply shock?

(Multiple Choice)

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Question 55

Which of the following best describes the "interest rate effect"?

(Multiple Choice)

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Question 56

Why are the long-run effects of an increase in aggregate demand on price and output different from the short-run effects?

(Essay)

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Question 57

Figure 24-1 -Refer to Figure 24-1.Ceteris paribus,an increase in the growth rate of domestic GDP relative to the growth rate of foreign GDP would be represented by a movement from

(Multiple Choice)

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Question 58

Which of the following would cause the short-run aggregate supply curve to shift to the left?

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Question 59

Ceteris paribus,in the long run,a negative supply shock causes

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Question 60

Showing 41 - 60 of 145

The impact of Hurricane Katrina on consumers in the economy was to make them very pessimistic about their future incomes. How does this increased pessimism affect the aggregate demand curve?

Changes in ________ do not affect the level of aggregate supply in the long run.

Starting from long-run equilibrium,use the basic aggregate demand and aggregate supply diagram to show what happens in both the long run and the short run when there is an increase in wealth.

Figure 24-2 -Refer to Figure 24-2.Ceteris paribus,a decrease in productivity would be represented by a movement from

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

The business cycle ________ on FedEx since the company's inception over 40 years ago.

Which of the following models focuses on how productivity shocks explain fluctuations in real GDP?

What are sticky prices,and how can contracts make them "sticky"?

In the dynamic aggregated demand and aggregate supply model,inflation occurs if

If rapid increases in oil prices caused price levels to increase and real GDP to decrease in the short run,the economy would experience

Figure 24-1 -Refer to Figure 24-1.Ceteris paribus,an increase in government spending would be represented by a movement from

At a long-run macroeconomic equilibrium,real GDP is always equal to potential GDP.

The monetary growth rule is a plan for increasing the quantity of money

In the long run,

Which of the following is considered a negative supply shock?

Which of the following best describes the "interest rate effect"?

Why are the long-run effects of an increase in aggregate demand on price and output different from the short-run effects?

Figure 24-1 -Refer to Figure 24-1.Ceteris paribus,an increase in the growth rate of domestic GDP relative to the growth rate of foreign GDP would be represented by a movement from

Which of the following would cause the short-run aggregate supply curve to shift to the left?

Ceteris paribus,in the long run,a negative supply shock causes

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

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