A) decreases if expected future income rises. B) increases if the exchange rate rises. C) increases if government expenditures decrease. D) increases if the expected inflation rate increases. E) increases if aggregate supply increases. A) decreases if expected future income rises. B) increases if the exchange rate rises. C) increases if government expenditures decrease. D) increases if the expected inflation rate increases. E) increases if aggregate supply increases.

\[\begin{array} { c c c } \begin{array} { c } \text { Price level } \\ \text { (GDP deflator) } \end{array} & \begin{array} { c } \text { Real GDP demanded } \\ \text { (trillions of 2005 } \\ \text { dollars) } \end{array} & \begin{array} { c } \text { Real GDP supplied } \\ \text { (trillions of 2005 } \\ \text { dollars) } \end{array} \\ \hline 80 & 10 & 2 \\ 90 & 9 & 4 \\ 100 & 8 & 6 \\ 110 & 7 & 7 \\ 120 & 6 & 8 \\ 130 & 4 & 9 \\ \hline \end{array}\] The table gives the aggregate demand and aggregate supply schedules for a nation. -The equilibrium price level is

A) 130. B) 120. C) 110. D) 100. E) 90. A) 130. B) 120. C) 110. D) 100. E) 90.

Exam 19: Aggregate Supply and Aggregate Demand

Which of the following changes aggregate supply and shifts the AS curve? I. a change in the price of a major resource Ii. increases in the amount of capital Iii. a change in the money income of consumers

(Multiple Choice)

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Question 121

What is a cost-push inflation?

(Essay)

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Question 122

During 2010, a country reports that its price level fell and the money wage rate did not change. These changes lead to

(Multiple Choice)

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Question 123

19.4 Chapter Figures The figure above shows the aggregate supply curve and potential GDP. -If the money wage rate and the price level both rise by the same proportion, then in the figure above the potential GDP line , and the aggregate supply curve .

(Multiple Choice)

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Question 124

A recessionary gap occurs when so that real GDP is potential GDP.

(Multiple Choice)

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Question 125

An increase in the money wage rate and an increase in the money prices of raw materials .

(Multiple Choice)

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Question 126

Changes in which of the following shifts the aggregate supply curve? I. the price level Ii. the money wage rate Iii. potential GDP

(Multiple Choice)

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Question 127

Which of the following shifts the aggregate supply curve leftward?

(Multiple Choice)

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Question 128

Compared to the initial equilibrium, an initial increase in aggregate demand that is NOT followed by an increase in the quantity of money results in new long-run equilibrium with

(Multiple Choice)

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Question 129

An increase in the price level the aggregate quantity supplied and the aggregate quantity demanded.

(Multiple Choice)

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Question 130

Aggregate demand

(Multiple Choice)

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Question 131

If there is an increase in expected future income, then

(Multiple Choice)

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Question 132

During an inflationary gap,

(Multiple Choice)

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Question 133

Moving along the potential GDP line, the money wage rate changes by the same percentage as the change in the price level so that the real wage rate

(Multiple Choice)

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Question 134

Which of the following shifts the aggregate supply curve rightward? I. The money wage rate rises. Ii. Potential GDP increases. Iii. Government expenditure on goods and services increases.

(Multiple Choice)

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Question 135

Which of the following shifts the aggregate demand curve rightward?

(Multiple Choice)

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Question 136

Price level (GDP deflator) Real GDP demanded (trillions of 2005 dollars) Real GDP supplied (trillions of 2005 dollars) 80 10 2 90 9 4 100 8 6 110 7 7 120 6 8 130 4 9 The table gives the aggregate demand and aggregate supply schedules for a nation. -The equilibrium price level is

(Multiple Choice)

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Question 137

The aggregate supply curve shifts rightward when

(Multiple Choice)

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Question 138

-In the figure above, as the price level increases the aggregate demand curve will

(Multiple Choice)

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Question 139

The aggregate supply curve is

(Multiple Choice)

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Question 140

Which of the following changes aggregate supply and shifts the AS curve? I. a change in the price of a major resource Ii. increases in the amount of capital Iii. a change in the money income of consumers

What is a cost-push inflation?

During 2010, a country reports that its price level fell and the money wage rate did not change. These changes lead to

19.4 Chapter Figures The figure above shows the aggregate supply curve and potential GDP. -If the money wage rate and the price level both rise by the same proportion, then in the figure above the potential GDP line , and the aggregate supply curve .

A recessionary gap occurs when so that real GDP is potential GDP.

An increase in the money wage rate and an increase in the money prices of raw materials .

Changes in which of the following shifts the aggregate supply curve? I. the price level Ii. the money wage rate Iii. potential GDP

Which of the following shifts the aggregate supply curve leftward?

Compared to the initial equilibrium, an initial increase in aggregate demand that is NOT followed by an increase in the quantity of money results in new long-run equilibrium with

An increase in the price level the aggregate quantity supplied and the aggregate quantity demanded.

Aggregate demand

If there is an increase in expected future income, then

During an inflationary gap,

Moving along the potential GDP line, the money wage rate changes by the same percentage as the change in the price level so that the real wage rate

Which of the following shifts the aggregate supply curve rightward? I. The money wage rate rises. Ii. Potential GDP increases. Iii. Government expenditure on goods and services increases.

Which of the following shifts the aggregate demand curve rightward?

Price level (GDP deflator) Real GDP demanded (trillions of 2005 dollars) Real GDP supplied (trillions of 2005 dollars) 80 10 2 90 9 4 100 8 6 110 7 7 120 6 8 130 4 9 The table gives the aggregate demand and aggregate supply schedules for a nation. -The equilibrium price level is

The aggregate supply curve shifts rightward when

-In the figure above, as the price level increases the aggregate demand curve will

The aggregate supply curve is

Getting Started

The Us and Global Economies

The Economic Problem

Demand and Supply

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Global Markets in Action

Externalities: Pollution, Education, and Health Care

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Gdp: a Measure of Total Production and Income

Jobs and Unemployment

The Cpi and the Cost of Living

Potential Gdp and Economic Growth

Money and the Monetary System

Fiscal Policy and Monetary Policy

Filters

Exam 19: Aggregate Supply and Aggregate Demand

Which of the following changes aggregate supply and shifts the AS curve? I. a change in the price of a major resource Ii. increases in the amount of capital Iii. a change in the money income of consumers

What is a cost-push inflation?

During 2010, a country reports that its price level fell and the money wage rate did not change. These changes lead to

19.4 Chapter Figures The figure above shows the aggregate supply curve and potential GDP. -If the money wage rate and the price level both rise by the same proportion, then in the figure above the potential GDP line ________, and the aggregate supply curve ________.

A recessionary gap occurs when ________ so that real GDP is ________ potential GDP.

An increase in the money wage rate ________ and an increase in the money prices of raw materials ________.

Changes in which of the following shifts the aggregate supply curve? I. the price level Ii. the money wage rate Iii. potential GDP

Which of the following shifts the aggregate supply curve leftward?

Compared to the initial equilibrium, an initial increase in aggregate demand that is NOT followed by an increase in the quantity of money results in new long-run equilibrium with

An increase in the price level ________ the aggregate quantity supplied and ________ the aggregate quantity demanded.

Aggregate demand

If there is an increase in expected future income, then

During an inflationary gap,

Moving along the potential GDP line, the money wage rate changes by the same percentage as the change in the price level so that the real wage rate

Which of the following shifts the aggregate supply curve rightward? I. The money wage rate rises. Ii. Potential GDP increases. Iii. Government expenditure on goods and services increases.

Which of the following shifts the aggregate demand curve rightward?

Price level (GDP deflator) Real GDP demanded (trillions of 2005 dollars) Real GDP supplied (trillions of 2005 dollars) 80 10 2 90 9 4 100 8 6 110 7 7 120 6 8 130 4 9 The table gives the aggregate demand and aggregate supply schedules for a nation. -The equilibrium price level is

The aggregate supply curve shifts rightward when

-In the figure above, as the price level increases the aggregate demand curve will

The aggregate supply curve is

Getting Started

The Us and Global Economies

The Economic Problem

Demand and Supply

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Global Markets in Action

Externalities: Pollution, Education, and Health Care

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Gdp: a Measure of Total Production and Income

Jobs and Unemployment

The Cpi and the Cost of Living

Potential Gdp and Economic Growth

Money and the Monetary System

Fiscal Policy and Monetary Policy

Filters

19.4 Chapter Figures The figure above shows the aggregate supply curve and potential GDP. -If the money wage rate and the price level both rise by the same proportion, then in the figure above the potential GDP line , and the aggregate supply curve .

A recessionary gap occurs when so that real GDP is potential GDP.

An increase in the money wage rate and an increase in the money prices of raw materials .

An increase in the price level the aggregate quantity supplied and the aggregate quantity demanded.