Exam 12: Aggregate Demand and Aggregate Supply

Starting from long-run equilibrium,draw an aggregate demand-aggregate supply graph to illustrate the difference between a long-run and a short-run equilibrium due to an increase in aggregate demand.Once the economy is in the short-run equilibrium,explain-but it is not necessary to illustrate-how long-run equilibrium will be restored.

(Essay)

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Question 161

During the Great Depression,aggregate demand in the U.S.economy decreased.As a result,the unemployment rate and real gross domestic product (GDP).

(Multiple Choice)

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Question 162

Suppose a country's population is aging and the size of the workforce is declining.In the long run,output will and the price level will .

(Multiple Choice)

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Question 163

Adjustments in ________ naturally move the economy toward long-run equilibrium.

(Multiple Choice)

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Question 164

All else being equal,as the population ages and many people leave the labor force:

(Multiple Choice)

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Question 165

An increase in aggregate demand is beneficial in the short run because ,but harmful in the long run because .

(Multiple Choice)

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Question 166

A decrease in aggregate demand is harmful in the short run because ,but beneficial in the long run because .

(Multiple Choice)

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Question 167

An increase in short-run aggregate supply could be the result of a(n):

(Multiple Choice)

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Question 168

If the price level rises by 10%,then all else being equal,the long-run quantity of aggregate supply will:

(Multiple Choice)

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Question 169

Suppose advances in computer technology lead to a surge in worker productivity.In the long run,output will and the price level will .

(Multiple Choice)

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Question 170

During the Great Recession,the unemployment rate climbed as high as and remained around 7-9% months after the recession began.

(Multiple Choice)

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Question 171

Explain how a change in real wealth can sometimes cause a movement along the aggregate demand curve and how sometimes it can cause a shift of the aggregate demand curve.

(Essay)

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Question 172

Which of the following would cause a downward movement along the aggregate demand curve?

(Multiple Choice)

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Question 173

Refer to the following figure to answer the questions that follow. -Based on the figure,which points represent short-run equilibrium?

(Multiple Choice)

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Question 174

Unemployment rises and real gross domestic product (GDP)growth slows during the:

(Multiple Choice)

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Question 175

The Great Recession ended in:

(Multiple Choice)

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Question 176

When actual unemployment is less than its natural rate:

(Multiple Choice)

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Question 177

A fall in the price level that causes a change in net exports results in:

(Multiple Choice)

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Question 178

Suppose a hurricane destroys 20% of the capital stock in a country.In the long run,output will and the price level will .

(Multiple Choice)

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Question 179

If short-run equilibrium output is above full employment output,then in the long run input prices will:

(Multiple Choice)

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Question 180

Showing 161 - 180 of 180

During the Great Depression,aggregate demand in the U.S.economy decreased.As a result,the unemployment rate and real gross domestic product (GDP).

Suppose a country's population is aging and the size of the workforce is declining.In the long run,output will and the price level will .

Adjustments in ________ naturally move the economy toward long-run equilibrium.

All else being equal,as the population ages and many people leave the labor force:

An increase in aggregate demand is beneficial in the short run because ,but harmful in the long run because .

A decrease in aggregate demand is harmful in the short run because ,but beneficial in the long run because .

An increase in short-run aggregate supply could be the result of a(n):

If the price level rises by 10%,then all else being equal,the long-run quantity of aggregate supply will:

Suppose advances in computer technology lead to a surge in worker productivity.In the long run,output will and the price level will .

During the Great Recession,the unemployment rate climbed as high as and remained around 7-9% months after the recession began.

Explain how a change in real wealth can sometimes cause a movement along the aggregate demand curve and how sometimes it can cause a shift of the aggregate demand curve.

Which of the following would cause a downward movement along the aggregate demand curve?

Refer to the following figure to answer the questions that follow. -Based on the figure,which points represent short-run equilibrium?

Unemployment rises and real gross domestic product (GDP)growth slows during the:

The Great Recession ended in:

When actual unemployment is less than its natural rate:

A fall in the price level that causes a change in net exports results in:

Suppose a hurricane destroys 20% of the capital stock in a country.In the long run,output will and the price level will .

If short-run equilibrium output is above full employment output,then in the long run input prices will:

Thinking Like an Economist

Economic Models and Gains From Trade

The Market at Work: Supply and Demand

Market Efficiency

Costs and Production: How Do Businesses Work?

Market Structures

Behavioral Economics and Game Theory

Labor Markets and Earnings

Government in the Economy

What Is Macroeconomics?

Measuring the Macroeconomy, Inflation, and Unemployment

Economic Growth and the Wealth of Nations

Savings, Investment, and the Market for Loanable Funds

Money and the Federal Reserve

Monetary Policy

Fiscal Policy and Budget Deficits

International Economics

Personal Finance

Filters

Exam 12: Aggregate Demand and Aggregate Supply

During the Great Depression,aggregate demand in the U.S.economy decreased.As a result,the unemployment rate ________ and real gross domestic product (GDP)________.

Suppose a country's population is aging and the size of the workforce is declining.In the long run,output will ________ and the price level will ________.

Adjustments in ________ naturally move the economy toward long-run equilibrium.

All else being equal,as the population ages and many people leave the labor force:

An increase in aggregate demand is beneficial in the short run because ________,but harmful in the long run because ________.

A decrease in aggregate demand is harmful in the short run because ________,but beneficial in the long run because ________.

An increase in short-run aggregate supply could be the result of a(n):

If the price level rises by 10%,then all else being equal,the long-run quantity of aggregate supply will:

Suppose advances in computer technology lead to a surge in worker productivity.In the long run,output will ________ and the price level will ________.

During the Great Recession,the unemployment rate climbed as high as ________ and remained around 7-9% ________ months after the recession began.

Explain how a change in real wealth can sometimes cause a movement along the aggregate demand curve and how sometimes it can cause a shift of the aggregate demand curve.

Which of the following would cause a downward movement along the aggregate demand curve?

Refer to the following figure to answer the questions that follow. -Based on the figure,which points represent short-run equilibrium?

Unemployment rises and real gross domestic product (GDP)growth slows during the:

The Great Recession ended in:

When actual unemployment is less than its natural rate:

A fall in the price level that causes a change in net exports results in:

Suppose a hurricane destroys 20% of the capital stock in a country.In the long run,output will ________ and the price level will ________.

If short-run equilibrium output is above full employment output,then in the long run input prices will:

Thinking Like an Economist

Economic Models and Gains From Trade

The Market at Work: Supply and Demand

Market Efficiency

Costs and Production: How Do Businesses Work?

Market Structures

Behavioral Economics and Game Theory

Labor Markets and Earnings

Government in the Economy

What Is Macroeconomics?

Measuring the Macroeconomy, Inflation, and Unemployment

Economic Growth and the Wealth of Nations

Savings, Investment, and the Market for Loanable Funds

Money and the Federal Reserve

Monetary Policy

Fiscal Policy and Budget Deficits

International Economics

Personal Finance

Filters

During the Great Depression,aggregate demand in the U.S.economy decreased.As a result,the unemployment rate and real gross domestic product (GDP).

Suppose a country's population is aging and the size of the workforce is declining.In the long run,output will and the price level will .

An increase in aggregate demand is beneficial in the short run because ,but harmful in the long run because .

A decrease in aggregate demand is harmful in the short run because ,but beneficial in the long run because .

Suppose advances in computer technology lead to a surge in worker productivity.In the long run,output will and the price level will .

During the Great Recession,the unemployment rate climbed as high as and remained around 7-9% months after the recession began.

Suppose a hurricane destroys 20% of the capital stock in a country.In the long run,output will and the price level will .