Exam 15: Aggregate Demand and Aggregate Supply Analysis

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Spending on the war in Afghanistan is essentially categorized as government purchases.How do decreases in spending on the war in Afghanistan affect the aggregate demand curve?

(Multiple Choice)

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Question 261

The new classical model has as its central idea that

(Multiple Choice)

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Question 262

When potential GDP increases,long-run aggregate supply also increases.

(True/False)

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Question 263

An increase in aggregate demand causes an increase in only in the short run,but causes an increase in in both the short run and the long run.

(Multiple Choice)

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Question 264

If technological change occurs in the economy

(Multiple Choice)

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Question 265

Higher personal income taxes

(Multiple Choice)

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Question 266

Workers expect inflation to rise from 3% to 5% next year.As a result,this should

(Multiple Choice)

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Question 267

The aggregate demand curve shows the relationship between the and .

(Multiple Choice)

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Question 268

If,due to a recession,foreign workers begin to leave the United States to search for temporary work in their home countries until the recession has ended,this will

(Multiple Choice)

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Question 269

A negative supply shock in the short run causes

(Multiple Choice)

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Question 270

Figure 15-1 -Refer to Figure 15-1.Ceteris paribus,an increase in government spending would be represented by a movement from

(Multiple Choice)

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Question 271

An increase in the value of which of the following would not increase household wealth?

(Multiple Choice)

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Question 272

Studies have shown that

(Multiple Choice)

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Question 273

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

(Multiple Choice)

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Question 274

Suppose the U.S.GDP growth rate is faster relative to other countries' GDP growth rates.U.S.imports will therefore increase faster than U.S.exports,and this will

(Multiple Choice)

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Question 275

One factor which brought on the recession of 2007-2009 was the financial crisis in 2008.

(True/False)

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Question 276

Explain how the aggregate demand and aggregate supply model can be made more dynamic.

(Essay)

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Question 277

Proponents of the ________ model argue that the short-run supply curve is vertical.

(Multiple Choice)

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Question 278

On average,in the recessions since 1950,it has taken ________ for real GDP to return to its cyclical peak.

(Multiple Choice)

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Question 279

When the price level rises from 110 to 115,the aggregate level of GDP supplied rises from $80 billion to $120 billion.This relationship represents the relationship between the quantity of real GDP firms are willing to supply and the price level.

(Multiple Choice)

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Question 280

Showing 261 - 280 of 286

Spending on the war in Afghanistan is essentially categorized as government purchases.How do decreases in spending on the war in Afghanistan affect the aggregate demand curve?

The new classical model has as its central idea that

When potential GDP increases,long-run aggregate supply also increases.

An increase in aggregate demand causes an increase in only in the short run,but causes an increase in in both the short run and the long run.

If technological change occurs in the economy

Higher personal income taxes

Workers expect inflation to rise from 3% to 5% next year.As a result,this should

The aggregate demand curve shows the relationship between the and .

If,due to a recession,foreign workers begin to leave the United States to search for temporary work in their home countries until the recession has ended,this will

A negative supply shock in the short run causes

Figure 15-1 -Refer to Figure 15-1.Ceteris paribus,an increase in government spending would be represented by a movement from

An increase in the value of which of the following would not increase household wealth?

Studies have shown that

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

Suppose the U.S.GDP growth rate is faster relative to other countries' GDP growth rates.U.S.imports will therefore increase faster than U.S.exports,and this will

One factor which brought on the recession of 2007-2009 was the financial crisis in 2008.

Explain how the aggregate demand and aggregate supply model can be made more dynamic.

Proponents of the ________ model argue that the short-run supply curve is vertical.

On average,in the recessions since 1950,it has taken ________ for real GDP to return to its cyclical peak.

When the price level rises from 110 to 115,the aggregate level of GDP supplied rises from $80 billion to $120 billion.This relationship represents the relationship between the quantity of real GDP firms are willing to supply and the price level.

Economics: Foundations and Models

Trade-Offs, Comparative Advantage, and the Market System

Where Prices Come From: The Interaction of Demand and Supply

Market Efficiency and Market Failure

The Economics of Health Care

Firms, The Stock Market, and Corporate Governance

Consumer Choice and Elasticity

Technology,Production,and Costs

Firms in Perfectly Competitive Markets

Monopoly and Antitrust Policy

Monopolistic Competition and Oligopoly

GDP: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, The Financial System, and Business Cycles

Money,Banks,and the Federal Reserve System

Monetary Policy

Fiscal Policy

Comparative Advantage, International Trade, and Exchange Rates

Filters

Exam 15: Aggregate Demand and Aggregate Supply Analysis

Spending on the war in Afghanistan is essentially categorized as government purchases.How do decreases in spending on the war in Afghanistan affect the aggregate demand curve?

The new classical model has as its central idea that

When potential GDP increases,long-run aggregate supply also increases.

An increase in aggregate demand causes an increase in ________ only in the short run,but causes an increase in ________ in both the short run and the long run.

If technological change occurs in the economy

Higher personal income taxes

Workers expect inflation to rise from 3% to 5% next year.As a result,this should

The aggregate demand curve shows the relationship between the ________ and ________.

If,due to a recession,foreign workers begin to leave the United States to search for temporary work in their home countries until the recession has ended,this will

A negative supply shock in the short run causes

Figure 15-1 -Refer to Figure 15-1.Ceteris paribus,an increase in government spending would be represented by a movement from

An increase in the value of which of the following would not increase household wealth?

Studies have shown that

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

Suppose the U.S.GDP growth rate is faster relative to other countries' GDP growth rates.U.S.imports will therefore increase faster than U.S.exports,and this will

One factor which brought on the recession of 2007-2009 was the financial crisis in 2008.

Explain how the aggregate demand and aggregate supply model can be made more dynamic.

Proponents of the ________ model argue that the short-run supply curve is vertical.

On average,in the recessions since 1950,it has taken ________ for real GDP to return to its cyclical peak.

When the price level rises from 110 to 115,the aggregate level of GDP supplied rises from $80 billion to $120 billion.This ________ relationship represents the ________ relationship between the quantity of real GDP firms are willing to supply and the price level.

Economics: Foundations and Models

Trade-Offs, Comparative Advantage, and the Market System

Where Prices Come From: The Interaction of Demand and Supply

Market Efficiency and Market Failure

The Economics of Health Care

Firms, The Stock Market, and Corporate Governance

Consumer Choice and Elasticity

Technology,Production,and Costs

Firms in Perfectly Competitive Markets

Monopoly and Antitrust Policy

Monopolistic Competition and Oligopoly

GDP: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, The Financial System, and Business Cycles

Money,Banks,and the Federal Reserve System

Monetary Policy

Fiscal Policy

Comparative Advantage, International Trade, and Exchange Rates

Filters

An increase in aggregate demand causes an increase in only in the short run,but causes an increase in in both the short run and the long run.

The aggregate demand curve shows the relationship between the and .

When the price level rises from 110 to 115,the aggregate level of GDP supplied rises from $80 billion to $120 billion.This relationship represents the relationship between the quantity of real GDP firms are willing to supply and the price level.