Exam 28: Aggregate Demand and Aggregate Supply

A positive temporary supply side shock will:

During the period that many call the Great Recession:

One way the government can boost the economy out of a recession is:

U.S.goods will become relatively less expensive than goods from other countries if:

In the long run:

The aggregate demand curve:

When the economy is operating at a point where aggregate demand equals short-run aggregate supply,it must be true that:

Which of the following is a component of aggregate demand?

When people buy assets simply because they believe the assets will appreciate and can be sold for a profit,it may cause:

An increase in the price level causes government spending to:

There is no relationship between the price level and which component of GDP?

The equilibrium of aggregate supply and aggregate demand represents:

The introduction of the power loom during the Industrial Revolution caused:

The wealth effect says that if there is an increase in the price level,you will:

The long-run aggregate supply curve represents the level of output possible if the economy:

Temporary supply shocks:

A decrease in consumer confidence will cause:

A situation in which output decreases while prices increase is often referred to as:

The downward sloping aggregated demand curve can be explained in part through:

If a hurricane were to wipe out the majority of the eastern seaboard in the United States,it would likely be a: