Exam 28: Aggregate Demand and Aggregate Supply

In the long run,if the prices of goods and services paid by consumers increase:

Which of the following macroeconomic variables would be drawn accurately as perfectly inelastic?

The long-run aggregate supply curve is:

The downward-sloping aggregate demand curve is partly due to:

Something that would cause the long-run aggregate supply curve to shift to the right would be:

The long-run aggregate supply curve:

Falling output,in the short run,could be due to:

The wealth effect explains the:

If the economy is in a recession,it means that:

Some call the Great Recession:

A year-long drought that destroys most of the summer's crops would be considered:

The relationship between the price level and net exports is:

Government spending:

One major difference between the aggregate supply curve and an individual supply curve is:

The aggregate supply and aggregate demand model is used to explain:

When the prices of final goods and services increase more quickly than the prices of inputs,we say that:

Economic stagnation coupled with high inflation is commonly called:

The wealth effect:

Something that would cause the long-run aggregate supply curve to shift to the right would be:

When the government considers whether it should change its spending in response to a recession,it must weigh the tradeoff between ____________ and ________________.