Exam 28: Aggregate Demand and Aggregate Supply

If the government does not react to a recession:

If a change in the U.S.price level caused U.S.imports to increase,it must be true that the price level:

The effect of a shift in the aggregate demand curve due to an increase in consumer confidence will be:

In the short run,the aggregate supply curve:

Firms are willing to change the aggregate quantity of output supplied based on price:

In general,changes in the price level will change:

In the long run,changes in prices of goods and services paid by consumers:

The long-run aggregate supply curve represents:

In macroeconomics,the long run refers to:

Increases in the overall price level:

The aggregate supply curve is:

An economy in which output has decreased and prices have increased would suggest that there has been a:

Which of the following would likely cause aggregate demand to shift to the left?

When the U.S.price level increases,we would expect:

When a nonprice change affects any of the four components of GDP:

In the macroeconomic model of aggregate supply and aggregate demand,quantity is:

In the macroeconomy,demand-side shifts change:

The introduction of the Internet over the last 20 years has caused:

There is a negative relationship between the price level and which components of GDP?

A temporary decrease in the price of oil would be considered a: