Exam 17: Monetary Theory I: The Aggregate Demand and Aggregate Supply Model

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In comparing the views of economists on stabilization policy in the 1960s with the current views of economists on stabilization policy, one can say

(Multiple Choice)

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Question 61

The aggregate demand curve illustrates the relationship between

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Question 62

Which of the following was NOT cited as contributing to unusual uncertainty having an adverse effect on aggregate supply?

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Question 63

Which of the following would NOT shift the aggregate demand curve to the left?

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Question 64

If the expected price level increases at the same time that the federal government cuts taxes, in the short run

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Question 65

A rise in the real interest rate will cause which of the components of aggregate demand to decline?

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Question 66

Which of the following would cause the long-run aggregate supply curve to shift?

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Question 67

An increase in the price level reduces net exports because

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Question 68

According to the new classical view, when the actual price level is greater than the expected price level

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Question 69

Make use of the misperceptions theory to explain why the short-run aggregate supply curve is upward sloping.

(Essay)

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Question 70

The aggregate supply curve represents levels of output that producers are willing to sell at

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Question 71

Suppose a company expects prices in general to rise by 5%, but the price of its product rises by 2%. How will the company respond to the price change?

(Multiple Choice)

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Question 72

Which of the following is NOT included in aggregate demand?

(Multiple Choice)

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Question 73

If oil prices fall at the same time that the federal government increases its purchases, in the short run

(Multiple Choice)

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Question 74

The result of the supply shocks of 1973-1974 was to

(Multiple Choice)

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Question 75

Some economists have predicted that recent developments in energy production in the United States are estimated to result in all of the following EXCEPT:

(Multiple Choice)

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Question 76

During the years from 1964 to 1969, inflation increased in the United States

(Multiple Choice)

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Question 77

An expansionary monetary policy that successfully counteracts a recession has the side effect of

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Question 78

In the aggregate demand-aggregate supply model, if entrepreneurs become convinced that future profitability of capital has increased,

(Multiple Choice)

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Question 79

Which of the following would shift the aggregate demand curve to the left?

(Multiple Choice)

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Question 80

Showing 61 - 80 of 98

In comparing the views of economists on stabilization policy in the 1960s with the current views of economists on stabilization policy, one can say

The aggregate demand curve illustrates the relationship between

Which of the following was NOT cited as contributing to unusual uncertainty having an adverse effect on aggregate supply?

Which of the following would NOT shift the aggregate demand curve to the left?

If the expected price level increases at the same time that the federal government cuts taxes, in the short run

A rise in the real interest rate will cause which of the components of aggregate demand to decline?

Which of the following would cause the long-run aggregate supply curve to shift?

An increase in the price level reduces net exports because

According to the new classical view, when the actual price level is greater than the expected price level

Make use of the misperceptions theory to explain why the short-run aggregate supply curve is upward sloping.

The aggregate supply curve represents levels of output that producers are willing to sell at

Suppose a company expects prices in general to rise by 5%, but the price of its product rises by 2%. How will the company respond to the price change?

Which of the following is NOT included in aggregate demand?

If oil prices fall at the same time that the federal government increases its purchases, in the short run

The result of the supply shocks of 1973-1974 was to

Some economists have predicted that recent developments in energy production in the United States are estimated to result in all of the following EXCEPT:

During the years from 1964 to 1969, inflation increased in the United States

An expansionary monetary policy that successfully counteracts a recession has the side effect of

In the aggregate demand-aggregate supply model, if entrepreneurs become convinced that future profitability of capital has increased,

Which of the following would shift the aggregate demand curve to the left?

Introducing Money and the Financial System

Money and the Payments System

Interest Rates and Rates of Return

Determining Interest Rates

The Risk Structure and Term Structure of Interest Rates

The Stock Market, Information, and Financial Market Efficiency

Derivatives and Derivative Markets

The Market for Foreign Exchange

Transactions Costs, Asymmetric Information, and the Structure of the Financial System

The Economics of Banking

Investment Banks, Mutual Funds, Hedge Funds, and the Shadow Banking System

Financial Crises and Financial Regulation

The Federal Reserve and Central Banking

The Federal Reserves Balance Sheet and the Money Supply Process

Monetary Policy

The International Financial System and Monetary Policy

Monetary Theory II: The IS-MP Model

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