Exam 5: Introduction to Macroeconomics

The aggregate supply curve of an economy:​

Which of the following is true of a recession?​

The figure below shows the aggregate demand and supply curves for the U.S.In this figure,as the aggregate demand curve shifts from AD to AD',the equilibrium price level in period 1:​ ​ Figure 5.2 ​

Which of the following decades is known as the "Golden Age of Keynesian Economics"?

The figure below shows the aggregate demand and supply curves for the U.S.A rightward shift of the aggregate supply curve from AS to AS' would be caused by:​ ​ Figure 5.4 ​

On a graph showing the aggregate demand and aggregate supply curves,stagflation can be represented by a:

The global financial panic in September 2008 that led to a sharp fall in business investment spending and consumer spending can be viewed as:

Which of the following is true of a recessionary period?

The value of a country's final goods and services after adjusting for changes due to inflation is called its _____.​

Keynesian policies are ineffective at combating stagflation because stagflation is caused by:

Which of the following was true of the U.S.job market between 1929 and 2011?

Since the Great Depression,business fluctuations have become more severe and longer in duration

The Keynesian approach to fiscal policy calls for:

An increase in government spending,other things constant,will cause a:​

In the history of the U.S.economy,which economic era saw both high unemployment and high inflation at the same time?

Which of these factors can explain the short recession experienced by the U.S.in 2001?

Given an aggregate supply curve,a decrease in aggregate demand will:​

Macroeconomic equilibrium is best described as a situation in which:​

Which of the following happened during the Great Depression?​

The economic policy based on the incorrect theory that a nation's economic objective should be to accumulate precious metals in the public treasury is called _____.