The figure below shows the short-run aggregate supply curve of an economy.If P3 is the price level prevailing in the economy,_____. Figure 10.1

A) there is an expansionary gap. B) there is a recessionary gap. C) the price level will rise. D) the actual unemployment rate is above the natural rate. E) potential output is greater than actual output. A) there is an expansionary gap. B) there is a recessionary gap. C) the price level will rise. D) the actual unemployment rate is above the natural rate. E) potential output is greater than actual output.

Exam 10: Aggregate Supply

The figure given below depicts long run equilibrium in an aggregate demand-aggregate supply model.Which of these could have caused the movement shown in this figure? Figure 10.8

(Multiple Choice)

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Question 41

The figure given below depicts long-run equilibrium in the aggregate demand-aggregate supply model.The movement from Y₁ to Y₂in this figure could have been caused by a: Figure 10.9

(Multiple Choice)

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Question 42

Actual output can exceed the economy's potential both in the short run and the long run.

(True/False)

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Question 43

The figure below shows the short-run aggregate supply curve of an economy.If P₃ is the price level prevailing in the economy,_____. Figure 10.1

(Multiple Choice)

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Question 44

The figure below shows the determination of the equilibrium price level and real GDP in an aggregate demand-aggregate supply model.If the economy is at point H,there is a(n): Figure 10.7

(Multiple Choice)

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Question 45

The potential output of an economy is the level of output produced when the:

(Multiple Choice)

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Question 46

The fact that some resource prices are fixed by contracts help explain why firms:

(Multiple Choice)

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Question 47

In the aggregate demand-aggregate supply model,which of these changes is most likely when the cost of production increases in the long run?

(Multiple Choice)

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Question 48

In the long run,a decrease in aggregate demand will lead to a(n):

(Multiple Choice)

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Question 49

The figure below shows the equilibrium in an aggregate demand-aggregate supply model.In this figure,which of the following is true for an economy that is at point V in the short run? Figure 10.4

(Multiple Choice)

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Question 50

Which of the following is true?

(Multiple Choice)

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Question 51

Which of these does not hold true if an economy is simultaneously in long-run and short-run equilibrium?

(Multiple Choice)

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Question 52

The short-run aggregate supply curve shows a(n):

(Multiple Choice)

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Question 53

Which of these is most likely to reduce the potential output of an economy?

(Multiple Choice)

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Question 54

Which of these is true of the expected price level in a labor market?

(Multiple Choice)

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Question 55

Floods in the Midwest that diminish farm output would shift the aggregate supply curve outward.

(True/False)

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Question 56

If resource suppliers and demanders find out that the actual price level exceeds the expected price level,they will take corrective actions that will:

(Multiple Choice)

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Question 57

When actual output increases the potential output,_____.

(Multiple Choice)

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Question 58

When the actual price level in an economy turns out to be lower than that expected in the short run,_____.

(Multiple Choice)

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Question 59

Identify the correct statement.

(Multiple Choice)

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Question 60

Showing 41 - 60 of 150

The figure given below depicts long run equilibrium in an aggregate demand-aggregate supply model.Which of these could have caused the movement shown in this figure? Figure 10.8

The figure given below depicts long-run equilibrium in the aggregate demand-aggregate supply model.The movement from Y₁ to Y₂in this figure could have been caused by a: Figure 10.9

Actual output can exceed the economy's potential both in the short run and the long run.

The figure below shows the short-run aggregate supply curve of an economy.If P₃ is the price level prevailing in the economy,_____. Figure 10.1

The figure below shows the determination of the equilibrium price level and real GDP in an aggregate demand-aggregate supply model.If the economy is at point H,there is a(n): Figure 10.7

The potential output of an economy is the level of output produced when the:

The fact that some resource prices are fixed by contracts help explain why firms:

In the aggregate demand-aggregate supply model,which of these changes is most likely when the cost of production increases in the long run?

In the long run,a decrease in aggregate demand will lead to a(n):

The figure below shows the equilibrium in an aggregate demand-aggregate supply model.In this figure,which of the following is true for an economy that is at point V in the short run? Figure 10.4

Which of the following is true?

Which of these does not hold true if an economy is simultaneously in long-run and short-run equilibrium?

The short-run aggregate supply curve shows a(n):

Which of these is most likely to reduce the potential output of an economy?

Which of these is true of the expected price level in a labor market?

Floods in the Midwest that diminish farm output would shift the aggregate supply curve outward.

If resource suppliers and demanders find out that the actual price level exceeds the expected price level,they will take corrective actions that will:

When actual output increases the potential output,_____.

When the actual price level in an economy turns out to be lower than that expected in the short run,_____.

Identify the correct statement.

The Art and Science of Economic Analysis

Economic Tools and Economic Systems

Economic Decision Makers

Demand, supply, and Markets

Introduction to Macroeconomics

Tracking the Useconomy

Unemployment and Inflation

Productivity and Growth

Aggregate Demand

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

International Finance

Economic Development

Filters

Exam 10: Aggregate Supply

The figure given below depicts long run equilibrium in an aggregate demand-aggregate supply model.Which of these could have caused the movement shown in this figure?​ ​ Figure 10.8

The figure given below depicts long-run equilibrium in the aggregate demand-aggregate supply model.The movement from Y1 to Y2in this figure could have been caused by a:​ ​ Figure 10.9

Actual output can exceed the economy's potential both in the short run and the long run.​

The figure below shows the short-run aggregate supply curve of an economy.If P3 is the price level prevailing in the economy,_____.​ ​ Figure 10.1

The figure below shows the determination of the equilibrium price level and real GDP in an aggregate demand-aggregate supply model.If the economy is at point H,there is a(n):​ ​ Figure 10.7

The potential output of an economy is the level of output produced when the:​

The fact that some resource prices are fixed by contracts help explain why firms:​

In the aggregate demand-aggregate supply model,which of these changes is most likely when the cost of production increases in the long run?​

In the long run,a decrease in aggregate demand will lead to a(n):​

The figure below shows the equilibrium in an aggregate demand-aggregate supply model.In this figure,which of the following is true for an economy that is at point V in the short run?​ ​ Figure 10.4

Which of the following is true?

Which of these does not hold true if an economy is simultaneously in long-run and short-run equilibrium?​

The short-run aggregate supply curve shows a(n):​

Which of these is most likely to reduce the potential output of an economy?​

Which of these is true of the expected price level in a labor market?​

Floods in the Midwest that diminish farm output would shift the aggregate supply curve outward.​

If resource suppliers and demanders find out that the actual price level exceeds the expected price level,they will take corrective actions that will:​

When actual output increases the potential output,_____.​

When the actual price level in an economy turns out to be lower than that expected in the short run,_____.​

Identify the correct statement.​

The Art and Science of Economic Analysis

Economic Tools and Economic Systems

Economic Decision Makers

Demand, supply, and Markets

Introduction to Macroeconomics

Tracking the Useconomy

Unemployment and Inflation

Productivity and Growth

Aggregate Demand

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

International Finance

Economic Development

Filters

The figure given below depicts long run equilibrium in an aggregate demand-aggregate supply model.Which of these could have caused the movement shown in this figure? Figure 10.8

The figure given below depicts long-run equilibrium in the aggregate demand-aggregate supply model.The movement from Y₁ to Y₂in this figure could have been caused by a: Figure 10.9

Actual output can exceed the economy's potential both in the short run and the long run.

The figure below shows the short-run aggregate supply curve of an economy.If P₃ is the price level prevailing in the economy,_____. Figure 10.1

The figure below shows the determination of the equilibrium price level and real GDP in an aggregate demand-aggregate supply model.If the economy is at point H,there is a(n): Figure 10.7

The potential output of an economy is the level of output produced when the:

The fact that some resource prices are fixed by contracts help explain why firms:

In the aggregate demand-aggregate supply model,which of these changes is most likely when the cost of production increases in the long run?

In the long run,a decrease in aggregate demand will lead to a(n):

The figure below shows the equilibrium in an aggregate demand-aggregate supply model.In this figure,which of the following is true for an economy that is at point V in the short run? Figure 10.4

Which of these does not hold true if an economy is simultaneously in long-run and short-run equilibrium?

The short-run aggregate supply curve shows a(n):

Which of these is most likely to reduce the potential output of an economy?

Which of these is true of the expected price level in a labor market?

Floods in the Midwest that diminish farm output would shift the aggregate supply curve outward.

If resource suppliers and demanders find out that the actual price level exceeds the expected price level,they will take corrective actions that will:

When actual output increases the potential output,_____.

When the actual price level in an economy turns out to be lower than that expected in the short run,_____.

Identify the correct statement.