Question 1

All of the following,except one,will change net exports.Which is the exception?

Accepted Answer

A) Foreign income. 
B) Value of exchange rate. 
C) Price of competitive (foreign)goods. 
D) Interest rates. 
E) Tastes of foreigners. 
A) Foreign income. 
B) Value of exchange rate. 
C) Price of competitive (foreign)goods. 
D) Interest rates. 
E) Tastes of foreigners.

Question 2

Macroeconomic equilibrium occurs where the aggregate demand is equal to long-run aggregate supply.

Accepted Answer

A) True 
 B)False

Question 3

Assume an economy is currently in equilibrium with Real GDP at $500 billion.If potential Real GDP (LAS)is $400 billion,which of the following is true?

Accepted Answer

A) There is a recessionary gap of 100 percent. 
B) There is a recessionary gap of $100 billion. 
C) There is an inflationary gap of 100 percent. 
D) There is an inflationary gap of $100 billion. 
A) There is a recessionary gap of 100 percent. 
B) There is a recessionary gap of $100 billion. 
C) There is an inflationary gap of 100 percent. 
D) There is an inflationary gap of $100 billion.

All of the following,except one,will change net exports.Which is the exception?

Macroeconomic equilibrium occurs where the aggregate demand is equal to long-run aggregate supply.

Assume an economy is currently in equilibrium with Real GDP at $500 billion.If potential Real GDP (LAS)is $400 billion,which of the following is true?

The Economic Problem

Demand and Supply: an Introduction

Measuring the Economy 1: GDP and Economic Growth

Measuring the Economy 2: Unemployment and Inflation

Aggregate Expenditures

Fiscal Policy

Money and Banking

The Money Market and Monetary Policy

International Trade

Exchange Rates and the Balance of Payments

Macroeconomic Policy Revisited

A Walk Through the Twentieth Century and Beyond

Filters

Exam 5: Aggregate Demand and Supply

All of the following,except one,will change net exports.Which is the exception?

Macroeconomic equilibrium occurs where the aggregate demand is equal to long-run aggregate supply.

Assume an economy is currently in equilibrium with Real GDP at $500 billion.If potential Real GDP (LAS)is $400 billion,which of the following is true?

The Economic Problem

Demand and Supply: an Introduction

Measuring the Economy 1: GDP and Economic Growth

Measuring the Economy 2: Unemployment and Inflation

Aggregate Expenditures

Fiscal Policy

Money and Banking

The Money Market and Monetary Policy

International Trade

Exchange Rates and the Balance of Payments

Macroeconomic Policy Revisited

A Walk Through the Twentieth Century and Beyond

Filters