Exam 13: Aggregate Demand and Aggregate Supply

Figure 13-7 shows the short-run macroeconomic equilibrium of an economy. In the figure, starting at Point A, a decrease in aggregate demand would result in:Figure 13-7

(Multiple Choice)

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Question 61

Figure 13-6 shows the short-run macroeconomic equilibrium of an economy. Which of the following will happen in the short run if there is a decrease in aggregate demand?Figure 13-6

(Multiple Choice)

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Question 62

Which of the following will decrease aggregate demand in an economy?

(Multiple Choice)

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Question 63

Figure 13-2 shows shifts in the aggregate demand curve. Which of the following combinations would be illustrated by a shift in aggregate demand from AD₀ to AD₂?Figure 13-2

(Multiple Choice)

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Question 64

Discuss the difference between an increase in the aggregate demand curve and an increase in the quantity of real GDP demanded. Include discussion of how the price level relates to each event.

(Essay)

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Question 65

Ceteris paribus, which of the following would cause the aggregate demand curve to shift to the left?

(Multiple Choice)

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Question 66

The figure below shows the relationship between the real GDP and the price level of an economy. In the figure, _____ represents aggregate demand.Figure 13-1

(Multiple Choice)

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Question 67

What is the natural level of output?

(Essay)

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Question 68

Explain why the short-run supply curve is not vertical, but the long-run aggregate supply curve is vertical.

(Essay)

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Question 69

The interest rate effect suggests that the negative slope of the aggregate demand curve results, at least in part, because changes in the price level affect:

(Multiple Choice)

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Question 70

In the short run, an increase in the price level:

(Multiple Choice)

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Question 71

The long-run aggregate supply curve is the relationship between the price level and the quantity of real GDP that is supplied once input prices have had time to fully adjust to that price level.

(True/False)

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Question 72

Figure 13-3 shows the relationship between real GDP and the price level in an economy. In the figure, _____ represents short-run aggregate supply?Figure 13-3

(Multiple Choice)

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Question 73

Holding all other things constant, when the price level rises, interest rates:

(Multiple Choice)

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Question 74

Which of the following is a difference between the short-run aggregate supply curve and the long-run aggregate supply curve?

(Multiple Choice)

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Question 75

Sam prefers holding his savings as cash in his house. Currently, the economy is experiencing an increasing price level. He can conclude that:

(Multiple Choice)

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Question 76

When there is a recessionary gap, one is likely to see an increase in overtime work.

(True/False)

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Question 77

Which of the following would lead to stagflation?

(Multiple Choice)

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Question 78

Faster growth rates of a nation's major trading partner combined with an increase in the nation's stock market wealth would:

(Multiple Choice)

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Question 79

A decrease in the U.S. price level will:

(Multiple Choice)

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Question 80

Showing 61 - 80 of 100

Figure 13-7 shows the short-run macroeconomic equilibrium of an economy. In the figure, starting at Point A, a decrease in aggregate demand would result in:Figure 13-7

Figure 13-6 shows the short-run macroeconomic equilibrium of an economy. Which of the following will happen in the short run if there is a decrease in aggregate demand?Figure 13-6

Which of the following will decrease aggregate demand in an economy?

Figure 13-2 shows shifts in the aggregate demand curve. Which of the following combinations would be illustrated by a shift in aggregate demand from AD₀ to AD₂?Figure 13-2

Discuss the difference between an increase in the aggregate demand curve and an increase in the quantity of real GDP demanded. Include discussion of how the price level relates to each event.

Ceteris paribus, which of the following would cause the aggregate demand curve to shift to the left?

The figure below shows the relationship between the real GDP and the price level of an economy. In the figure, _____ represents aggregate demand.Figure 13-1

What is the natural level of output?

Explain why the short-run supply curve is not vertical, but the long-run aggregate supply curve is vertical.

The interest rate effect suggests that the negative slope of the aggregate demand curve results, at least in part, because changes in the price level affect:

In the short run, an increase in the price level:

The long-run aggregate supply curve is the relationship between the price level and the quantity of real GDP that is supplied once input prices have had time to fully adjust to that price level.

Figure 13-3 shows the relationship between real GDP and the price level in an economy. In the figure, _____ represents short-run aggregate supply?Figure 13-3

Holding all other things constant, when the price level rises, interest rates:

Which of the following is a difference between the short-run aggregate supply curve and the long-run aggregate supply curve?

Sam prefers holding his savings as cash in his house. Currently, the economy is experiencing an increasing price level. He can conclude that:

When there is a recessionary gap, one is likely to see an increase in overtime work.

Which of the following would lead to stagflation?

Faster growth rates of a nation's major trading partner combined with an increase in the nation's stock market wealth would:

A decrease in the U.S. price level will:

The Role and Method of Economics

The Economic Way of Thinking

Supply and Demand

Using Supply and Demand

Market Failure and Public Choice

Production and Costs

Firms in Perfectly Competitive Markets

Monopoly

Monopolistic Competition and Oligopoly

Labor Markets, Income Distribution, and Poverty

Introduction to Macroeconomics: Unemployment, Inflation, and Economic Fluctuations

Economic Growth

Fiscal Policy

Monetary Institutions

The Federal Reserve and Monetary Policy

Issues in Macroeconomic Theory and Policy

International Economics

Filters

Exam 13: Aggregate Demand and Aggregate Supply

Figure 13-7 shows the short-run macroeconomic equilibrium of an economy. In the figure, starting at Point A, a decrease in aggregate demand would result in:Figure 13-7

Figure 13-6 shows the short-run macroeconomic equilibrium of an economy. Which of the following will happen in the short run if there is a decrease in aggregate demand?Figure 13-6

Which of the following will decrease aggregate demand in an economy?

Figure 13-2 shows shifts in the aggregate demand curve. Which of the following combinations would be illustrated by a shift in aggregate demand from AD0 to AD2?Figure 13-2​

Discuss the difference between an increase in the aggregate demand curve and an increase in the quantity of real GDP demanded. Include discussion of how the price level relates to each event.

Ceteris paribus, which of the following would cause the aggregate demand curve to shift to the left?

The figure below shows the relationship between the real GDP and the price level of an economy. In the figure, _____ represents aggregate demand.Figure 13-1

What is the natural level of output?

Explain why the short-run supply curve is not vertical, but the long-run aggregate supply curve is vertical.

The interest rate effect suggests that the negative slope of the aggregate demand curve results, at least in part, because changes in the price level affect:

In the short run, an increase in the price level:

The long-run aggregate supply curve is the relationship between the price level and the quantity of real GDP that is supplied once input prices have had time to fully adjust to that price level.

Figure 13-3 shows the relationship between real GDP and the price level in an economy. In the figure, _____ represents short-run aggregate supply?Figure 13-3​

Holding all other things constant, when the price level rises, interest rates:

Which of the following is a difference between the short-run aggregate supply curve and the long-run aggregate supply curve?

Sam prefers holding his savings as cash in his house. Currently, the economy is experiencing an increasing price level. He can conclude that:

When there is a recessionary gap, one is likely to see an increase in overtime work.

Which of the following would lead to stagflation?

Faster growth rates of a nation's major trading partner combined with an increase in the nation's stock market wealth would:

A decrease in the U.S. price level will:

The Role and Method of Economics

The Economic Way of Thinking

Supply and Demand

Using Supply and Demand

Market Failure and Public Choice

Production and Costs

Firms in Perfectly Competitive Markets

Monopoly

Monopolistic Competition and Oligopoly

Labor Markets, Income Distribution, and Poverty

Introduction to Macroeconomics: Unemployment, Inflation, and Economic Fluctuations

Economic Growth

Fiscal Policy

Monetary Institutions

The Federal Reserve and Monetary Policy

Issues in Macroeconomic Theory and Policy

International Economics

Filters

Figure 13-2 shows shifts in the aggregate demand curve. Which of the following combinations would be illustrated by a shift in aggregate demand from AD₀ to AD₂?Figure 13-2

Figure 13-3 shows the relationship between real GDP and the price level in an economy. In the figure, _____ represents short-run aggregate supply?Figure 13-3