Exam 12: Aggregate Demand and Aggregate Supply

Use the following to answer questions: -(Figure: AD-AS)Refer to Figure: AD-AS.Assume that the economy is in long-run equilibrium.If the Bank of Canada lowers the key interest rate:

(Multiple Choice)

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Question 181

Use the following to answer questions: -An inflationary gap:

(Multiple Choice)

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Question 182

The long-run supply curve illustrates how the aggregate output supplied is _____ the aggregate price level.

(Multiple Choice)

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Question 183

Use the following to answer questions: -(Figure: Shift of the Aggregate Demand Curve)Refer to Figure: Shift of the Aggregate Demand Curve.An increase in aggregate demand is illustrated by a movement from:

(Multiple Choice)

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Question 184

As a result of a sharp decrease in aggregate demand between 1929 and 1933,real GDP was _____ its 1929 level.

(Multiple Choice)

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Question 185

An increase in aggregate demand will generate _ in real GDP and _ in the price level in the short run.

(Multiple Choice)

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Question 186

The intersection of an economy's aggregate demand and long-run aggregate supply curves:

(Multiple Choice)

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Question 187

An economic policy maker would rank a _____ shock as the MOST preferred type.

(Multiple Choice)

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Question 188

The short-run aggregate supply curve would NOT shift to the left as a result of a(n):

(Multiple Choice)

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Question 189

A rise in labour productivity will MOST likely result in a(n):

(Multiple Choice)

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Question 190

The short-run aggregate supply curve is positively sloped because:

(Multiple Choice)

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Question 191

Use the following to answer questions: -(Figure: AD-AS Model II)Refer to Figure: AD-AS Model II.If productivity increases,the _ curve will shift to the _.

(Multiple Choice)

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Question 192

The Great Depression was caused by _ shocks,and the stagflation of the 1970s was caused by _ shocks.

(Multiple Choice)

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Question 193

Which of the following policies will shift the AD curve to the LEFT?

(Multiple Choice)

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Question 194

The aggregate supply curve shows the relationship between the aggregate price level and the quantity of aggregate output supplied.

(True/False)

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Question 195

If the stock of physical capital increases,all other things unchanged,the aggregate demand curve will:

(Multiple Choice)

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Question 196

In the long run,an increase in AD will result in:

(Multiple Choice)

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Question 197

If the labour force becomes healthier and productivity increases,short-run aggregate supply is likely to increase.

(True/False)

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Question 198

Aggregate demand will decrease if:

(Multiple Choice)

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Question 199

Suppose that political instability in the Middle East interrupts the supply of oil.The ___ curve shifts _,output _,and prices ___.

(Multiple Choice)

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Question 200

Showing 181 - 200 of 345

Use the following to answer questions: -(Figure: AD-AS)Refer to Figure: AD-AS.Assume that the economy is in long-run equilibrium.If the Bank of Canada lowers the key interest rate:

Use the following to answer questions: -An inflationary gap:

The long-run supply curve illustrates how the aggregate output supplied is _____ the aggregate price level.

Use the following to answer questions: -(Figure: Shift of the Aggregate Demand Curve)Refer to Figure: Shift of the Aggregate Demand Curve.An increase in aggregate demand is illustrated by a movement from:

As a result of a sharp decrease in aggregate demand between 1929 and 1933,real GDP was _____ its 1929 level.

An increase in aggregate demand will generate _ in real GDP and _ in the price level in the short run.

The intersection of an economy's aggregate demand and long-run aggregate supply curves:

An economic policy maker would rank a _____ shock as the MOST preferred type.

The short-run aggregate supply curve would NOT shift to the left as a result of a(n):

A rise in labour productivity will MOST likely result in a(n):

The short-run aggregate supply curve is positively sloped because:

Use the following to answer questions: -(Figure: AD-AS Model II)Refer to Figure: AD-AS Model II.If productivity increases,the _ curve will shift to the _.

The Great Depression was caused by _ shocks,and the stagflation of the 1970s was caused by _ shocks.

Which of the following policies will shift the AD curve to the LEFT?

The aggregate supply curve shows the relationship between the aggregate price level and the quantity of aggregate output supplied.

If the stock of physical capital increases,all other things unchanged,the aggregate demand curve will:

In the long run,an increase in AD will result in:

If the labour force becomes healthier and productivity increases,short-run aggregate supply is likely to increase.

Aggregate demand will decrease if:

Suppose that political instability in the Middle East interrupts the supply of oil.The ___ curve shifts _,output _,and prices ___.

First Principles

Economic Models: Trade-Offs and Trade

Supply and Demand

Price Controls and Quotas: Meddling With Markets

International Trade

Macroeconomics: the Big Picture

Gdp and the Cpi: Tracking the Macroeconomy

Unemployment and Inflation

Long-Run Economic Growth

Savings, Investment Spending, and the Financial System

Income and Expenditure

Fiscal Policy

Money, Banking, and the Federal Reserve System

Monetary Policy

Inflation, Disinflation, and Deflation

Macroeconomics: Events and Ideas

International Macroeconomics

Graphs in Economics

Filters

Exam 12: Aggregate Demand and Aggregate Supply

Use the following to answer questions: -(Figure: AD-AS)Refer to Figure: AD-AS.Assume that the economy is in long-run equilibrium.If the Bank of Canada lowers the key interest rate:

Use the following to answer questions: -An inflationary gap:

The long-run supply curve illustrates how the aggregate output supplied is _____ the aggregate price level.

Use the following to answer questions: -(Figure: Shift of the Aggregate Demand Curve)Refer to Figure: Shift of the Aggregate Demand Curve.An increase in aggregate demand is illustrated by a movement from:

As a result of a sharp decrease in aggregate demand between 1929 and 1933,real GDP was _____ its 1929 level.

An increase in aggregate demand will generate _____ in real GDP and _____ in the price level in the short run.

The intersection of an economy's aggregate demand and long-run aggregate supply curves:

An economic policy maker would rank a _____ shock as the MOST preferred type.

The short-run aggregate supply curve would NOT shift to the left as a result of a(n):

A rise in labour productivity will MOST likely result in a(n):

The short-run aggregate supply curve is positively sloped because:

Use the following to answer questions: -(Figure: AD-AS Model II)Refer to Figure: AD-AS Model II.If productivity increases,the _____ curve will shift to the _____.

The Great Depression was caused by _____ shocks,and the stagflation of the 1970s was caused by _____ shocks.

Which of the following policies will shift the AD curve to the LEFT?

The aggregate supply curve shows the relationship between the aggregate price level and the quantity of aggregate output supplied.

If the stock of physical capital increases,all other things unchanged,the aggregate demand curve will:

In the long run,an increase in AD will result in:

If the labour force becomes healthier and productivity increases,short-run aggregate supply is likely to increase.

Aggregate demand will decrease if:

Suppose that political instability in the Middle East interrupts the supply of oil.The _____ curve shifts _____,output _____,and prices _____.

First Principles

Economic Models: Trade-Offs and Trade

Supply and Demand

Price Controls and Quotas: Meddling With Markets

International Trade

Macroeconomics: the Big Picture

Gdp and the Cpi: Tracking the Macroeconomy

Unemployment and Inflation

Long-Run Economic Growth

Savings, Investment Spending, and the Financial System

Income and Expenditure

Fiscal Policy

Money, Banking, and the Federal Reserve System

Monetary Policy

Inflation, Disinflation, and Deflation

Macroeconomics: Events and Ideas

International Macroeconomics

Graphs in Economics

Filters

An increase in aggregate demand will generate _ in real GDP and _ in the price level in the short run.

Use the following to answer questions: -(Figure: AD-AS Model II)Refer to Figure: AD-AS Model II.If productivity increases,the _ curve will shift to the _.

The Great Depression was caused by _ shocks,and the stagflation of the 1970s was caused by _ shocks.

Suppose that political instability in the Middle East interrupts the supply of oil.The ___ curve shifts _,output _,and prices ___.