Exam 12: Aggregate Demand and Aggregate Supply

Use the following to answer questions: -(Figure: Policy Alternatives)Refer to Figure: Policy Alternatives.If the economy is in equilibrium at Y₁ in panel (b),it is in:

(Multiple Choice)

4.8/5

(41)

Question 261

Use the following to answer questions: -(Figure: Policy Alternatives)Refer to Figure: Policy Alternatives.Assume that the economy depicted in panel (a)is in short-run equilibrium at a real GDP level of Y₁.The economy will correct itself:

(Multiple Choice)

4.8/5

(40)

Question 262

Use the following to answer questions: -(Figure: Policy Alternatives)Refer to Figure: Policy Alternatives.If the economy is in equilibrium at Y₁ in panel (b)and the government does not intervene,the result will likely be a shift of:

(Multiple Choice)

4.8/5

(28)

Question 263

According to the interest rate effect,an increase in the price level causes people to ___ their money holdings,which _ interest rates and ___ investment spending.

(Multiple Choice)

4.9/5

(40)

Question 264

Use the following to answer questions: -(Figure: The Multiplier)Refer to Figure: The Multiplier.If this economy is at Y₁ and the price level decreases:

(Multiple Choice)

4.7/5

(37)

Question 265

The short-run aggregate supply curve may shift to the right if:

(Multiple Choice)

4.8/5

(38)

Question 266

Use the following to answer questions: -(Figure: AD-AS Model II)Refer to Figure: AD-AS Model II.As the size of the labour force increases over time,the _ curve will shift to the _.

(Multiple Choice)

4.9/5

(37)

Question 267

The dollar amount of the wage paid is called the sticky wage.

(True/False)

4.8/5

(40)

Question 268

The AD curve will shift to the left:

(Multiple Choice)

4.8/5

(35)

Question 269

A recessionary gap will be eliminated because there is _ pressure on wages,shifting the _.

(Multiple Choice)

4.9/5

(29)

Question 270

Policy CANNOT offset the effects of a:

(Multiple Choice)

4.7/5

(45)

Question 271

Assuming that prices remain constant,suppose that consumer assets and wealth lose value.The aggregate demand curve will undergo a:

(Multiple Choice)

4.7/5

(37)

Question 272

Unexpectedly rising commodity prices lead to a _____ shock.

(Multiple Choice)

4.9/5

(39)

Question 273

If government increases income tax rates,the aggregate demand curve is likely to:

(Multiple Choice)

4.9/5

(27)

Question 274

The short run in macroeconomic analysis is a period:

(Multiple Choice)

4.7/5

(36)

Question 275

The _____ curve shows the positive relationship between the aggregate price level and the quantity of aggregate output supplied when wages and prices are not fully flexible.

(Multiple Choice)

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Question 276

As a result of a decrease in the value of the dollar in relation to other currencies,Canadian imports decrease and exports increase.Consequently,there is a(n):

(Multiple Choice)

5.0/5

(26)

Question 277

A(n)_____ would likely shift the short-run aggregate supply curve to the left.

(Multiple Choice)

4.9/5

(37)

Question 278

Government purchases of goods and services _,while changes in taxes and transfer payments _.

(Multiple Choice)

4.8/5

(37)

Question 279

The short-run aggregate supply curve is:

(Multiple Choice)

4.8/5

(47)

Question 280

Showing 261 - 280 of 345

Use the following to answer questions: -(Figure: Policy Alternatives)Refer to Figure: Policy Alternatives.If the economy is in equilibrium at Y₁ in panel (b),it is in:

Use the following to answer questions: -(Figure: Policy Alternatives)Refer to Figure: Policy Alternatives.Assume that the economy depicted in panel (a)is in short-run equilibrium at a real GDP level of Y₁.The economy will correct itself:

Use the following to answer questions: -(Figure: Policy Alternatives)Refer to Figure: Policy Alternatives.If the economy is in equilibrium at Y₁ in panel (b)and the government does not intervene,the result will likely be a shift of:

According to the interest rate effect,an increase in the price level causes people to ___ their money holdings,which _ interest rates and ___ investment spending.

Use the following to answer questions: -(Figure: The Multiplier)Refer to Figure: The Multiplier.If this economy is at Y₁ and the price level decreases:

The short-run aggregate supply curve may shift to the right if:

Use the following to answer questions: -(Figure: AD-AS Model II)Refer to Figure: AD-AS Model II.As the size of the labour force increases over time,the _ curve will shift to the _.

The dollar amount of the wage paid is called the sticky wage.

The AD curve will shift to the left:

A recessionary gap will be eliminated because there is _ pressure on wages,shifting the _.

Policy CANNOT offset the effects of a:

Assuming that prices remain constant,suppose that consumer assets and wealth lose value.The aggregate demand curve will undergo a:

Unexpectedly rising commodity prices lead to a _____ shock.

If government increases income tax rates,the aggregate demand curve is likely to:

The short run in macroeconomic analysis is a period:

The _____ curve shows the positive relationship between the aggregate price level and the quantity of aggregate output supplied when wages and prices are not fully flexible.

As a result of a decrease in the value of the dollar in relation to other currencies,Canadian imports decrease and exports increase.Consequently,there is a(n):

A(n)_____ would likely shift the short-run aggregate supply curve to the left.

Government purchases of goods and services _,while changes in taxes and transfer payments _.

The short-run aggregate supply curve is:

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: Policy Alternatives)Refer to Figure: Policy Alternatives.If the economy is in equilibrium at Y1 in panel (b),it is in:

Use the following to answer questions: -(Figure: Policy Alternatives)Refer to Figure: Policy Alternatives.Assume that the economy depicted in panel (a)is in short-run equilibrium at a real GDP level of Y1.The economy will correct itself:

Use the following to answer questions: -(Figure: Policy Alternatives)Refer to Figure: Policy Alternatives.If the economy is in equilibrium at Y1 in panel (b)and the government does not intervene,the result will likely be a shift of:

According to the interest rate effect,an increase in the price level causes people to _____ their money holdings,which _____ interest rates and _____ investment spending.

Use the following to answer questions: -(Figure: The Multiplier)Refer to Figure: The Multiplier.If this economy is at Y1 and the price level decreases:

The short-run aggregate supply curve may shift to the right if:

Use the following to answer questions: -(Figure: AD-AS Model II)Refer to Figure: AD-AS Model II.As the size of the labour force increases over time,the _____ curve will shift to the _____.

The dollar amount of the wage paid is called the sticky wage.

The AD curve will shift to the left:

A recessionary gap will be eliminated because there is _____ pressure on wages,shifting the _____.

Policy CANNOT offset the effects of a:

Assuming that prices remain constant,suppose that consumer assets and wealth lose value.The aggregate demand curve will undergo a:

Unexpectedly rising commodity prices lead to a _____ shock.

If government increases income tax rates,the aggregate demand curve is likely to:

The short run in macroeconomic analysis is a period:

The _____ curve shows the positive relationship between the aggregate price level and the quantity of aggregate output supplied when wages and prices are not fully flexible.

As a result of a decrease in the value of the dollar in relation to other currencies,Canadian imports decrease and exports increase.Consequently,there is a(n):

A(n)_____ would likely shift the short-run aggregate supply curve to the left.

Government purchases of goods and services _____,while changes in taxes and transfer payments _____.

The short-run aggregate supply curve is:

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

Use the following to answer questions: -(Figure: Policy Alternatives)Refer to Figure: Policy Alternatives.If the economy is in equilibrium at Y₁ in panel (b),it is in:

Use the following to answer questions: -(Figure: Policy Alternatives)Refer to Figure: Policy Alternatives.Assume that the economy depicted in panel (a)is in short-run equilibrium at a real GDP level of Y₁.The economy will correct itself:

Use the following to answer questions: -(Figure: Policy Alternatives)Refer to Figure: Policy Alternatives.If the economy is in equilibrium at Y₁ in panel (b)and the government does not intervene,the result will likely be a shift of:

According to the interest rate effect,an increase in the price level causes people to ___ their money holdings,which _ interest rates and ___ investment spending.

Use the following to answer questions: -(Figure: The Multiplier)Refer to Figure: The Multiplier.If this economy is at Y₁ and the price level decreases:

Use the following to answer questions: -(Figure: AD-AS Model II)Refer to Figure: AD-AS Model II.As the size of the labour force increases over time,the _ curve will shift to the _.

A recessionary gap will be eliminated because there is _ pressure on wages,shifting the _.

Government purchases of goods and services _,while changes in taxes and transfer payments _.