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 (a)and the government does not intervene,the result will likely be:

(Multiple Choice)

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Question 41

In the short run,wages and some prices are considered to be:

(Multiple Choice)

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Question 42

Use the following to answer questions: -Inflationary and recessionary gaps are closed by self-correcting adjustments that shift:

(Multiple Choice)

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Question 43

The interest rate effect states that as the aggregate price level rises,holding everything else constant,people demand ___ money,which drives the interest rate _ and investment ___.

(Multiple Choice)

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Question 44

Use the following to answer questions: -(Figure: Shift of the Aggregate Demand Curve)Refer to Figure: Shift of the Aggregate Demand Curve.A movement from point A on AD₁ to point C on AD₂ could have resulted from a(n):

(Multiple Choice)

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Question 45

A negative supply shock often results in:

(Multiple Choice)

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Question 46

When the economy is producing output below potential,it has a(n):

(Multiple Choice)

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Question 47

When short-run aggregate supply increases,it means that the short-run aggregate supply curve shifts to the _ and the quantity of aggregate output that producers are willing to supply _.

(Multiple Choice)

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Question 48

Use the following to answer question : -(Figure: Aggregate Demand)Refer to Figure: Aggregate Demand.The quantity of output demanded if the price level is 120 is:

(Multiple Choice)

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Question 49

Changes in _____ will not shift the aggregate demand curve.

(Multiple Choice)

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Question 50

A negative demand shock,holding everything else constant:

(Multiple Choice)

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Question 51

Suppose that the economy is in long-run macroeconomic equilibrium and aggregate demand increases.As the economy moves to short-run macroeconomic equilibrium,there is a(n)_ gap with _.

(Multiple Choice)

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Question 52

Changes in aggregate demand can be caused by changes in:

(Multiple Choice)

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Question 53

Use the following to answer questions: -(Figure: Shift of the Aggregate Demand Curve)Refer to Figure: Shift of the Aggregate Demand Curve.A movement from point C on AD₂ to point A on AD₁ may have been the result of:

(Multiple Choice)

4.8/5

(43)

Question 54

Changes in aggregate demand can be caused by changes in:

(Multiple Choice)

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Question 55

Use the following to answer questions: -(Figure: Shifts of the AD-AS Curves)Refer to Figure: Shifts of the AD-AS Curves.A short run decrease in investment spending is illustrated by panel:

(Multiple Choice)

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Question 56

Stagflation may result from a(n):

(Multiple Choice)

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Question 57

In the long run,inflationary and recessionary gaps are self-correcting because eventually:

(Multiple Choice)

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Question 58

Reducing taxes in response to a recession is an example of _____ policy.

(Multiple Choice)

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Question 59

Which curve is easiest to shift with government policy?

(Multiple Choice)

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Question 60

Showing 41 - 60 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 (a)and the government does not intervene,the result will likely be:

In the short run,wages and some prices are considered to be:

Use the following to answer questions: -Inflationary and recessionary gaps are closed by self-correcting adjustments that shift:

The interest rate effect states that as the aggregate price level rises,holding everything else constant,people demand ___ money,which drives the interest rate _ and investment ___.

Use the following to answer questions: -(Figure: Shift of the Aggregate Demand Curve)Refer to Figure: Shift of the Aggregate Demand Curve.A movement from point A on AD₁ to point C on AD₂ could have resulted from a(n):

A negative supply shock often results in:

When the economy is producing output below potential,it has a(n):

When short-run aggregate supply increases,it means that the short-run aggregate supply curve shifts to the _ and the quantity of aggregate output that producers are willing to supply _.

Use the following to answer question : -(Figure: Aggregate Demand)Refer to Figure: Aggregate Demand.The quantity of output demanded if the price level is 120 is:

Changes in _____ will not shift the aggregate demand curve.

A negative demand shock,holding everything else constant:

Suppose that the economy is in long-run macroeconomic equilibrium and aggregate demand increases.As the economy moves to short-run macroeconomic equilibrium,there is a(n)_ gap with _.

Changes in aggregate demand can be caused by changes in:

Use the following to answer questions: -(Figure: Shift of the Aggregate Demand Curve)Refer to Figure: Shift of the Aggregate Demand Curve.A movement from point C on AD₂ to point A on AD₁ may have been the result of:

Changes in aggregate demand can be caused by changes in:

Use the following to answer questions: -(Figure: Shifts of the AD-AS Curves)Refer to Figure: Shifts of the AD-AS Curves.A short run decrease in investment spending is illustrated by panel:

Stagflation may result from a(n):

In the long run,inflationary and recessionary gaps are self-correcting because eventually:

Reducing taxes in response to a recession is an example of _____ policy.

Which curve is easiest to shift with government policy?

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 (a)and the government does not intervene,the result will likely be:

In the short run,wages and some prices are considered to be:

Use the following to answer questions: -Inflationary and recessionary gaps are closed by self-correcting adjustments that shift:

The interest rate effect states that as the aggregate price level rises,holding everything else constant,people demand _____ money,which drives the interest rate _____ and investment _____.

Use the following to answer questions: -(Figure: Shift of the Aggregate Demand Curve)Refer to Figure: Shift of the Aggregate Demand Curve.A movement from point A on AD1 to point C on AD2 could have resulted from a(n):

A negative supply shock often results in:

When the economy is producing output below potential,it has a(n):

When short-run aggregate supply increases,it means that the short-run aggregate supply curve shifts to the _____ and the quantity of aggregate output that producers are willing to supply _____.

Use the following to answer question : -(Figure: Aggregate Demand)Refer to Figure: Aggregate Demand.The quantity of output demanded if the price level is 120 is:

Changes in _____ will not shift the aggregate demand curve.

A negative demand shock,holding everything else constant:

Suppose that the economy is in long-run macroeconomic equilibrium and aggregate demand increases.As the economy moves to short-run macroeconomic equilibrium,there is a(n)_____ gap with _____.

Changes in aggregate demand can be caused by changes in:

Use the following to answer questions: -(Figure: Shift of the Aggregate Demand Curve)Refer to Figure: Shift of the Aggregate Demand Curve.A movement from point C on AD2 to point A on AD1 may have been the result of:

Changes in aggregate demand can be caused by changes in:

Use the following to answer questions: -(Figure: Shifts of the AD-AS Curves)Refer to Figure: Shifts of the AD-AS Curves.A short run decrease in investment spending is illustrated by panel:

Stagflation may result from a(n):

In the long run,inflationary and recessionary gaps are self-correcting because eventually:

Reducing taxes in response to a recession is an example of _____ policy.

Which curve is easiest to shift with government policy?

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 (a)and the government does not intervene,the result will likely be:

The interest rate effect states that as the aggregate price level rises,holding everything else constant,people demand ___ money,which drives the interest rate _ and investment ___.

Use the following to answer questions: -(Figure: Shift of the Aggregate Demand Curve)Refer to Figure: Shift of the Aggregate Demand Curve.A movement from point A on AD₁ to point C on AD₂ could have resulted from a(n):

When short-run aggregate supply increases,it means that the short-run aggregate supply curve shifts to the _ and the quantity of aggregate output that producers are willing to supply _.

Suppose that the economy is in long-run macroeconomic equilibrium and aggregate demand increases.As the economy moves to short-run macroeconomic equilibrium,there is a(n)_ gap with _.

Use the following to answer questions: -(Figure: Shift of the Aggregate Demand Curve)Refer to Figure: Shift of the Aggregate Demand Curve.A movement from point C on AD₂ to point A on AD₁ may have been the result of: