Figure 33-9. -Refer to Figure 33-9.Suppose the economy starts where LRAS = AD1 = SRAS1.A decrease in short-run aggregate supply would be consistent with the movement to

A) P1,Y1. B) P2,Y1. C) P1,Y2. D) P3,Y2. A) P1,Y1. B) P2,Y1. C) P1,Y2. D) P3,Y2.

Exam 20: Aggregate Demand and Aggregate Supply: Two Causes of Economic Fluctuations

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Suppose the economy is in long-run equilibrium.If there is an increase in government purchases at the same time there is a large increase in the price of oil,then in the short-run

(Multiple Choice)

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Question 21

Suppose the economy is in long-run equilibrium.If there is a sharp increase in the minimum wage as well as an increase in taxes,then in the short run,real GDP will

(Multiple Choice)

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Question 22

Which of the following would raise the price level in both the short and long run?

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Question 23

Pessimism Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time. -Refer to Stock Market Boom 2015.In the short run what happens to the price level and real GDP?

(Multiple Choice)

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Question 24

The economic boom of the early 1940s resulted mostly from

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Question 25

A decrease in the availability of an important major resource such as oil shifts

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Question 26

In the mid-1970s the price of oil rose dramatically.This

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Question 27

Figure 33-9. -Refer to Figure 33-9.Suppose the economy starts where LRAS = AD1 = SRAS₁.A decrease in short-run aggregate supply would be consistent with the movement to

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Question 28

Suppose the economy is in long-run equilibrium.If there is a sharp decline in government purchases combined with a significant increase in immigration of skilled workers,then in the short run,

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Question 29

Which of the following would cause stagflation?

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Question 30

An increase in the price level and a reduction in output would result from

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Question 31

An increase in the price level and a reduction in output would result from

(Multiple Choice)

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Question 32

Pessimism Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time. -Refer to Financial Crisis.If nominal wages are sticky,which of the following helps explains the change in output?

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Question 33

Which of the following would increase the price level?

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Question 34

Pessimism Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time. -Refer to Pessimism.In the short run what happens to the price level and real GDP?

(Multiple Choice)

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(39)

Question 35

Pessimism Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time. -Refer to Figure 33-7.If the economy starts at Y,then a recession occurs at

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Question 36

Which of the following affected aggregate demand during the recession of 2008-2009?

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Question 37

Which of the following is a lesson concerning shifts in aggregate demand?

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Question 38

Which of the following would cause prices to fall and output to rise in the short run?

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Question 39

During the 2008-2009 recession real GDP fell by about

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Question 40

Showing 21 - 40 of 117

Exam 20: Aggregate Demand and Aggregate Supply: Two Causes of Economic Fluctuations

Suppose the economy is in long-run equilibrium.If there is an increase in government purchases at the same time there is a large increase in the price of oil,then in the short-run

Suppose the economy is in long-run equilibrium.If there is a sharp increase in the minimum wage as well as an increase in taxes,then in the short run,real GDP will

Which of the following would raise the price level in both the short and long run?

The economic boom of the early 1940s resulted mostly from

A decrease in the availability of an important major resource such as oil shifts

In the mid-1970s the price of oil rose dramatically.This

Figure 33-9. -Refer to Figure 33-9.Suppose the economy starts where LRAS = AD1 = SRAS1.A decrease in short-run aggregate supply would be consistent with the movement to

Suppose the economy is in long-run equilibrium.If there is a sharp decline in government purchases combined with a significant increase in immigration of skilled workers,then in the short run,

Which of the following would cause stagflation?

An increase in the price level and a reduction in output would result from

An increase in the price level and a reduction in output would result from

Which of the following would increase the price level?

Which of the following affected aggregate demand during the recession of 2008-2009?

Which of the following is a lesson concerning shifts in aggregate demand?

Which of the following would cause prices to fall and output to rise in the short run?

During the 2008-2009 recession real GDP fell by about

Ten Principles of Economics

Ten Principles of Economics: How People Make Decisions

Ten Principles of Economics: How People Interact

Ten Principles of Economics: How the Economy As a Whole Works

Ten Principles of Economics: Part A

Ten Principles of Economics: Part B

Thinking Like an Economist

Thinking Like an Economist: The Economist As Scientist

Thinking Like an Economist: The Economist As Policy Adviser

Thinking Like an Economist: Why Economists Disagree

Thinking Like an Economist: Lets Get Going

Thinking Like an Economist: Graphing a Brief Review

Thinking Like an Economist: Part A

Thinking Like an Economist: Part B

Interdependence and the Gains From Trade

Interdependence and the Gains From Trade: A Parable for the Modern Economy

Interdependence and the Gains From Trade: Comparative Advantage the Driving Force of Specialization

Interdependence and the Gains From Trade: Applications of Comparative Advantage

Interdependence and the Gains From Trade: Conclusion

Interdependence and the Gains From Trade: Part A

Interdependence and the Gains From Trade: Part B

The Market Forces of Supply and Demand

The Market Forces of Supply and Demand:Markets and Competition

The Market Forces of Supply and Demand: Demand

The Market Forces of Supply and Demand: Supply

The Market Forces of Supply and Demand: Supply and Demand Together

The Market Forces of Supply and DemandConclusion How Prices Allocate Resources

The Market Forces of Supply and Demand: Part A

The Market Forces of Supply and Demand: Part B

Elasticity and Its Applications

Elasticity and Its Applications: The Elasticity of Demand

Elasticity and Its Applications: The Elasticity of Supply

Elasticity and Its Applications: Three Applications of Supply,demand,and Elasticity

Elasticity and Its Applications: Part A

Elasticity and Its Applications: Part B

Supply Demand and Government Policies

Supply Demand and Government Policies: Controls on Prices

Supply Demand and Government Policies: Taxes

Supply Demand and Government Policies: Part A

Supply Demand and Government Policies: Part B

Consumers Producers and the Efficiency of Markets

Consumers Producers and the Efficiency of Markets: Consumer Surplus

Consumers Producers and the Efficiency of Markets: Producer Surplus

Consumers Producers and the Efficiency of Markets: Market Efficiency

Consumers Producers and the Efficiency of Markets: Conclusion Market Efficiency and Market Failure

Consumers Producers and the Efficiency of Markets: Part A

Consumers Producers and the Efficiency of Markets: Part B

Application the Cost of Taxation

Application the Cost of Taxation: The Deadweight Loss of Taxation

Application the Cost of Taxation: The Determinants of the Deadweight Loss

Application the Cost of Taxation: Deadweight Loss and Tax Revenue As Taxes Vary

Application the Cost of Taxation: Conclusion

Application the Cost of Taxation: Part A

Application the Cost of Taxation: Part B

Application International Trade

Application International Trade: The Determinants of Trade

Application International Trade: The Winners and Losers From Trade

Application International Trade: The Arguments for Restricting Trade

Application International Trade: Conclusion

Application International Trade: Part A

Application International Trade: Part B

Measuring a Nations Income

Measuring a Nations Income: The Economy's Income and Expenditure

Figure 33-9. -Refer to Figure 33-9.Suppose the economy starts where LRAS = AD1 = SRAS₁.A decrease in short-run aggregate supply would be consistent with the movement to