Exam 20: Aggregate Demand and Aggregate Supply: The Aggregate-Supply Curve

The equation: quantity of output supplied = natural rate of output + a(actual price level - expected price level),where a is a positive number,represents

Other things the same,continued technological progress and continued increases in the money supply would unambiguously lead to

Which of the following shifts short-run aggregate supply left?

Which of the following correctly expresses why the short-run aggregate-supply curve slopes upward?

Other things the same,an unexpected fall in the price level results in some firms having

Other things the same,the aggregate quantity of output supplied will decrease if the price level

Other things the same,if the price level rises by 2% and people were expecting it to rise by 5%,then some firms have

In the aggregate demand and aggregate supply model,sticky wages,sticky prices,and misperceptions about relative prices

Which of the following shifts both the short-run and long-run aggregate supply right?

Other things the same,if the money supply rises by 2% and people were expecting it to rise by 5%,then some firms have

Other things the same,if technology increases,then in the long run

Which of the following shifts the short-run aggregate supply curve to the right?

Other things the same,the aggregate quantity of output supplied will increase if the price level

In countries that have high minimum wages and require a lengthy and costly process to get permission to open a business

Which of the following shifts the short-run aggregate supply curve right?

Which of the following shifts the long-run aggregate supply curve to the left?

The sticky-wage theory of the short-run aggregate supply curve says that when the price level rises more than expected,

Other things the same,when the price level rises more than expected,some firms will have

The long-run aggregate supply curve shifts left if

Sticky nominal wages can result in