Question 1

The model of short-run economic fluctuations focuses on

Accepted Answer

A)  the price level and real GDP. 
B)  productivity and economic growth. 
C)  the neutrality of money and inflation. 
D)  None of the above is correct. 
A)  the price level and real GDP. 
B)  productivity and economic growth. 
C)  the neutrality of money and inflation. 
D)  None of the above is correct.

Question 2

The effect of a change in the value of the dollar in the foreign exchange market due to a change in the price level helps explain the slope of aggregate demand, but does not shift it. The effects of a change in the value of the dollar in the foreign exchange market due to speculation is shown by shifting the aggregate demand curve.

Accepted Answer

A) True 
 B)False

Question 3

The average price level is measured by

Accepted Answer

A)  the price of oil. 
B)  the rate of inflation. 
C)  the nominal interest rate. 
D)  the GDP deflator. 
A)  the price of oil. 
B)  the rate of inflation. 
C)  the nominal interest rate. 
D)  the GDP deflator.

The model of short-run economic fluctuations focuses on

The average price level is measured by

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, Investment, and the Financial System

The Basic Tools of Finance

Unemployment and Its Natural Rate

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Open Economy

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Six Debates Over Macroeconomic Policy

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Exam 15: Aggregate Demand and Aggregate Supply

The model of short-run economic fluctuations focuses on

The average price level is measured by

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Measuring a Nations Income

Measuring the Cost of Living

Production and Growth

Saving, Investment, and the Financial System

The Basic Tools of Finance

Unemployment and Its Natural Rate

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Open Economy

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Six Debates Over Macroeconomic Policy

Filters