Exam 10: Real GDP and the Price Level in the Long Run

The curve that displays total planned real spending on goods and services at each price level by households,businesses,the government,and foreign residents is called

Which of the following will NOT shift the aggregate demand curve?

When total planned real expenditures change due to the changes in net exports,this is known as the

Which of the following explains why the aggregate demand curve is downward sloping?

What pattern would you observe in an economy in which aggregate demand is increasing but in which long-run aggregate supply remained the same?

The long-run aggregate supply curve is

All of the following explain the downward slope of the aggregate demand curve EXCEPT

-The above figure shows a

Supply-side inflation could be caused by which of the following?

A country's long-run aggregate supply curve will shift to the left when there is (are)

Another term for the real-balance effect is

Long-run aggregate supply is

The total of all planned production for the entire economy is known as

What is measured on the horizontal axis on the aggregate demand graph?

Other things being equal,the lower are planned real expenditures along an aggregate demand curve,the

What is measured on the vertical axis of the aggregate demand graph?

If you have $5000 and the GDP deflator decreases from 100 to 80

What determines the total value of aggregate demand for U.S.real GDP?

One impact of a rise in the dollar's value is that

Which of the following is true about how the aggregate demand curve differs from the individual's demand curve?