Exam 10: Aggregate Demand and Aggregate Supply

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Refer to the information below. A change in net export spending would most likely be caused by changes in: The following list of factors is related to the aggregate demand curve. Refer to the information below. A change in net export spending would most likely be caused by changes in: The following list of factors is related to the aggregate demand curve.

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An increase in the aggregate expenditures schedule:

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Which of the factors below best explain the downward slope of aggregate demand curve? The following list of factors, are related to the aggregate demand curve. Which of the factors below best explain the downward slope of aggregate demand curve? The following list of factors, are related to the aggregate demand curve.

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  -Refer to the above diagram. If aggregate supply shifts from AS<sub>1</sub> to AS<sub>3</sub>, then real domestic output will: -Refer to the above diagram. If aggregate supply shifts from AS1 to AS3, then real domestic output will:

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The following aggregate demand and supply schedules are for a hypothetical economy: The following aggregate demand and supply schedules are for a hypothetical economy:    -Refer to the above data. The equilibrium price level will be: -Refer to the above data. The equilibrium price level will be:

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An increase in the GDP price level will:

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Refer to the data below. The vertical range of the aggregate supply curve is associated with price levels: The following aggregate demand and supply schedules are for a hypothetical economy: Refer to the data below. The vertical range of the aggregate supply curve is associated with price levels: The following aggregate demand and supply schedules are for a hypothetical economy:

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  -Refer to the above diagram. If AD<sub>1</sub> shifts to AD<sub>2</sub>, then the equilibrium output and price level are: -Refer to the above diagram. If AD1 shifts to AD2, then the equilibrium output and price level are:

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Assume that an initial change in spending of $10 billion results in a rightward shift in aggregate demand that increases real GDP by $40 billion. The multiplier is:

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Per-unit production cost is determined by dividing output by total input cost.

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An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 units. Each unit of capital costs $10, each unit of raw materials, $4, and each unit of labour, $3. -Refer to the above information. As a result of the change indicated in the previous question, the aggregate:

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The aggregate demand curve can be derived from the aggregate expenditures model as indicated by the fact that:

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Refer to the diagram below. Other things equal, a shift of the aggregate supply curve from AS0 to AS1 might be caused by a(n): Refer to the diagram below. Other things equal, a shift of the aggregate supply curve from AS<sub>0</sub> to AS<sub>1</sub> might be caused by a(n):

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An increase in government spending can be expected to shift the:

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Which of the following is incorrect?

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