A) increase aggregate demand. B) increase the quantity of real GDP demanded. C) decrease aggregate demand. D) decrease the quantity of real GDP demanded. A) increase aggregate demand. B) increase the quantity of real GDP demanded. C) decrease aggregate demand. D) decrease the quantity of real GDP demanded.

Exam 24: Aggregate Demand and Aggregate Supply Analysis

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An increase in aggregate demand causes an increase in only in the short run,but causes an increase in in both the short run and the long run.

(Multiple Choice)

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Question 121

A decrease in aggregate demand results in a(n) in the .

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Question 122

On the long-run aggregate supply curve

(Multiple Choice)

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Question 123

If the economy receives an influx of new workers from immigration

(Multiple Choice)

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Question 124

When the price level falls from 135 to 120,the aggregate level of GDP supplied falls from $140 billion to $125 billion.This relationship represents the relationship between GDP and the price level.

(Multiple Choice)

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Question 125

Which of the following correctly describes the automatic mechanism through which the economy adjusts to long-run equilibrium?

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Question 126

Which of the following is considered a negative supply shock?

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Question 127

Figure 24-2 -Refer to Figure 24-2.Ceteris paribus,an increase in the expected future price level would be represented by a movement from

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Question 128

Japanese electronics exports were hurt in 2008 as a result of the recession.How would this decrease in exports have affected Japan's aggregate demand curve?

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Question 129

Lower personal income taxes

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Question 130

Figure 24-4 -Refer to Figure 24-4.In the figure above,AD1,LRAS1 and SRAS1 denote AD,LRAS and SRAS in year 1,while AD2,LRAS2 and SRAS2 denote AD,LRAS and SRAS in year 2.Given the economy is at point A in year 1,what is the actual growth rate in GDP in year 2?

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Question 131

Spending on the war in Afghanistan is essentially categorized as government purchases.How do decreases in spending on the war in Afghanistan affect the aggregate demand curve?

(Multiple Choice)

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Question 132

Which of the following is one reason for the decline in aggregate demand that led to the recession of 2007-2009?

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Question 133

A decrease in government spending will result in a decrease in the price level and a decrease in real GDP in the long run.

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Question 134

Which of the following models focuses on how productivity shocks explain fluctuations in real GDP?

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Question 135

German luxury car exports were hurt in 2009 as a result of the recession.How would this decrease in exports have affected Germany's aggregate demand curve?

(Multiple Choice)

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Question 136

A decrease in the price level results in a(n) in the quantity of real GDP demanded because a lower price level consumption,investment,and net exports.

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Question 137

Deflation will

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Question 138

Which of the following would cause the short-run aggregate supply curve to shift to the right?

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Question 139

During the recession of 2007-2009 in the United States,________ relative to potential GDP.

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Question 140

Showing 121 - 140 of 286

Exam 24: Aggregate Demand and Aggregate Supply Analysis

An increase in aggregate demand causes an increase in ________ only in the short run,but causes an increase in ________ in both the short run and the long run.

A decrease in aggregate demand results in a(n)________ in the ________.

On the long-run aggregate supply curve

If the economy receives an influx of new workers from immigration

When the price level falls from 135 to 120,the aggregate level of GDP supplied falls from $140 billion to $125 billion.This ________ relationship represents the ________ relationship between GDP and the price level.

Which of the following correctly describes the automatic mechanism through which the economy adjusts to long-run equilibrium?

Which of the following is considered a negative supply shock?

Figure 24-2 -Refer to Figure 24-2.Ceteris paribus,an increase in the expected future price level would be represented by a movement from

Japanese electronics exports were hurt in 2008 as a result of the recession.How would this decrease in exports have affected Japan's aggregate demand curve?

Lower personal income taxes

Figure 24-4 -Refer to Figure 24-4.In the figure above,AD1,LRAS1 and SRAS1 denote AD,LRAS and SRAS in year 1,while AD2,LRAS2 and SRAS2 denote AD,LRAS and SRAS in year 2.Given the economy is at point A in year 1,what is the actual growth rate in GDP in year 2?

Spending on the war in Afghanistan is essentially categorized as government purchases.How do decreases in spending on the war in Afghanistan affect the aggregate demand curve?

Which of the following is one reason for the decline in aggregate demand that led to the recession of 2007-2009?

A decrease in government spending will result in a decrease in the price level and a decrease in real GDP in the long run.

Which of the following models focuses on how productivity shocks explain fluctuations in real GDP?

German luxury car exports were hurt in 2009 as a result of the recession.How would this decrease in exports have affected Germany's aggregate demand curve?

A decrease in the price level results in a(n)________ in the quantity of real GDP demanded because a lower price level ________ consumption,investment,and net exports.

Deflation will

Which of the following would cause the short-run aggregate supply curve to shift to the right?

During the recession of 2007-2009 in the United States,________ relative to potential GDP.

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency, government Price Setting, and Taxes

Externalities, environmental Policy, and Public Goods

Elasticity: the Responsiveness of Demand and Supply

The Economics of Health Care

Firms,the Stock Market,and Corporate Governance

Comparative Advantage and the Gains From International Trade

Consumer Choice and Behavioral Economics

Technology,production,and Costs

Firms in Perfectly Competitive Markets

Monopolistic Competition: the Competitive Model in a More Realistic Setting

Oligopoly: Firms in Less Competitive Markets

Monopoly and Antitrust Policy

Pricing Strategy

The Markets for Labor and Other Factors of Production

Public Choice, taxes, and the Distribution of Income

Gdp: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Long-Run Economic Growth: Sources and Policies

Aggregate Expenditure and Output in the Short Run

Money,banks,and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation, unemployment, and Federal Reserve Policy

Macroeconomics in an Open Economy

The International Financial System

Filters

An increase in aggregate demand causes an increase in only in the short run,but causes an increase in in both the short run and the long run.

A decrease in aggregate demand results in a(n) in the .

When the price level falls from 135 to 120,the aggregate level of GDP supplied falls from $140 billion to $125 billion.This relationship represents the relationship between GDP and the price level.

A decrease in the price level results in a(n) in the quantity of real GDP demanded because a lower price level consumption,investment,and net exports.