Exam 20: Aggregate Demand and Aggregate Supply
Exam 1: Ten Principles of Economics438 Questions
Exam 2: Thinking Like an Economist620 Questions
Exam 3: Interdependence and the Gains From Trade527 Questions
Exam 4: The Market Forces of Supply and Demand700 Questions
Exam 5: Elasticity and Its Application598 Questions
Exam 6: Supply, Demand, and Government Policies648 Questions
Exam 7: Consumers, Producers, and the Efficiency of Markets547 Questions
Exam 8: Application: the Costs of Taxation514 Questions
Exam 9: Application: International Trade496 Questions
Exam 10: Measuring a Nations Income522 Questions
Exam 11: Measuring the Cost of Living545 Questions
Exam 12: Production and Growth507 Questions
Exam 13: Saving, Investment, and the Financial System567 Questions
Exam 14: The Basic Tools of Finance513 Questions
Exam 15: Unemployment699 Questions
Exam 16: The Monetary System517 Questions
Exam 17: Money Growth and Inflation487 Questions
Exam 18: Open-Economy Macroeconomics: Basic Concepts522 Questions
Exam 19: A Macroeconomic Theory of the Open Economy484 Questions
Exam 20: Aggregate Demand and Aggregate Supply563 Questions
Exam 21: The Influence of Monetary and Fiscal Policy on Aggregate Demand511 Questions
Exam 22: The Short-Run Trade-Off Between Inflation and Unemployment516 Questions
Exam 23: Six Debates Over Macroeconomic Policy372 Questions
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Refer to Political Instability Abroad. What would the change in the interest rate created by foreigners wanting to buy more U.S. assets do to investment spending in the U.S.?
(Multiple Choice)
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Which of the following affected aggregate demand during the recession of 2008-2009?
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The long-run aggregate supply curve would shift right if the government were to
(Multiple Choice)
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Microeconomic substitution is impossible for the economy as a whole because
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According to classical macroeconomic theory, changes in the money supply affect
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Explain how an increase in the price level changes interest rates. How does this change in interest rates lead to changes in investment and net exports?
(Essay)
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The misperceptions theory of the short-run aggregate supply curve says that the quantity of output supplied will increase if the price level
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Suppose that during the Great Depression long-run aggregate supply shifted left. To be consistent with what happened to the price level and output, what would have had to happen to aggregate demand?
(Multiple Choice)
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In the context of the aggregate-demand curve, the interest-rate effect refers to the idea that, when the price level increases,
(Multiple Choice)
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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.
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During World War II government expenditures increased almost five-fold and output almost doubled.
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Figure 33-7.
-Refer to Stock Market Boom 2015. Which curve shifts and in which direction?

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Suppose the government raises taxes. Which curves in the aggregate demand and aggregate supply model would be affected, and which way would they shift?
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Which of the following effects helps to explain the slope of the aggregate-demand curve?
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