Exam 19: Aggregate Supply and Aggregate Demand

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

State how each of the following affect the aggregate demand curve. a.The price level increases. b.Consumers expect higher inflation in the future. c.The exchange rate rises. d.Foreign income decreases.

(Essay)
4.9/5
(29)

Because of the existence of the aggregate demand multiplier,a $10 billion change in expenditure

(Multiple Choice)
4.8/5
(41)

________ increases potential GDP.

(Multiple Choice)
4.9/5
(33)

Real GDP definitely increases if

(Multiple Choice)
4.8/5
(30)

Demand-pull inflation results from continually increasing the quantity of money,which leads to continually

(Multiple Choice)
4.9/5
(35)

Sherri lives in Canada and is considering buying a new sofa.If the price level in Canada falls and the price level in the United States does not change,Canadian manufactured sofas are relatively

(Multiple Choice)
4.7/5
(33)

If the quantity of real GDP demanded is less than the quantity of real GDP supplied,then

(Multiple Choice)
4.8/5
(39)

As the money wage rate increases,

(Multiple Choice)
4.9/5
(41)

Which of the following shifts the aggregate supply curve leftward?

(Multiple Choice)
4.8/5
(40)

A rise in the U.S.price level brings a ________ in the price of U.S.exports relative to imports that ________ exports of U.S.goods,bringing ________ in the quantity of U.S.real GDP demanded.

(Multiple Choice)
4.9/5
(38)

Moving along the potential GDP line,when the price level changes,the I.real wage rate stays at the full-employment equilibrium level. Ii.money wage rate changes by the same percentage. Iii.money prices of non-labor resources change by the same percentage.

(Multiple Choice)
4.9/5
(40)

A technological advance ________ potential GDP,________ aggregate supply,and shifts the aggregate supply curve ________.

(Multiple Choice)
4.9/5
(37)

If the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP more than potential GDP,there is

(Multiple Choice)
4.9/5
(36)

During an inflationary gap,

(Multiple Choice)
4.9/5
(36)

Moving along the AS curve,when the price level increases,the

(Multiple Choice)
4.7/5
(45)

Explain how changes in foreign income can impact real GDP in a country.

(Essay)
4.8/5
(34)

If the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP less than potential GDP,there is

(Multiple Choice)
4.7/5
(26)

Aggregate demand ________ and shifts the AD curve ________ when ________.

(Multiple Choice)
4.7/5
(41)

  -The change reflected in the above figure might be a result of -The change reflected in the above figure might be a result of

(Multiple Choice)
4.8/5
(32)

A tax increase

(Multiple Choice)
4.7/5
(37)
Showing 281 - 300 of 313
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)