Exam 19: Aggregate Supply and Aggregate Demand

The global economy enters a recession,thereby decreasing the level of U.S.exports.If the aggregate supply curve does not shift,then aggregate demand will ________,real GDP will ________,and the price level will ________.

At a price level of 100,John has savings equal to $20,000.If the price level increases to 130,the buying power of John's savings is approximately

A rise in the price level brings a ________ in the real wage rate that ________ profits which leads to ________ production.

The quantity of real GDP supplied decreases if the price level ________ because it ________ profits.

The figure above shows the aggregate demand curve. -The aggregate demand curve in the figure above shifts rightward if

By itself,an increase in the price of oil shifts the

The main sources of cost-push inflation are increases in

In the short run,a rise in the price level brings a ________ in the real interest rate that ________ investment,bringing ________ in the quantity of real GDP demanded.

When the price level falls,

A change in any of the following factors EXCEPT ________ shifts the aggregate demand curve.

What is the effect on aggregate supply and potential GDP of an increase in the money wage rate?

-In the figure above,the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110.As the economy moves toward its ultimate equilibrium,the ________ curve shifts ________ because ________.

Moving along the aggregate supply curve,when the price level rises,