Question 1

Which aggregate supply curve has a positive slope?

Accepted Answer

A) long run only 
B) short run only 
C) both long run and short run 
D) neither long run nor short run 
A) long run only 
B) short run only 
C) both long run and short run 
D) neither long run nor short run

Question 2

President Obama has discussed raising income taxes for individuals earning over $250,000 in income.Explain how these higher income taxes will affect the aggregate demand curve.

Accepted Answer

Raising the income tax decreases the amo

Question 3

When people became less concerned with the underlying value of their houses and instead focused on the expectations of the prices of their houses increasing,________ occurred.

Accepted Answer

A) stagflation 
B) an automatic destabilizer 
C) a housing bubble 
D) a supply shock 
A) stagflation 
B) an automatic destabilizer 
C) a housing bubble 
D) a supply shock

Question 4

The long-run aggregate supply curve

Accepted Answer

A) has a negative slope. 
B) has a steep but positive slope. 
C) is horizontal. 
D) is vertical. 
A) has a negative slope. 
B) has a steep but positive slope. 
C) is horizontal. 
D) is vertical.

Question 5

A decrease in disposable income will shift the aggregate demand curve to the left.

Accepted Answer

A) True 
 B)False

Which aggregate supply curve has a positive slope?

President Obama has discussed raising income taxes for individuals earning over $250,000 in income.Explain how these higher income taxes will affect the aggregate demand curve.

When people became less concerned with the underlying value of their houses and instead focused on the expectations of the prices of their houses increasing,________ occurred.

The long-run aggregate supply curve

A decrease in disposable income will shift the aggregate demand curve to the left.

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Market Efficiency and Market Failure

The Economics of Health Care

Firms, the Stock Market, and Corporate Governance

Consumer Choice and Elasticity

Technology,production,and Costs

Firms in Perfectly Competitive Markets

Monopoly and Antitrust Policy

Monopolistic Competition and Oligopoly

GDP: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Money, banks, and the Federal Reserve System

Monetary Policy

Fiscal Policy

Comparative Advantage,international Trade,and Exchange Rates

Filters

Exam 15: Aggregate Demand and Aggregate Supply Analysis

Which aggregate supply curve has a positive slope?

President Obama has discussed raising income taxes for individuals earning over $250,000 in income.Explain how these higher income taxes will affect the aggregate demand curve.

When people became less concerned with the underlying value of their houses and instead focused on the expectations of the prices of their houses increasing,________ occurred.

The long-run aggregate supply curve

A decrease in disposable income will shift the aggregate demand curve to the left.

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Market Efficiency and Market Failure

The Economics of Health Care

Firms, the Stock Market, and Corporate Governance

Consumer Choice and Elasticity

Technology,production,and Costs

Firms in Perfectly Competitive Markets

Monopoly and Antitrust Policy

Monopolistic Competition and Oligopoly

GDP: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Money, banks, and the Federal Reserve System

Monetary Policy

Fiscal Policy

Comparative Advantage,international Trade,and Exchange Rates

Filters