Exam 12: Aggregate Demand and Aggregate Supply

Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:

The effect of a shift in the aggregate demand curve due to an increase in consumer confidence will be:

The relationship between the overall price level in the economy and total production by firms is shown in the:

The long-run aggregate supply curve is:

An asset-price bubble is caused by:

An increase in the costs of production will cause the:

The wealth effect explains the:

The long run result of the government responding to a negative supply side shock with increased spending will be a:

Which three macroeconomic variables together best describe the health of the economy?

Which of the following would likely cause aggregate demand to shift to the left?

The relationship between the price level and net exports is:

In the long run aggregate:

There is a negative relationship between the price level and which components of GDP?

During the period that many call the Great Recession:

If a change in the U.S. price level caused U.S. imports to increase, it must be true that the price level:

In macroeconomics, the long run is determined by:

In general, it is easier to:

If U.S. prices increase relative to the rest of the world, we would expect imports:

When the economy fluctuates around its long-run aggregate supply:

A decrease in consumer confidence will cause a: