Exam 12: Aggregate Demand and Aggregate Supply

If a hurricane were to wipe out the majority of the eastern seaboard in the United States:

When the economy is producing at a quantity greater than its long-run aggregate supply:

Stagflation refers to a situation in which the economy is experiencing:

There is a general overall __________ relationship between the price level and ____________.

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

When people buy assets simply because they believe the assets will appreciate and can be sold for a profit, it may cause:

A reduction in the amount of farmable land inside a nation would cause the:

One reason stagflation is difficult to recover from is because:

Because the prices of final goods and services tend to increase more quickly than the prices of inputs, the short run aggregate supply curve is:

As the U.S. price level increases, expenditures by which of the following will remain unaffected?

The equilibrium of aggregate supply and aggregate demand represents the:

In the long run, changes in prices of goods and services paid by consumers have no effect on:

Higher interest rates motivate:

If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:

When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:

The government might increase its spending to end a recession because:

A situation in which output decreases while prices increase is often referred to as:

A decrease in the price of oil will cause the: