Question 1

When a long-term aggregate supply curve is drawn with real GDP (Y) along the horizontal axis and the price level (P) along the vertical axis, this curve:

Accepted Answer

A)  slopes upward and to the right. 
B)  slopes downward and to the right. 
C)  is horizontal. 
D)  is vertical. 
A)  slopes upward and to the right. 
B)  slopes downward and to the right. 
C)  is horizontal. 
D)  is vertical.

Question 2

What is aggregate demand? Why is the aggregate demand curve downward sloping?

Accepted Answer

Aggregate demand is the relationship bet

Question 3

Alan Blinder's survey of firms found that the theory of price stickiness accepted by the most firms was:

Accepted Answer

A)  menu costs. 
B)  coordination failure. 
C)  nominal contracts. 
D)  procyclical elasticity. 
A)  menu costs. 
B)  coordination failure. 
C)  nominal contracts. 
D)  procyclical elasticity.

Question 4

Monetary neutrality is a characteristic of the aggregate demand-aggregate supply model in:

Accepted Answer

A)  both the short run and the long run. 
B)  in neither the short run nor the long run. 
C)  in the short run, but not in the long run. 
D)  in the long run, but not in the short run. 
A)  both the short run and the long run. 
B)  in neither the short run nor the long run. 
C)  in the short run, but not in the long run. 
D)  in the long run, but not in the short run.

When a long-term aggregate supply curve is drawn with real GDP (Y) along the horizontal axis and the price level (P) along the vertical axis, this curve:

What is aggregate demand? Why is the aggregate demand curve downward sloping?

Alan Blinder's survey of firms found that the theory of price stickiness accepted by the most firms was:

Monetary neutrality is a characteristic of the aggregate demand-aggregate supply model in:

The Science of Macroeconomics

The Data of Macroeconomics

National Income: Where It Comes From and Where It Goes

The Monetary System: What It Is and How It Works

Inflation: Its Causes, Effects, and Social Costs

The Open Economy

Unemployment and the Labor Market

Economic Growth I: Capital Accumulation and Population Growth

Economic Growth II: Technology, Empirics, and Policy

Aggregate Demand I: Building the Is-Lm Model

Aggregate Demand Ii: Applying the Is-Lm Model

The Open Economy Revisited: the Mundell-Fleming Model and the Exchange-Rate Regime

Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment

A Dynamic Model of Economic Fluctuations

Understanding Consumer Behavior

The Theory of Investment

Alternative Perspectives on Stabilization Policy

Government Debt and Budget Deficits

The Financial System: Opportunities and Dangers

Filters

Exam 10: Introduction to Economic Fluctuations

When a long-term aggregate supply curve is drawn with real GDP (Y) along the horizontal axis and the price level (P) along the vertical axis, this curve:

What is aggregate demand? Why is the aggregate demand curve downward sloping?

Alan Blinder's survey of firms found that the theory of price stickiness accepted by the most firms was:

Monetary neutrality is a characteristic of the aggregate demand-aggregate supply model in:

The Science of Macroeconomics

The Data of Macroeconomics

National Income: Where It Comes From and Where It Goes

The Monetary System: What It Is and How It Works

Inflation: Its Causes, Effects, and Social Costs

The Open Economy

Unemployment and the Labor Market

Economic Growth I: Capital Accumulation and Population Growth

Economic Growth II: Technology, Empirics, and Policy

Aggregate Demand I: Building the Is-Lm Model

Aggregate Demand Ii: Applying the Is-Lm Model

The Open Economy Revisited: the Mundell-Fleming Model and the Exchange-Rate Regime

Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment

A Dynamic Model of Economic Fluctuations

Understanding Consumer Behavior

The Theory of Investment

Alternative Perspectives on Stabilization Policy

Government Debt and Budget Deficits

The Financial System: Opportunities and Dangers

Filters