Question 89 An increase in the price level will ________. A. shift the aggregate demand curve...
Question 89
An increase in the price level will ________.
A. shift the aggregate demand curve to the left
B. shift the aggregate demand curve to the right
C. move the economy up along a stationary aggregate demand curve
D. move the economy down along a stationary aggregate demand curve
BAM223 - PRINCIPLES OF ECONOMICS
Homework Answers
The aggregate demand curve shows the negative relationship between the price level and the real GDP produced, an increase in the price level would be a upward movement along the aggregate demand curve. When them price level rises every individual will reduces their quantity demanded, the aggregate demand is the sum of all individual demand so an increase in the price level will results in decrease the real amount of real GDP. The changes in the price level will not shift the aggregate demand curve, the changes other than price will be able do that .
Ans: C. move the economy up along a stationary aggregate demand curve.
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Question 89
An increase in the price level will ________.
A. shift the aggregate demand curve...
An increase in the price level will A) shift the aggregate demand curve to the left.
7) An increase in the price level will A) shift the aggregate demand curve to the left. B) shift the aggregate demand curve to the right. C) move the economy up along the aggregate demand curve. D) move the economy down along the aggregate demand curve. 8) Expansionary monetary policy involves A) reducing money supply and lowering taxes B) increasing money supply to decrease interest rate C) increasing government spending and cutting money supply D) increasing the interest rate and increasing taxes 9) Long-run macroeconomic equilibrium occurs when A) aggregate demand...
If the price level increases, then O A. the aggregate demand curve will shift to the...
If the price level increases, then O A. the aggregate demand curve will shift to the left. O B. the aggregate demand curve will shift to the right. O C. there will be a movement up along a stationary aggregate demand curve. O D. none of the above will occur.
Concept Check Question 1.2 If the price level increases, then O A. the aggregate demand curve will shift to the lef...
Concept Check Question 1.2 If the price level increases, then O A. the aggregate demand curve will shift to the left. O B. the aggregate demand curve will shift to the right O C. there will be a movement up along a stationary aggregate demand curve. O D. none of the above will occur.
If the price level decreases, then aggregate demand increase along the AD curve but the curve doesn’t shift. a. True b....
If the price level decreases, then aggregate demand increase along the AD curve but the curve doesn’t shift. a. True b. False The Long-run Aggregate Supply Curve (LRAS) can shift to the right because of: a. Discovery of more natural resources b. Development of more efficient technology c. Inviting more labor force through Immigration d. All of the above Which of the following may happen due to a crash in the stock market: a. AD curve may shift to the...
QUESTION 6 The aggregate demand curve would shift to the right as a result of a...
QUESTION 6 The aggregate demand curve would shift to the right as a result of a drop in the foreign exchange value of the dollar. a decrease in the amount of money in circulation. a drop in the price level. tax increases. QUESTION 16 According to Keynesian economics using the modern short-run aggregate supply curve, if there are unutilized resources in the economy and the aggregate demand decreases real GDP will fall and price level will fall. real GDP will...
If technological change occurs in the economy, the long-run aggregate supply curve will shift to the right. the lon...
If technological change occurs in the economy, the long-run aggregate supply curve will shift to the right. the long-run aggregate supply curve will shift to the left. we will move down along the long-run aggregate supply curve. we will move up along the long-run aggregate supply curve.
QUESTION 23 Which of the following shifts aggregate demand to the left? a. The price level...
QUESTION 23 Which of the following shifts aggregate demand to the left? a. The price level falls. b. The dollar depreciates for some reason other than a change in the price level. c. Stock prices fall for some reason other than a change in the price level. d. The price level rises. QUESTION 24 Aggregate demand shifts left when the government a. decreases taxes. b. cuts military expenditures. c. creates a new investment tax credit d. None of the above...
If technological advancement occurs in the economy, , OA. the long-run aggregate supply curve will shift...
If technological advancement occurs in the economy, , OA. the long-run aggregate supply curve will shift to the right. OB. the long-run aggregate supply curve will shift to the left. Oc. we will move up along the long-run aggregate supply curve. Od. we will move down along the long-run aggregate supply curve.
Question 5 With respect to the aggregate demand curve, improved consumer confidence would O Move the...
Question 5 With respect to the aggregate demand curve, improved consumer confidence would O Move the economy down along the curve. O Shift the curve leftward O Move the economy up along the curve O Shift the curve rightward.
1. In addition to the price level, what does the aggregate demand and aggregate supply model...
1. In addition to the price level,
what does the aggregate demand and aggregate supply model focus
on?
a. real
GDP
b.
nominal GDP
c.
the real interest rate
d. stock
prices
2. Which statement best characterizes the long-run
aggregate-supply curve?
a. It is
horizontal.
b. It
shows a positive relationship between price level and output.
c.
It demonstrates the importance of money in the economy....
If the price level increases, then O A. the aggregate demand curve will shift to the left. O B. the aggregate demand curve will shift to the right. O C. there will be a movement up along a stationary aggregate demand curve. O D. none of the above will occur.
Concept Check Question 1.2 If the price level increases, then O A. the aggregate demand curve will shift to the left. O B. the aggregate demand curve will shift to the right O C. there will be a movement up along a stationary aggregate demand curve. O D. none of the above will occur.
QUESTION 6 The aggregate demand curve would shift to the right as a result of a drop in the foreign exchange value of the dollar. a decrease in the amount of money in circulation. a drop in the price level. tax increases. QUESTION 16 According to Keynesian economics using the modern short-run aggregate supply curve, if there are unutilized resources in the economy and the aggregate demand decreases real GDP will fall and price level will fall. real GDP will...
If technological change occurs in the economy, the long-run aggregate supply curve will shift to the right. the long-run aggregate supply curve will shift to the left. we will move down along the long-run aggregate supply curve. we will move up along the long-run aggregate supply curve.
If technological advancement occurs in the economy, , OA. the long-run aggregate supply curve will shift to the right. OB. the long-run aggregate supply curve will shift to the left. Oc. we will move up along the long-run aggregate supply curve. Od. we will move down along the long-run aggregate supply curve.
Question 5 With respect to the aggregate demand curve, improved consumer confidence would O Move the economy down along the curve. O Shift the curve leftward O Move the economy up along the curve O Shift the curve rightward.
1. In addition to the price level,
what does the aggregate demand and aggregate supply model focus
on?
a. real
GDP
b.
nominal GDP
c.
the real interest rate
d. stock
prices
2. Which statement best characterizes the long-run
aggregate-supply curve?
a. It is
horizontal.
b. It
shows a positive relationship between price level and output.
c.
It demonstrates the importance of money in the economy....
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