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when all other influences on expenditure plans remain the same. Aggregate demand is the relationship between...
Which of the following best describes the relationship between aggregate expenditure and real GDP? O A....
Which of the following best describes the relationship between aggregate expenditure and real GDP? O A. If aggregate expenditure falls short of real GDP, inventories will accumulate and real GDP and aggregate income will fall in future. O B. If aggregate expenditure falls short of real GDP, inventories will decrease and real GDP and aggregate income will fall in future. O c. If aggregate expenditure falls short of real GDP, inventories will accumulate and real GDP and aggregate income will...
Long run aggregate supply is the relationship between the quantity of real GDP supplied and the...
Long run aggregate supply is the relationship between the quantity of real GDP supplied and the price level when the maintain full employment changes in step with the price level to O A. money wage rate OB. quantity of money OC. real wage rate OD. interest rate supplied and the when the money wage rate, the prices of other resources and Short run aggregate supply is the relationship between the quantity of potential GDP remain constant O A real GDP...
In the graph, the initial aggregate supply curve is AS and the initial aggregate demand curve...
In the graph, the initial aggregate supply curve is AS and the initial aggregate demand curve is ADo Some events that could have changed aggregate demand from AD, to AD are O A. a fall in the exchange rate or Price level 0 AS AS an increase in expected future inflation O B. a decrease in the money wage rate or 105 10 an increase in potential GDP ( 100 C. a decrease in expected future income or a decrease...
Consider the AD/AS macro model. Suppose there is an increase in aggregate demand and, simultaneously, a...
Consider the AD/AS macro model. Suppose there is an increase in aggregate demand and, simultaneously, a decrease in aggregate supply. The result will be a Select one: a. rise in real GDP but price level changes will be indeterminate. b. rise in real GDP and a fall in the price level. c. an indeterminate change in real GDP and a rise in the d. an indeterminate change in real GDP and a fall in the price level e. rise in...
The aggregate production function is the relationship that tells us when all other influences on production...
The aggregate production function is the relationship that tells us when all other influences on production remain the same A. how the real wage rate changes as the quantity of labour changes 0 B. how real GDP changes as the quantity of labour changes C. how real GDP changes as the quantity of leisure changes D. how potential GDP changes as the labour market moves from surplus or shortage to equilibrium 0
6. (Problem 6) An economy is facing the inflationary gap shown in the accompanying diagram. Aggregate...
6. (Problem 6) An economy is facing the inflationary gap shown in the accompanying diagram. Aggregate price level LRAS SRAS Real GDP Potential —YpY output To eliminate the gap, should the central bank use expansionary or contractionary monetary policy? How will the interest rate, investment spending, consumer spending, real GDP, and the aggregate price level change as monetary policy closes the inflationary gap? The central bank can use contractionary monetary policy. The interest rate will rise, which would encourage a...
Explain the effect of each of the following events on Mexico's aggregate demand. If the government...
Explain the effect of each of the following events on Mexico's aggregate demand. If the government of Mexico cuts income taxes, Mexico's aggregate demand O A. increases, and the aggregate demand curve shifts leftward O B. increases, and the aggregate demand curve shifts rightward O C. is unchanged, but the price level falls and quantity of real GDP demanded increases OD. decreases because it decreases the amount the government can spend O E. is unchanged because it just decreases the...
The aggregate-demand curve O shows an inverse relation between the price level and the quantity of...
The aggregate-demand curve O shows an inverse relation between the price level and the quantity of all goods and services demanded. O has a slope that is explained in the same way as the slope of the demand curve for a particular product O is vertical in the long run. O All of the above are correct. Question 24 If aggregate demand shifts left, then in the short run the price level and real GDP both rise. O the price...
PLEASE LOOK CAREFULLY I DID NOT UNDERSTAND PLS 10..Supply is _____, when all other influences on...
PLEASE LOOK CAREFULLY I DID NOT UNDERSTAND PLS 10..Supply is _____, when all other influences on buying plans remain the same. A. the relationship between the quantity supplied of a good and the cost of the inputs used to produce it B. the is the quantity of a good that producers would be willing to sell if costs were lower C. the relationship between the quantity supplied of a good and the price of the good D. the quantity of...
An increase in the price level when the money wage rate remains unchanged increases _______
The graph shows a long-run aggregate supply curve and a short-run aggregate supply curve. Draw an arrow along one of the curves that illustrate a rise in the price level when the money wage rate remains unchanged. Label it 1. Draw an arrow along one of the curves that illustrate a rise in the price level accompanied by the same percentage rise in the money wage rate. Label it 2.An increase in the price level when the money wage rate remains...
Which of the following best describes the relationship between aggregate expenditure and real GDP? O A. If aggregate expenditure falls short of real GDP, inventories will accumulate and real GDP and aggregate income will fall in future. O B. If aggregate expenditure falls short of real GDP, inventories will decrease and real GDP and aggregate income will fall in future. O c. If aggregate expenditure falls short of real GDP, inventories will accumulate and real GDP and aggregate income will...
Long run aggregate supply is the relationship between the quantity of real GDP supplied and the price level when the maintain full employment changes in step with the price level to O A. money wage rate OB. quantity of money OC. real wage rate OD. interest rate supplied and the when the money wage rate, the prices of other resources and Short run aggregate supply is the relationship between the quantity of potential GDP remain constant O A real GDP...
In the graph, the initial aggregate supply curve is AS and the initial aggregate demand curve is ADo Some events that could have changed aggregate demand from AD, to AD are O A. a fall in the exchange rate or Price level 0 AS AS an increase in expected future inflation O B. a decrease in the money wage rate or 105 10 an increase in potential GDP ( 100 C. a decrease in expected future income or a decrease...
Consider the AD/AS macro model. Suppose there is an increase in aggregate demand and, simultaneously, a decrease in aggregate supply. The result will be a Select one: a. rise in real GDP but price level changes will be indeterminate. b. rise in real GDP and a fall in the price level. c. an indeterminate change in real GDP and a rise in the d. an indeterminate change in real GDP and a fall in the price level e. rise in...
The aggregate production function is the relationship that tells us when all other influences on production remain the same A. how the real wage rate changes as the quantity of labour changes 0 B. how real GDP changes as the quantity of labour changes C. how real GDP changes as the quantity of leisure changes D. how potential GDP changes as the labour market moves from surplus or shortage to equilibrium 0
6. (Problem 6) An economy is facing the inflationary gap shown in the accompanying diagram. Aggregate price level LRAS SRAS Real GDP Potential —YpY output To eliminate the gap, should the central bank use expansionary or contractionary monetary policy? How will the interest rate, investment spending, consumer spending, real GDP, and the aggregate price level change as monetary policy closes the inflationary gap? The central bank can use contractionary monetary policy. The interest rate will rise, which would encourage a...
Explain the effect of each of the following events on Mexico's aggregate demand. If the government of Mexico cuts income taxes, Mexico's aggregate demand O A. increases, and the aggregate demand curve shifts leftward O B. increases, and the aggregate demand curve shifts rightward O C. is unchanged, but the price level falls and quantity of real GDP demanded increases OD. decreases because it decreases the amount the government can spend O E. is unchanged because it just decreases the...
The aggregate-demand curve O shows an inverse relation between the price level and the quantity of all goods and services demanded. O has a slope that is explained in the same way as the slope of the demand curve for a particular product O is vertical in the long run. O All of the above are correct. Question 24 If aggregate demand shifts left, then in the short run the price level and real GDP both rise. O the price...
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