Homework Answers
Answer: Option A is correct.The decrease in the production cost resulted in the steepness of the supply curve . Now this resulted in lower price and higher level of output.The higher the level of output steeper is the Supply curve.
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Question 19 1 pts Which of the following will affect the steepness of the aggregate supply...
Question 46 1 pts If an economy is producing on its short-run aggregate supply curve but...
Question 46 1 pts If an economy is producing on its short-run aggregate supply curve but to the right of its aggregate demand curve then O the price level is too high to support that level of production inventory levels must be decreasing and output will begin to increase the price level is too low to support that level of production inventory levels must be increasing and output will begin to decrease • Previous Next > DOLL
Using aggregate supply and demand analysis, discuss how the following will affect the aggregate level of...
Using aggregate supply and demand analysis, discuss how the following will affect the aggregate level of output and the price level in the economy. Use a SRAS curve. You need to determine whether the AD or SRAS curve will shift, in which direction it will shift, and how this will affect aggregate output and the price level. a. Price of standardized inputs such as oil decrease. b. A fall in the stock market.
The economic model of aggregate demand curve and aggregate supply curve helps explain the A. three...
The economic model of aggregate demand curve and aggregate supply curve helps explain the A. three goals of economic policy which are economic growth, high inflation, and full employment. B. expansion and contractions in individual markets. C. shifts in real GDP and the price level. Which of the following descriptions reflects the AD-AS model most accurately? A. Real GDP is shown on the vertical axis and the price level is shown on the horizontal axis. B. Aggregate supply is shown...
Question 21 1 pts Use the following table which shows the aggregate demand and aggregate supply...
Question 21 1 pts Use the following table which shows the aggregate demand and aggregate supply schedule for a hypothetical economy to answer the next question. Real Domestic Output Demanded Price Level Real Domestic Output Supplied (in billions) (index value) (in billions) $3,000 350 $9,000 4,000 300 8,000 5,000 250 7,000 6,000 200 6,000 7,000 150 5,000 8,000 100 4,000 At the price level of 150, there will be a general surplus in the economy, and output supplied will decrease...
1. Using aggregate supply and demand analysis, discuss how the following will affect the aggregate level...
1. Using aggregate supply and demand analysis, discuss how the following will affect the aggregate level of output and the price level in the economy. Use an SRAS curve and an AD curve. You need to determine whether the AD or SRAS curve will shift, in which direction it will shift, and how this will affect aggregate output and the price level. (8 points) a. A hurricane that destroys half the supply of goods produced in Florida. b. An increase...
please answer all Question 22 2.5 pts Which of the following will not cause the supply...
please answer all
Question 22 2.5 pts Which of the following will not cause the supply curve to shift? A technological change in the production of the good A change in the prices of other goods that producers could be producing A change in the costs of resources needed to produce the good A change in the price of the good 2.5 pts Question 23 A fall in the price of milk, used in the production of ice cream, will:...
Which of the following shifts aggregate demand to the left?
Which of the following shifts aggregate demand to the left? a. Interest rates fall. b. Stock prices fall for some reason other than a change in the price level. c. The dollar depreciates for some reason other than a change in the price level. d. The price level rises. Which of the following shifts aggregate demand right? a. both a decrease in the price level and the implementation of an investment tax credit b. a decrease in the price level but not the implementation of an investment...
Which of the following is not determined in the aggregate demand (AD) and aggregate supply (AS)...
Which of the following is not determined in the aggregate demand (AD) and aggregate supply (AS) model? output/income/employment real interest rates the price level recessionary or inflationary gaps real GDP Question 5 (2.5 points) Saved To an economist, which of the following is an example of a (physical) investment? expenditures made on government bonds purchases of new physical assets, such as new plant and equipment, by firms the supply of loanable funds the purchase of an IBM stock by a...
Question 43 5 pts If the Money Supply (M) is $10 billion, real GDP (Q) is...
Question 43 5 pts If the Money Supply (M) is $10 billion, real GDP (Q) is $20 billion, and the Price Level (P) is 2.0, then the velocity of money (V) is: 2. 40. 20. 4. --------------------------- Question 44 5 pts Which of the following does NOT explain the downward slope of the aggregate demand curve? The real balance (wealth) effect The multiplier effect The international trade effect The interest rate effect Question 45 5 pts An increase in household...
Question 19 1 pts When a change in the price level leads to a change in the interest rate and thus a change in th...
Question 19 1 pts When a change in the price level leads to a change in the interest rate and thus a change in the quantity of aggregate demand, it is called theeffect. savings interest rate O price wealth o output 4 Previous Next Question 21 1 pts The Great Depression lasted longer and was deeper than the average recession, in part, because the government reduced tax rates and increased spending. the government reduced barriers to trade. there was a...
Question 46 1 pts If an economy is producing on its short-run aggregate supply curve but to the right of its aggregate demand curve then O the price level is too high to support that level of production inventory levels must be decreasing and output will begin to increase the price level is too low to support that level of production inventory levels must be increasing and output will begin to decrease • Previous Next > DOLL
Question 21 1 pts Use the following table which shows the aggregate demand and aggregate supply schedule for a hypothetical economy to answer the next question. Real Domestic Output Demanded Price Level Real Domestic Output Supplied (in billions) (index value) (in billions) $3,000 350 $9,000 4,000 300 8,000 5,000 250 7,000 6,000 200 6,000 7,000 150 5,000 8,000 100 4,000 At the price level of 150, there will be a general surplus in the economy, and output supplied will decrease...
1. Using aggregate supply and demand analysis, discuss how the following will affect the aggregate level of output and the price level in the economy. Use an SRAS curve and an AD curve. You need to determine whether the AD or SRAS curve will shift, in which direction it will shift, and how this will affect aggregate output and the price level. (8 points) a. A hurricane that destroys half the supply of goods produced in Florida. b. An increase...
please answer all
Question 22 2.5 pts Which of the following will not cause the supply curve to shift? A technological change in the production of the good A change in the prices of other goods that producers could be producing A change in the costs of resources needed to produce the good A change in the price of the good 2.5 pts Question 23 A fall in the price of milk, used in the production of ice cream, will:...
Which of the following is not determined in the aggregate demand (AD) and aggregate supply (AS) model? output/income/employment real interest rates the price level recessionary or inflationary gaps real GDP Question 5 (2.5 points) Saved To an economist, which of the following is an example of a (physical) investment? expenditures made on government bonds purchases of new physical assets, such as new plant and equipment, by firms the supply of loanable funds the purchase of an IBM stock by a...
Question 19 1 pts When a change in the price level leads to a change in the interest rate and thus a change in the quantity of aggregate demand, it is called theeffect. savings interest rate O price wealth o output 4 Previous Next Question 21 1 pts The Great Depression lasted longer and was deeper than the average recession, in part, because the government reduced tax rates and increased spending. the government reduced barriers to trade. there was a...
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