Homework Answers
4. a
Increase in price causes leftward movement along the demand
curve.
5. d
Employment would rise with increase in output
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Question 4 Which statement best characterizes what happens to the aggregate demand curve when...
1. An above-full-employment equilibrium occurs when Group of answer choices aggregate demand decreases while neither the...
1. An above-full-employment equilibrium occurs when Group of answer choices aggregate demand decreases while neither the short-run nor long-run aggregate supply changes. short-run aggregate supply decreases while neither aggregate demand nor long-run aggregate supply changes. the equilibrium level of real GDP is greater than potential GDP. the equilibrium level of real GDP is less than potential GDP. 2. Which of the following shifts the aggregate demand curve rightward? Group of answer choices a decrease in consumption an increase in investment...
please help William A. McEachern - Chapter Titles ‘Introduction to Macroeconomics’, ‘Aggregate Expenditure and Aggregate Demand,’...
please help William A. McEachern - Chapter Titles ‘Introduction to Macroeconomics’, ‘Aggregate Expenditure and Aggregate Demand,’ & ‘Aggregate Supply’ Chapter ‘Introduction to Macroeconomics’ Q8. Why does a decrease of the aggregate demand curve result in less employment, given an aggregate supply curve? Q9. Is it possible for the price level to fall while production and employment both rise? If it is possible, how could this happen? If is is not possible, explain why not. P15. Determine whether each of the following...
If real GDP is greater than potential GDP, then the _ and the price level _....
If real GDP is greater than potential GDP, then the _ and the price level _. a.) aggregate supply curve shifts leftward, rises b.) aggregate demand curve shifts rightward, falls c.) aggregate supply curve shifts rightward, falls d.) aggregate demand curve shifts leftward, rises
Please help with both questions The short-run aggregate supply curve is horizontal when Othere are unemployed...
Please help with both questions
The short-run aggregate supply curve is horizontal when Othere are unemployed resources and prices do not increase when aggregate demand increases. there are no unemployed resources and prices do not increase when aggregate demand or supply increases. prices are inflexible and the economy is at full employment. Othere are unemployed resources and prices do not decrease when aggregate supply increases. 0.5 points Save Answer QUESTION 6 A reduction in nominal wages will cause which of...
38.39,40 Question 38 (2 points) When potential GDP increases. 1) the AS curve shifts rightward. 2)...
38.39,40
Question 38 (2 points) When potential GDP increases. 1) the AS curve shifts rightward. 2) there is a movement up along the AS curve. 3) the AS curve shifts leftward. 0 4) there is a movement down along the AS curve. Question 39 (2 points) Which of the following produces a movement along the aggregate demand curve? 1) a change in foreign incomes 2) a change in the price level 3) a change in monetary policy 4) a change...
When the price level falls, aggregate demand ______. decreases and the AD curve shifts leftward does...
When the price level falls, aggregate demand ______. decreases and the AD curve shifts leftward does not change, but the quantity of real GDP demanded decreases and a movement up along the AD curve occurs does not change, but the quantity of real GDP demanded increases and a movement down along the AD curve occurs increases and the AD curve shifts rightward When Europe trades with Mexico and goes into a recession, ______.
The 2008-2009 recession must have been a result of ________ because otherwise the combination of the...
The 2008-2009 recession must have been a result of ________ because otherwise the combination of the ________ cannot be explained. Question 29 options: a decrease in AD and an increase in AS; fall in the price level and the decrease in real GDP a decrease in AD and an increase in AS; rise in the price level and the decrease in real GDP an increase in AD and AS; rise in the price level and the decrease in real GDP...
Illustrate and briefly explain the beginning of a demand-pull inflation. 3. When answering parts a and b,...
Illustrate and briefly explain the beginning of a demand-pull inflation. 3. When answering parts a and b, draw the relevant Phillips curve. Using a short-run Phillips curve, what is the effect on the unemployment rate if the inflation rate unexpectedly rises. Using a long-run Phillips curve, what is the effect on the unemployment rate if the inflation rate rises and people expect the rise. Explain how your answer to part a about the unexpected rise in the inflation rate changes in...
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 the money wage rate and other resource prices do not change when the price level...
If the money wage rate and other resource prices do not change when the price level rises by 10 percent, Select one: a. the short-run aggregate supply curve shifts leftward b. the long-run aggregate supply curve shifts rightward c. the long-run aggregate supply curve shifts leftward d. there is movement along the short-run aggregate supply curve Next page G 2019 Hamdan Bin Mohammed Smart University. All rights reserved
Please help with both questions
The short-run aggregate supply curve is horizontal when Othere are unemployed resources and prices do not increase when aggregate demand increases. there are no unemployed resources and prices do not increase when aggregate demand or supply increases. prices are inflexible and the economy is at full employment. Othere are unemployed resources and prices do not decrease when aggregate supply increases. 0.5 points Save Answer QUESTION 6 A reduction in nominal wages will cause which of...
38.39,40
Question 38 (2 points) When potential GDP increases. 1) the AS curve shifts rightward. 2) there is a movement up along the AS curve. 3) the AS curve shifts leftward. 0 4) there is a movement down along the AS curve. Question 39 (2 points) Which of the following produces a movement along the aggregate demand curve? 1) a change in foreign incomes 2) a change in the price level 3) a change in monetary policy 4) a change...
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 the money wage rate and other resource prices do not change when the price level rises by 10 percent, Select one: a. the short-run aggregate supply curve shifts leftward b. the long-run aggregate supply curve shifts rightward c. the long-run aggregate supply curve shifts leftward d. there is movement along the short-run aggregate supply curve Next page G 2019 Hamdan Bin Mohammed Smart University. All rights reserved
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