A sudden increase in household wealth is an example of a ______ demand shock, which shifts...
A sudden increase in household wealth is an example of a ______ demand shock, which shifts the AD curve to the ______.
a.negative; left
b.positive; left
c.positive; right
d.negative; right
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A sudden increase in household wealth is an example of a ______
demand shock, which shifts...
Other things constant, when nominal wages fall, the and the equilibrium price level -__ (Assume household wealth does N...
Other things constant, when nominal wages fall, the and the equilibrium price level -__ (Assume household wealth does NOT change as a result of the decrease in wages.) Short Run Aggregate Supply curve shifts right, falls. Aggregate Demand curve shifts right; falls. Short Run Aggregate Supply curve shifts left: rises. Aggregate Demand curve shifts left: rises.
Suppose a stock market boom makes people feel wealthier. The increase in wealth would cause people...
Suppose a stock market boom makes people feel wealthier. The increase in wealth would cause people to desire increased consumption, which shifts the aggregate demand curve right. increased consumption, which shifts the aggregate demand curve left. decreased consumption, which shifts the aggregate demand curve right. decreased consumption, which shifts the aggregate demand curve left.
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...
A supply shock is A. an increase in the rate of inflation as a result of...
A supply shock is A. an increase in the rate of inflation as a result of expansionary fiscal policy, resulting in a leftward shift of the SRAS curve. B. a sudden increase in the price of an important natural resource, resulting in a leftward shift of the SRAS curve. O C. an increase potential GDP caused by a govemment expenditure multiplier, resulting in a leftward shift of the AD curve. D. an increase in both the inflation and the unemployment...
An example of a positive real business cycle shock would be .. - a sudden Increase...
An example of a positive real business cycle shock would be .. - a sudden Increase in the money supply ma sudden decline in the working population (due to a fatal disease). the discovery of a new edible crop. ... the sudden decrease in the central bank's Inflation target. Erratic government government behavior can lead to a negative real shock by ... Increasing the perceived risk of Investing or saving - Increasing the inflation target. ... decreasing barriers to new...
An increase in the number of consumers shifts the demand curve to the _______ A. not...
An increase in the number of consumers shifts the demand curve to the _______ A. not enough information to know B. left C. right D. does not change the demand curve
level of aggregate output if the aggrega All else equal, a cost shock that shifts the aggregate supply curve to the lef...
level of aggregate output if the aggrega All else equal, a cost shock that shifts the aggregate supply curve to the left leads to a demand curve is downward sloping. price level and a A. higher; lower B. higher; higher C. lower; lower D. lower; higher When the AD curve is vertical and a cost shock shifts the AS curve to the left, there is no change in output Α. False B. True
13. An increase in the demand for a product means that the a. supply curve shifts...
13. An increase in the demand for a product means that the a. supply curve shifts to the left. b. demand curve shifts to the right. C. supply curve shifts to the right. d. demand curve shifts to the left. Exhibit 3-15 Supply and demand curres for good X Price per unit (dollars) 100 200 300 400 Quantity of pedx (unis per time period 14.- In the market shown in Exhibit 3-15, the equilibrium price and quantity of good X...
Which of the following represent the consequences of a negative supply shock? A) Short-run AS curve...
Which of the following represent the consequences of a negative supply shock? A) Short-run AS curve shifts to the right because production costs are reduced, quantity supplied increased and prices go down B) Short-run AS curve shifts left because the production costs are increased, quantity produced decrease and prices go up C) AD shifts left because of a recession and cyclical unemployment D) AD curve shifts right because increased output and prices
Explain why in a multiplier model a rise in household wealth relative to target will ceteris...
Explain why in a multiplier model a rise in household wealth relative to target will ceteris paribus shifts the AD curve upwards and raise output.
Other things constant, when nominal wages fall, the and the equilibrium price level -__ (Assume household wealth does NOT change as a result of the decrease in wages.) Short Run Aggregate Supply curve shifts right, falls. Aggregate Demand curve shifts right; falls. Short Run Aggregate Supply curve shifts left: rises. Aggregate Demand curve shifts left: rises.
A supply shock is A. an increase in the rate of inflation as a result of expansionary fiscal policy, resulting in a leftward shift of the SRAS curve. B. a sudden increase in the price of an important natural resource, resulting in a leftward shift of the SRAS curve. O C. an increase potential GDP caused by a govemment expenditure multiplier, resulting in a leftward shift of the AD curve. D. an increase in both the inflation and the unemployment...
An example of a positive real business cycle shock would be .. - a sudden Increase in the money supply ma sudden decline in the working population (due to a fatal disease). the discovery of a new edible crop. ... the sudden decrease in the central bank's Inflation target. Erratic government government behavior can lead to a negative real shock by ... Increasing the perceived risk of Investing or saving - Increasing the inflation target. ... decreasing barriers to new...
level of aggregate output if the aggrega All else equal, a cost shock that shifts the aggregate supply curve to the left leads to a demand curve is downward sloping. price level and a A. higher; lower B. higher; higher C. lower; lower D. lower; higher When the AD curve is vertical and a cost shock shifts the AS curve to the left, there is no change in output Α. False B. True
13. An increase in the demand for a product means that the a. supply curve shifts to the left. b. demand curve shifts to the right. C. supply curve shifts to the right. d. demand curve shifts to the left. Exhibit 3-15 Supply and demand curres for good X Price per unit (dollars) 100 200 300 400 Quantity of pedx (unis per time period 14.- In the market shown in Exhibit 3-15, the equilibrium price and quantity of good X...
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