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Answer
an increase in government regulation such as taxes or production quotas, will reduce the Aggregate supply of the economy, which will make the curve shift leftwards.
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Question 48 (1 point) Use the following graph to answer the next question. AS, AS. (H...
Please Answer the 3 questions. Thanks a ton. Answer the next three questions based on the...
Please Answer the 3 questions. Thanks a ton.
Answer the next three questions based on the information in the graph below. If aggregate supply shifts from AS1 to AS2, then the price level will: Increase and real domestic output will increase Decrease and real domestic output will increase Increase and real domestic output will decrease Decrease and real domestic output will decrease When output increases from Q1 and the price level decreases from PI. this change will: Be caused by...
11 & 12 Use the following graph for questions 11 & 12. AS, Price level Real...
11 & 12
Use the following graph for questions 11 & 12. AS, Price level Real domestic output, GDP 11. In the above diagram, a shift from ASi to AS3 might be caused by a(n): A. increase in productivity B. decrease in the prices of imported resources C. increase in the prices of domestic resources D. decrease in business taxes. 12. In the above diagram, a shift from AS1 to AS2 might be caused by a(n): A. decrease in productivity...
Question 7 (3 points) AS2 AS1 AS3 Price Level AD Q₂Q, Q3 Real Domestic Output Which...
Question 7 (3 points) AS2 AS1 AS3 Price Level AD Q₂Q, Q3 Real Domestic Output Which of the following will shift the aggregate supply (AS) curve from AS1 to AS2? O A change in consumer wealth. O A decrease in political stability. Technological advances. More labor resources, which cause wages to fall.
Use the following graph to answer the next question Price Level AD Real Domestic Output Assure...
Use the following graph to answer the next question Price Level AD Real Domestic Output Assure the economy is initially located on ADO and ASO. An increase in the exchange rate and a decrease in worker productivity would result in price and real domestic output Muito Choice Multiple Choice OG, В оо Е: В
AS, AS, (н Price Level E AD AD 0 A B C Real Domestic Output A...
AS, AS, (н Price Level E AD AD 0 A B C Real Domestic Output A shift of the aggregate demand curve from AD, to AD, might be caused by a(n). OA) increase in investment spending B) decrease in the amount of output supplied C) increase in aggregate supply D) decrease in net export spending Which of the following statements is correct? A) A bank can only grant loans to customers if it has excess reserves. B) When borrowers repay...
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...
Use the following graph to answer the next question. Price Level AD2 AD AD Real Domestic...
Use the following graph to answer the next question. Price Level AD2 AD AD Real Domestic Output, GDP What combination would most likely cause a shift from AD, to AD2? A) An increase in taxes and an increase in government purchases A decrease in taxes and an increase in government purchases A decrease in taxes and a decrease in government purchases D) An increase in taxes and no change in government purchases
What reference? Name: For each of the following events, use an AD-AS diagram to show the...
What reference?
Name: For each of the following events, use an AD-AS diagram to show the short-run and long-run effects on output and the price level (inflation rate); identify any output gap. Assume the economy starts in long run equilibrium. (1) The government reduces income taxes AS P AD (2) A decrease in consumer confidence leads to lower consumption spending AS P. AD AD-AS practice assignment.pdf 2/2 (3) The Fed decreases the money supply AS Pe K AD y* (4)...
If the Bank of Canada were to miscalculate the NAIRU (non-accelerating inflation rate of unemployment) as...
If the Bank of Canada were to miscalculate the NAIRU (non-accelerating inflation rate of unemployment) as being 10% when in fact it was 12%, it might cause O A. consumers to spend more than they intended, because the Bank of Canada misled them about the unemployment rate. O B. a reduction in the natural rate of unemployment, because it would be allowing inflation to occur. O c. a one-time reduction in unemployment, because of a one-time increase in the money...
Answer these 4 will rate after Graphically, a negative supply shock, such as the increase in...
Answer these 4 will rate after
Graphically, a negative supply shock, such as the increase in oil prices in 1973, can be shown as: O a leftward shift of the AD curve. a downward and to the right shift of the SR-AS curve. an upward and to the left shift of SR-AS curve. O a rightward shift of the AD curve. Decreases in short-run aggregate supply due to a reduction in the nation's resources result in O an increase in...
Please Answer the 3 questions. Thanks a ton.
Answer the next three questions based on the information in the graph below. If aggregate supply shifts from AS1 to AS2, then the price level will: Increase and real domestic output will increase Decrease and real domestic output will increase Increase and real domestic output will decrease Decrease and real domestic output will decrease When output increases from Q1 and the price level decreases from PI. this change will: Be caused by...
11 & 12
Use the following graph for questions 11 & 12. AS, Price level Real domestic output, GDP 11. In the above diagram, a shift from ASi to AS3 might be caused by a(n): A. increase in productivity B. decrease in the prices of imported resources C. increase in the prices of domestic resources D. decrease in business taxes. 12. In the above diagram, a shift from AS1 to AS2 might be caused by a(n): A. decrease in productivity...
Question 7 (3 points) AS2 AS1 AS3 Price Level AD Q₂Q, Q3 Real Domestic Output Which of the following will shift the aggregate supply (AS) curve from AS1 to AS2? O A change in consumer wealth. O A decrease in political stability. Technological advances. More labor resources, which cause wages to fall.
Use the following graph to answer the next question Price Level AD Real Domestic Output Assure the economy is initially located on ADO and ASO. An increase in the exchange rate and a decrease in worker productivity would result in price and real domestic output Muito Choice Multiple Choice OG, В оо Е: В
AS, AS, (н Price Level E AD AD 0 A B C Real Domestic Output A shift of the aggregate demand curve from AD, to AD, might be caused by a(n). OA) increase in investment spending B) decrease in the amount of output supplied C) increase in aggregate supply D) decrease in net export spending Which of the following statements is correct? A) A bank can only grant loans to customers if it has excess reserves. B) When borrowers repay...
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...
Use the following graph to answer the next question. Price Level AD2 AD AD Real Domestic Output, GDP What combination would most likely cause a shift from AD, to AD2? A) An increase in taxes and an increase in government purchases A decrease in taxes and an increase in government purchases A decrease in taxes and a decrease in government purchases D) An increase in taxes and no change in government purchases
What reference?
Name: For each of the following events, use an AD-AS diagram to show the short-run and long-run effects on output and the price level (inflation rate); identify any output gap. Assume the economy starts in long run equilibrium. (1) The government reduces income taxes AS P AD (2) A decrease in consumer confidence leads to lower consumption spending AS P. AD AD-AS practice assignment.pdf 2/2 (3) The Fed decreases the money supply AS Pe K AD y* (4)...
If the Bank of Canada were to miscalculate the NAIRU (non-accelerating inflation rate of unemployment) as being 10% when in fact it was 12%, it might cause O A. consumers to spend more than they intended, because the Bank of Canada misled them about the unemployment rate. O B. a reduction in the natural rate of unemployment, because it would be allowing inflation to occur. O c. a one-time reduction in unemployment, because of a one-time increase in the money...
Answer these 4 will rate after
Graphically, a negative supply shock, such as the increase in oil prices in 1973, can be shown as: O a leftward shift of the AD curve. a downward and to the right shift of the SR-AS curve. an upward and to the left shift of SR-AS curve. O a rightward shift of the AD curve. Decreases in short-run aggregate supply due to a reduction in the nation's resources result in O an increase in...
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