In the short run, a decrease in consumption will cause a(n) a) increase in price and...
In the short run, a decrease in consumption will cause a(n)
a) increase in price and output levels
b) decrease in price and output levels
c) decrease in the price level and no change in output
d) increase in the price level and a decrease in output
Homework Answers
option b is correct (Aggregate demand curve would shift to the left causing price level to fall and output to decrease)
Add Answer to:
In the short run, a decrease in consumption will cause a(n)
a) increase in price and...
Which of the following will most likely cause a decrease in short-run aggregate supply (leftward shift) in the goods and services market?
35. Which of the following will most likely cause a decrease in short-run aggregate supply (leftward shift) in the goods and services market? a. An increase in the productivity of labor b. A reduction in the price of crude oil, a major imported commodity c. An increase in resource prices d. Favorable weather conditions in agricultural areas. 36. The vertical long-run aggregate supply curve reflects the fact that in the long run, an increase in the price level. a. Will not alter the economy's maximum...
Which of the following would cause an increase in employment in the short run? The minimum...
Which of the following would cause an increase in employment in the short run? The minimum wage increases. Exports decrease. There is a negative supply shock. There is an increase in the expected price level. There is an increase in government spending.
1) The long-run aggregate supply curve shifts to the right when there is A) a decrease...
1) The long-run aggregate supply curve shifts to the right when there is A) a decrease in the total amount of capital in the economy. B) a decrease in the total amount of labor supplied in the economy. C) a decrease in the available technology. D) a decline in the natural rate of unemployment. 2) The short-run aggregate supply curve shifts to the right when A) output gap is higher. B) output gap is lower. C) expected inflation is higher....
1. Describe and briefly explain whether the following changes cause the short-run aggregate suppl...
1. Describe and briefly explain whether the following changes cause the short-run aggregate supply to increase, decrease or nether: a. The price level increases b. Input prices decrease c. Firms and workers expect the price level to fall d. The price level decreases e. New policies increase the cost of meeting government regulations f. The number of workers in the labor force increases
1. Describe and briefly explain whether the following changes cause the short-run aggregate supply to increase, decrease...
What is the difference between the short run and the medium run in these two questions...
What is the difference between the short run and the medium run
in these two questions when there is an increase in gov't
consumption? Also what is the difference between the natural level
of GDP and GDP.
e Decase Which of the following are th Natural level of GDP Price level Decrease face Invest GDP No change Isce Decrease lacres No change Increase Decrease Dec Uncertain No change Increase Decres Incres 12 Points an increase in government conception and to...
4. Which of the following will cause an increase in output per worker in the long...
4. Which of the following will cause an increase in output per worker in the long run? A. an increase in the saving rate ( B. a reduction in the depreciation rate C. an increase in the stock of human capital D. an improvement of technology 5. Suppose, due to a military conflict, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend...
options for b: increase, decrease, return to its initial value options for d: increase, decrease, return...
options for b:
increase, decrease, return to its initial value
options for d:
increase, decrease, return to its initial value
The Macroeconomy in long- and short-run equilbrium LRAS 100 AD Real GDP (Y) reset Suppose a stock market crash reduces people's wealth. a. Drag the appropriate line in the correct direction to show the short-run effect on the AS- AD model. Suppose a stock market crash reduces people's wealth. a. Drag the appropriate line in the correct direction to show...
16. to the wealth effect, an increase in the price level causes ease in real wealth and more purchases b. An incr C. A decrease d. rease in real wealth and fewer purchases se in real wealth and f...
16. to the wealth effect, an increase in the price level causes ease in real wealth and more purchases b. An incr C. A decrease d. rease in real wealth and fewer purchases se in real wealth and fewer purchases A decrease in r price level increase tends to reduce net exports, thereby reducing the amount of real goods a. The b. The international banner effect C. rvices purchased in the U.S. Economists refer to this phenomenon as international wealth...
Update the graph below to show an increase in short run aggregate supply and show what...
Update the graph below to show an increase in short run aggregate supply and show what effect this increase in increase short run aggregate supply will have on price levels and real GDP. 1. Price level SRAS AD Real GDF 2. Assume that a recessionary gap currently exists. If long-run supply (aka, potential output) increases and there is no change to aggregate demand or short run aggregate supply what happens to real GDP and to the recessionary gap?
E) none of the above un equilibrium occurs les intersect. 26. In the Keynesian model, short-run...
E) none of the above un equilibrium occurs les intersect. 26. In the Keynesian model, short-run egun A) where the IS and LA curves intersect. Where the IS curve. Meurve. and FE lines inters C) where the IS curve intersects the FB fine. D) where the LM curve intersects the Fence he money supply will cause 27 In the Keynesian model in the short A) a decrease in output and an increase in the real B) an increase in the...
1) The long-run aggregate supply curve shifts to the right when there is A) a decrease in the total amount of capital in the economy. B) a decrease in the total amount of labor supplied in the economy. C) a decrease in the available technology. D) a decline in the natural rate of unemployment. 2) The short-run aggregate supply curve shifts to the right when A) output gap is higher. B) output gap is lower. C) expected inflation is higher....
1. Describe and briefly explain whether the following changes cause the short-run aggregate supply to increase, decrease or nether: a. The price level increases b. Input prices decrease c. Firms and workers expect the price level to fall d. The price level decreases e. New policies increase the cost of meeting government regulations f. The number of workers in the labor force increases
1. Describe and briefly explain whether the following changes cause the short-run aggregate supply to increase, decrease...
What is the difference between the short run and the medium run
in these two questions when there is an increase in gov't
consumption? Also what is the difference between the natural level
of GDP and GDP.
e Decase Which of the following are th Natural level of GDP Price level Decrease face Invest GDP No change Isce Decrease lacres No change Increase Decrease Dec Uncertain No change Increase Decres Incres 12 Points an increase in government conception and to...
4. Which of the following will cause an increase in output per worker in the long run? A. an increase in the saving rate ( B. a reduction in the depreciation rate C. an increase in the stock of human capital D. an improvement of technology 5. Suppose, due to a military conflict, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend...
options for b:
increase, decrease, return to its initial value
options for d:
increase, decrease, return to its initial value
The Macroeconomy in long- and short-run equilbrium LRAS 100 AD Real GDP (Y) reset Suppose a stock market crash reduces people's wealth. a. Drag the appropriate line in the correct direction to show the short-run effect on the AS- AD model. Suppose a stock market crash reduces people's wealth. a. Drag the appropriate line in the correct direction to show...
16. to the wealth effect, an increase in the price level causes ease in real wealth and more purchases b. An incr C. A decrease d. rease in real wealth and fewer purchases se in real wealth and fewer purchases A decrease in r price level increase tends to reduce net exports, thereby reducing the amount of real goods a. The b. The international banner effect C. rvices purchased in the U.S. Economists refer to this phenomenon as international wealth...
Update the graph below to show an increase in short run aggregate supply and show what effect this increase in increase short run aggregate supply will have on price levels and real GDP. 1. Price level SRAS AD Real GDF 2. Assume that a recessionary gap currently exists. If long-run supply (aka, potential output) increases and there is no change to aggregate demand or short run aggregate supply what happens to real GDP and to the recessionary gap?
E) none of the above un equilibrium occurs les intersect. 26. In the Keynesian model, short-run egun A) where the IS and LA curves intersect. Where the IS curve. Meurve. and FE lines inters C) where the IS curve intersects the FB fine. D) where the LM curve intersects the Fence he money supply will cause 27 In the Keynesian model in the short A) a decrease in output and an increase in the real B) an increase in the...
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