Q. If the money wage rate rises and potential GDP remains the same, does the LAS curve or the SAS curve shift or is ther...
Q. If the money wage rate rises and potential GDP remains the same, does the LAS curve or the SAS curve shift or is there a movement along the LAS curve or SAS curve? If potential GDP increases, what happens to aggregate supply? Does the LAS curve shift or is there a movement along the SAS curve?
Homework Answers
When money wage rate rises and potential GDP remains the same then LAS curve remains same whereas SAS will shift leftward. Curve will shift and there will be no movement along the curve.
when potential GDP increases then LRAS curve shift parallelly rightward and there will be movement along the short run Aggregate supply curve
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Q. If the money wage rate rises and potential GDP remains the same, does the LAS curve or the SAS curve shift or is ther...
3)If the price level rises and the money wage-rate remains constant, what happens to the quantity...
3)If the price level rises and the money wage-rate remains constant, what happens to the quantity of real GDP supplied? Along which aggregate supply curve does the economy move? (Detail Answer)
An increase in the price level when the money wage rate remains unchanged increases _______
The graph shows a long-run aggregate supply curve and a short-run aggregate supply curve. Draw an arrow along one of the curves that illustrate a rise in the price level when the money wage rate remains unchanged. Label it 1. Draw an arrow along one of the curves that illustrate a rise in the price level accompanied by the same percentage rise in the money wage rate. Label it 2.An increase in the price level when the money wage rate remains...
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...
150 Price level (GDP defa 200/100 LAS 140 SAS How does an increase in autonomous expenditure...
150 Price level (GDP defa 200/100 LAS 140 SAS How does an increase in autonomous expenditure change real GDP in the short run? Does real GDP charge by the same amount as the change in aggregate demand? Why or why not? Use the graph to answer these questions AD, is the aggregate demand curve when investment is $10 milion Investment increases to $1.5 trilion, and the multiplier when the price level is constantis Draw the new aggregate demand curve and...
The graph shows an economy's potential GDP and the aggregate supply curve. Price level (GDP price...
The graph shows an economy's potential GDP and the aggregate supply curve. Price level (GDP price index, 2009-100) 150 Draw an arrow that shows a rise in the price level when the money wage rate remains unchanged. Label it 1. Potential GDP 140 Draw an arrow that shows a rise in the price level accompanied by the same percentage rise in the money130- wage rate and the money prices of other resources. Label it 2. AS 120 110 90 14.0...
because along it, as prices rise, the money wage The long-run aggregate supply curve is rate...
because along it, as prices rise, the money wage The long-run aggregate supply curve is rate O A. vertical, rises O B. vertical falls O c. upward sloping, falls O D. upward sloping, stays constant When the price lehel rises and simultaneously there is a decrease in real GDP, O A. the natural unemployment rate increases OB. the Fed has increased the discount rate O c. stagflation occurs O D. there is an expansionary gap.
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
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...
50. Ceteris paribus, the total demand for money curve will increase (shift rightward): A. if interest...
50. Ceteris paribus, the total demand for money curve will increase (shift rightward): A. if interest rates increase. B. if nominal GDP decreases. C. if the price level decreases. D. if nominal GDP increases. 51. Ceteris paribus, the total demand for money curve will decrease (shift leftward): A. if interest rates increase. B. if nominal GDP decreases. C. if the price level increases. D. if nominal GDP increases. 52. Which of the following is correct? A. The asset (speculative) demand...
An increase in the price level will A) shift the aggregate demand curve to the left.
7) An increase in the price level will A) shift the aggregate demand curve to the left. B) shift the aggregate demand curve to the right. C) move the economy up along the aggregate demand curve. D) move the economy down along the aggregate demand curve. 8) Expansionary monetary policy involves A) reducing money supply and lowering taxes B) increasing money supply to decrease interest rate C) increasing government spending and cutting money supply D) increasing the interest rate and increasing taxes 9) Long-run macroeconomic equilibrium occurs when A) aggregate demand...
150 Price level (GDP defa 200/100 LAS 140 SAS How does an increase in autonomous expenditure change real GDP in the short run? Does real GDP charge by the same amount as the change in aggregate demand? Why or why not? Use the graph to answer these questions AD, is the aggregate demand curve when investment is $10 milion Investment increases to $1.5 trilion, and the multiplier when the price level is constantis Draw the new aggregate demand curve and...
The graph shows an economy's potential GDP and the aggregate supply curve. Price level (GDP price index, 2009-100) 150 Draw an arrow that shows a rise in the price level when the money wage rate remains unchanged. Label it 1. Potential GDP 140 Draw an arrow that shows a rise in the price level accompanied by the same percentage rise in the money130- wage rate and the money prices of other resources. Label it 2. AS 120 110 90 14.0...
because along it, as prices rise, the money wage The long-run aggregate supply curve is rate O A. vertical, rises O B. vertical falls O c. upward sloping, falls O D. upward sloping, stays constant When the price lehel rises and simultaneously there is a decrease in real GDP, O A. the natural unemployment rate increases OB. the Fed has increased the discount rate O c. stagflation occurs O D. there is an expansionary gap.
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
50. Ceteris paribus, the total demand for money curve will increase (shift rightward): A. if interest rates increase. B. if nominal GDP decreases. C. if the price level decreases. D. if nominal GDP increases. 51. Ceteris paribus, the total demand for money curve will decrease (shift leftward): A. if interest rates increase. B. if nominal GDP decreases. C. if the price level increases. D. if nominal GDP increases. 52. Which of the following is correct? A. The asset (speculative) demand...
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