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Source and Require and Fixed Aggregate Require

 Supply and Demand and Stationary Combination Demand Essay

п»їMacroeconomics, (Hubbard/O'Brien)

Chapter 24 Aggregate Require and Aggregate Supply Evaluation

1)

The static aggregate require and aggregate supply shape model assists explain A)

short term fluctuations in real GDP and the selling price level.

B)

long term development.

C)

cost fluctuations in an individual market.

D)

outcome fluctuations in an individual marketplace.

2)

The aggregate demand curve shows the relationship between the ________ and ________. A)

inflation rate; quantity of genuine GDP demanded

B)

actual interest rate: amount of real GROSS DOMESTIC PRODUCT supplied

C)

nominal interest rate; quantity of true GDP demanded

D)

selling price level; amount of real GROSS DOMESTIC PRODUCT demanded

3)

Because of the incline the aggregate require we can say that

A)

a decrease in the cost level brings about a lower amount of aggregate spending B)

a reduction in the price level leads to penetration of00 of aggregate supply. C)

a decrease in the cost level causes a higher level of aggregate spending. D)

an increase in the cost level causes a higher level of aggregate spending. 4)

Which of the following would NOT be considered a great addition to home wealth? A)

the equity in one's house

B)

a thousand shares of Microsoft inventory

C)

a credit card balance

D)

the balance within your checking account

5)

The wealth effect is identified as

A)

when the price level falls, the actual value of household wealth falls. B)

when the price level falls, the nominal worth of household wealth comes. C)

when the selling price level declines, the nominal value of household riches rises. D)

if the price level falls, the real value of household wealth rises.

6)

The interest price effect is definitely described as

A)

an increase in the cost level raises the interest charge and chokes off govt spending. B)

an increase in the price level lowers the eye rate and chokes away government spending. C)

an increase in the price level raises the interest rate and chokes off investment and usage spending. D)

an increase in the price level lowers the eye rate and chokes away investment and consumption spending.

7)

If the price level in the U. S. increases relative to the cost level of different countries, ________ will go up, ________ can fall, and ________ will certainly fall. A)

imports; exports; net exports

B)

exports; imports; net export products

C)

net exports; export products; imports

D)

net exports; imports; export products

8)

The international transact effect declares that

A)

an increase in the purchase price level is going to raise net exports.

B)

an increase in the retail price level will certainly lower net exports.

C)

an increase in the price level will raise exports.

D)

a rise in the price level will decrease imports.

9)

Which from the following is usually one in case the explanations why the aggregate require curve mountains downward? A)

Increases in the price level decrease the interest price and decrease usage spending. B)

Improves in the value level reduce the interest charge and decrease expenditure spending. C)

Raises in the U. S. value level relative to the price level in other countries lessens net exports. D)

Increases inside the price level raise true wealth and lowers intake spending.

10)

An increase in the price level is going to

A)

move the aggregate demand curve left.

B)

switch the aggregate require curve to the right.

C)

move the economy up along a stationary aggregate demand curve. D)

push the economy straight down along a stationary mixture demand curve.

11)

Investing in the war in Korea is essentially grouped as federal government purchases. Just how do increases in spending on the war in Iraq impact the aggregate demand curve? A)

This will move our economy up along a stationary aggregate demand curve. B)

This will move the economy down along a fixed aggregate require curve. C)...

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