Chap 12 Macro hw

Refer to the data. If the amount of real output demanded at each price level falls by $200, the equilibrium price level and equilibrium level of real domestic output will fall to:

Refer to the diagram. A shift of the aggregate demand curve from AD1 to AD0 might be caused by a(n):

The real-balances effect on aggregate demand suggests that a:

In the figure, AD1 and AS1 represent the original aggregate supply and demand curves and AD2 and AS2 show the new aggregate demand and supply curves. The changes in aggregate demand and supply in the diagram produce:

A decrease in interest rates caused by a change in the price level would cause a(n):

Refer to the data. The equilibrium price level will be:

With cost-push inflation in the short run, there will be:

Refer to the diagram. Other things equal, a shift of the aggregate supply curve from AS0 to AS1 might be caused by a(n):

An increase in net exports will shift the:

An expected increase in the prices of consumer goods in the near future will:

The economy experiences an increase in the price level and an increase in real domestic output. Which is a likely explanation?

In the diagram, a shift from AS2 to AS3 might be caused by a(n):

The economy experiences an increase in the price level and a decrease in real domestic output. Which of the following is a likely explanation?

Graphically, cost-push inflation is shown as a:

Wage contracts, efficiency wages, and the minimum wage are explanations for why:

In the diagram, a shift from AS1 to AS3 might be caused by a(n):

If the dollar appreciates relative to foreign currencies, then:

A decrease in government spending will cause a(n):

Which of the diagrams best portrays the effects of an increase in foreign spending on U.S. products?

An increase in productivity will:

Which of the diagrams best portrays the effects of an increase in resource productivity?

A sharp rise in the real value of stock prices, which is independent of a change in the price level, would best be an example of:

The foreign purchases, interest rate, and real-balances effects explain why the:

Refer to the list above. Changes in which combination of factors best explain why the aggregate supply curve would shift?

Refer to the data. If the amount of real output demanded at each price level falls by $200, this might have been caused by:

In the diagram, a shift from AS3 to AS2 might be caused by an increase in:

A change in business taxes and regulation can affect production costs and aggregate supply.

Which of the diagrams best portrays the effects of a decrease in the availability of key natural resources?

If Congress passed new laws significantly increasing the regulation of business, this action would tend to:

Refer to the diagram. If the aggregate supply curve shifted from AS0 to AS1 and the aggregate demand curve remains at AD0, we could say that:

When the economy is experiencing demand-pull inflation, its real GDP tends to be rising.

Refer to the diagram. If equilibrium real output is Q2, then:

Which of the above factors best explain the downward slope of aggregate demand curve?

Which combination of factors would most likely increase aggregate demand?

A decrease in aggregate demand in the short run will reduce:

An increase in expected future income will:

In the diagram, a shift from AS1 to AS2 might be caused by:

A decrease in expected returns on investment will most likely shift the AD curve to the:

Which of the diagrams best portrays the effects of declines in the incomes of U.S. trading partners?

If the U.S. dollar appreciates in value relative to foreign currencies, then this will:

Prices and wages tend to be: