econ chapter 12 example #44981

(Consider This) The ratchet effect is the tendency of:

The real-balances, interest-rate, and foreign purchases effects all help explain:

The foreign purchases effect:

Other things equal, a decline in investment spending caused by the interest-rate effect of a price-level increase is depicted by the:

A rightward shift of the AD curve in the very flat part of the short-run AS curve will:

The aggregate expenditures model and the aggregate demand curve can be reconciled because, other things equal, in the aggregate expenditures model:

A rightward shift of the AD curve in the very steep upper part of the short-run AS curve will:

An increase in aggregate expenditures resulting from a decrease in the price level is equivalent to a:

Other things equal, if the national incomes of the major trading partners of the United States were to rise, the U.S.:

The aggregate demand curve:

An increase in net exports will shift the AD curve to the:

Given a fixed upsloping AS curve, a rightward shift of the AD curve will:

Which of the following would not shift the aggregate supply curve?

The aggregate supply curve (short run) is upsloping because:

Other things equal, an improvement in productivity will:

If aggregate demand decreases, and as a result, real output and employment decline but the price level remains unchanged, it is most likely that:

In which of the following sets of circumstances can we confidently expect inflation?

Other things equal, appreciation of the dollar:

The economy's long-run AS curve assumes that wages and other resource prices:

In deriving the aggregate demand curve from the aggregate expenditures model, we note t

Per-unit production cost is:

An increase in aggregate expenditures resulting from some factor other than a change in the price level is equivalent to:

An increase in input productivity will:

Prices and wages tend to be:

The factors that affect the amounts that consumers, businesses, government, and foreigners wish to purchase at each price level are the:

When aggregate demand declines, some firms may reduce employment rather than wages because wage reductions may:

The shape of the immediate-short-run aggregate supply curve implies that:

(Consider This) The idea that the price level readily moves upward but not downward is called the:

If the dollar price of foreign currencies falls (that is, the dollar appreciates), we would expect:

the real-balance effect indicates that

The aggregate supply curve (short run):