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Principles of Macroeconomics Study Set 8
Quiz 20: Aggregate Demand and Aggregate Supply: Part A
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Question 21
Essay
Other things the same,what happens to the price level and quantity of output when an adverse shift in the short run aggregate supply curve occurs?
Question 22
Essay
Suppose the expected price level increases.Which curves in the aggregate demand and aggregate supply model would be affected,and which way would they shift?
Question 23
Essay
A recession with inflation is know by what term?
Question 24
Essay
Other things the same,what happens to the price level and the quantity of output when the short run aggregate supply curve shifts to the right?
Question 25
Essay
Write the mathematical expression that summarizes the three alternative explanations for the upward slope of the short run aggregate supply curve.
Question 26
Essay
Other things the same,what happens in the short run to the price level and quantity of output when the aggregate demand curve shifts to the left?
Question 27
Essay
Misperceptions theory helps explain what feature of the aggregate demand and aggregate supply model?
Question 28
Essay
Suppose people anticipate an increase in the expected price level.Which curve(s)in the aggregate demand and aggregate supply model would be affected,and which way would it (they)shift?
Question 29
Essay
A decrease in what variable will raise the quantity of goods and services supplied,and shift only the short run aggregate supply curve to the right?
Question 30
Essay
Explain the short-run effects on output and the price level from a decrease in the aggregate-demand curve.
Question 31
Essay
Figure 33-13.
-Refer to Figure 33-13.Identify the price and output levels consistent with long-run equilibrium.
Question 32
Essay
Suppose a country experiences a change in weather patterns that makes farming more difficult.Which curve(s)in the aggregate demand and aggregate supply model would be affected,and which way would it (they)shift?