Increases in aggregate demand lead to

Assignment Help Business Economics
Reference no: EM13243396

1. Which of the following best characterizes changes in the U.S. long-run aggregate supply curve during the past 50 years (taking into account that the economy has acquired better technology)?

2. The Classical economists believed that ________.

3. Classical macroeconomic theory concludes that ultimately

4. Keynesian economic theory began _________.

5. Which of the following will shift the aggregate demand curve rightward (increase)?

6. One of keynes' key policy recommendations was increased government spending. This is equivalent to a policy to _________.

7. Which of the following will happen if the price level is below the full-employment price level?

8. Increases in aggregate demand lead to _______.

9. When a person cleans their own home, the value of this service in GDP is found in which spending component?

10. An increase in the amount of money circulating in the economy, ceteris paribus, will result in which of the following?

11. The existence of fiscal policy lags ________.

12. Which of the following best describes a balanced budget?

13. A decrease in the expected price level has the effect of _________.

14. In an inflationary spiral situation, the short-run aggregate supply curve ________.

15. Which of the following can be thought of as a stock in past budgetary imbalances?

16. Prior to the great Depression the U.S. economy operated under a philosophy of ­­­­­­­­­­­­­___________.

17. The slope of the consumption function is also known as the

18. Which of the following is not included in the complex multiplier?

19. According to the aggregate expenditure function, as the price level decreases, it is reasonable to expect that _________

20. Which of the following did not occur in 1929?

Reference no: EM13243396

Questions Cloud

What is opportunity cost of producing 100 loaves of bread : The population of an isolated island consists of 10 people. In oneyear, each person can either pick 100 bunches of bananas or,alternatively, tend an oven that bakes bananas into banana bread.There is only one oven on the island.
Contrast this event with the effects of other major disaster : Class, Hurricane Katrina's effect on the Gulf Coast was tragic for that area and for the entire United States of America. Many lives were lost and the true cost to society of the loss of human lives is immeasurable. The cost to the economy, however, ..
Find the time required for the boat to slow down : A 1200 kg boat is traveling at 80 km/h when its engine is shut off. The magnitude of the frictional force fk between boat, Find the time required for the boat to slow down to 40 km/h
The n.m corporation has exactly the same costs of production : The N.M. Corporation has exactly the same costs of production as last year except for fixed cost, which are $50,000 this year compared to $30,000 last year. Which of the following statements is false?
Increases in aggregate demand lead to : Which of the following best characterizes changes in the U.S. long-run aggregate supply curve during the past 50 years (taking into account that the economy has acquired better technology)?
Construct a pie chart of relative frequencies : Construct a pie chart of relative frequencies and construct a bar graph of the relative frequencies
According to the profit-maximization goal the firm should : According to the profit-maximization goal, the firm should attempt to maximize short-run profitssince there is too much uncertainty associated with long-run profits.
What if the airline offers refundable business class tickets : In the model for airline seat pricing, we studied the case of non-refundable tickets. What if the airline offers refundable business class tickets. You can buy a business class ticket and return it for a full refund if you do not fly.
Calculate the total return and not worry about how : Suppose that a security costs $1,500 today. a Calculate the percentage return on the security if the payoff to the security in one year is $1,000, $1,500, $2,000, or $2,500.

Reviews

Write a Review

 

Business Economics Questions & Answers

  Elucidate which country is has expansionary monetary policy

Elucidate in which country is an expansionary monetary policy likely to have a larger effect on aggregate output. Explain your answer using aggregate supply and aggregate demand curves.

  Idea that a country can simultaneously pursue

Idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.

  Point on the budget constraint this worker has chosen

Identify the point on the budget constraint this worker has chosen. Elucidate how much is he working every day.

  Average cost curve of small firms

What does an increase in fixed costs due to the average cost curve of small firms.

  Draw and explain a production possibilities frontier

Draw and explain a production possibilities frontier for an economy that produces milk and cookies. What happens to this frontier if disease kills half of the economys cow population.

  How does change in consumer and producer surplus comapare

What happens to consumer and producer surplus when the sale of good is taxed? How does the change in consumer and producer surplus comapare to the tax revenue? As a result of the above are taxes necessary to have? Explain.

  Economists oppose limiting economic growth possibilities

Economists oppose limiting economic growth possibilities because such limits would inevitably involve

  Elucidate what will happen if oil prices remain in range

As per to Global Insight, a Massachusetts economics consultancy, elucidate what will happen if oil prices remain in the range of $65 to $70 per barrel for a couple of more months.

  Explain how are you morally justifying your decision

Explain how are you morally justifying your decision. Remember to use professional e-mail etiquette when composing your e-mail.

  How should that information affect your calculation

If you were to learn that gatorade introduced new favors in 2010, how should that information affect your calculation to the inflation rate.

  Describe an industry that would meet conditions of industry

The shape of the long-run cost curve is determined by economies and diseconomies of scale. Contrast this curve with the short-run cost curve as it relates to increasing and diminishing marginal returns to labor.

  How would you conclusion change for the winter months

How would you conclusion change for the winter months, if bad weather makes it likely for traffic jams on the highway to increase to 6 days per month?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd