26. Consumption (household sector) spending is the largest component of
Aggregate employment
Aggregate demand
Aggregate supply
Aggregate income
Aggregate output
27. The aggregate demand curve slopes down, because of the inverse relationship between the price level and real output (GDP).
True
False
28. What happens to the aggregate supply curve when the government imposes an excise tax on production?
Increases by more than the tax
Remains the same
Shifts to the right
reaches a neutral point
Shifts to the left
29. Suppose National Bank has required reserves of $1,000 and actual reserves of $5,000. National Bank' s lending ability is___________.
$6,000
$1,000
$2,000
$5,000
$4,000
30. A decrease in the per-unit cost will shift the aggregate supply curve
Middle ward
Leftward
Will not shift the curve
Downward to the right
Rightward
26. Consumption (household sector) spending is the largest component of
Aggregate employment | |
Aggregate demand | |
Aggregate supply | |
Aggregate income | |
Aggregate output |
27. The aggregate demand curve slopes down, because of the inverse relationship between the price level and real output (GDP).
True | |
False |
28. What happens to the aggregate supply curve when the government imposes an excise tax on production?
Increases by more than the tax | |
Remains the same | |
Shifts to the right | |
reaches a neutral point | |
Shifts to the left |
29. Suppose National Bank has required reserves of $1,000 and actual reserves of $5,000. National Bank' s lending ability is___________.
$6,000 | |
$1,000 | |
$2,000 | |
$5,000 | |
$4,000 |
30. A decrease in the per-unit cost will shift the aggregate supply curve
Middle ward | |
Leftward | |
Will not shift the curve | |
Downward to the right | |
Rightward |
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Related questions
1. | In the money market, money supply is determined by the central bank, such as the Fed in the U.S. Because of this, money supply curve is usually vertical in the short run, while the money demand curve is downward sloping. The quantity demanded of money has an inverse relationship with the interest rate, but a direct relationship with both the price level and real GDP. Therefore, when the general price level increases, what will most likely happen? | ||||||||||||||||
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3. | Suppose workers become pessimistic about their future employment, which causes them to save more and spend less. If the economy is in the Keynesian range of the aggregate supply curve, then | ||||||||||||||||
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5. | Which of the following will shift the aggregate demand curve to the left? | ||||||||||||||||
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6. | Which of the following will shift the aggregate supply curve to the left? | ||||||||||||||||
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8. | There are also two kinds of deflation, the demand-pull deflation and cost-push deflation. Then which of the following is most likely to be true? | ||||||||||||||||
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9. | The short-run aggregate supply curve (SRAS) can be written as follows: Y = Yf + b (p - pe), where Y = real GDP, Yf = full-employment real GDP, p = price level, pe = expected price level, and b is a positive coefficient. The SRAS can be re-written as p = pe - (1/b)(Yf) + (1/b)(Y). Then which of the following is true? | ||||||||||||||||
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