F.The long run aggregate supply curve is vertical because output is unresponsive to the _i. Price levelii. Capitalii, Technology iv. LaborG.The accepting of credit/debit card in payments shiftsi. AD curve upwardii. AS curve upwardiii. AD curve downward iv. AS curve downwardAll the points above the IS cure showi. Excess supply of goods ii. Excess demand for goods iii. Excess supply of money iv. Excess demand for moneyН.I.As the Keynesian cross is a building block for the IS curve, the theory of_is a building block forthe_curve.ii. Liquidity preference, ADi. liquidity preference, LMiv. None of the aboveiii. Liquidity preference, ASJ.The LM curve is drawn for a given supply of .i. Real moneyii. Nominal moneyiii. Goodsiv. Factors of productionThe fiscal policy is,effective if IS curve isii. Less, steeperK.i. More, steeperiii. More, flatter iv. None of the above

F. The long run aggregate supply curve is vertical because output is unresponsive to the i. Price level ii. Capital ii, Technology iv. Labor The accepting of credit/debit card in payments shifts i. AD curve upward G. ii. AS curve upward iii. AD curve downward iv. AS curve downward Н. All the points above the IS cure show_ i. Excess supply of goods ii. Excess demand for goods iii. Excess supply of money iv. Excess demand for money As the Keynesian cross is a building block for the IS curve, the theory of the I. _is a building block for _curve. i. liquidity preference, LM ii. Liquidity preference, AD iii. Liquidity preference, AS iv. None of the above J. The LM curve is drawn for a given supply of i. Real money ii. Nominal money iii. Goods iv. Factors of production K. The fiscal policy is effective if IS curve is i. More, steeper ii. Less, steeper iii. More, flatter iv. None of the above

F. The long run aggregate supply curve is vertical because output is unresponsive to the i. Price level ii. Capital ii, Technology iv. Labor The accepting of credit/debit card in payments shifts i. AD curve upward G. ii. AS curve upward iii. AD curve downward iv. AS curve downward Н. All the points above the IS cure show_ i. Excess supply of goods ii. Excess demand for goods iii. Excess supply of money iv. Excess demand for money As the Keynesian cross is a building block for the IS curve, the theory of the I. _is a building block for _curve. i. liquidity preference, LM ii. Liquidity preference, AD iii. Liquidity preference, AS iv. None of the above J. The LM curve is drawn for a given supply of i. Real money ii. Nominal money iii. Goods iv. Factors of production K. The fiscal policy is effective if IS curve is i. More, steeper ii. Less, steeper iii. More, flatter iv. None of the above

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter16: The Influence Of Monetary And Fiscal Policy On Aggregate Demand

Section: Chapter Questions

Problem 5PA

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3)Show and explain the effects of an increase in aggregate demand in the long-run and short-run by using AD–AScurves.2)Show and explain by using a graph, what will happen to the price level and real GDP if the quantity of moneyincreases and the increase is not anticipated; that is, the price level is not expected to change.1)By using aggregate demand (AD) and aggregate supply (AS) curves, show and explain the effects of ananticipated increase in money supply on macroeconomic equilibrium according to Rational ExpectationsHypothesis.
b.Explain the Short Run Aggregate Supply curve and the assumptions that support its shape. List the assumptions, discuss the shape of the SR AS curve and why it takes that shape. Discuss the difference in the shape of the curve at levels below full employment GDP and what you see at levels above full-employment GDP.
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