The Federal Reserve has announced that they are cutting interest rates for the third time this year. Draw the effects in the aggregate supply and demand market.
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The Federal Reserve has announced that they are cutting interest rates for the third time this year. Draw the effects in the aggregate
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- Topic: Aggregate DemandHave you ever borrowed money to buy a car, pay tuition, or for any other purpose? In what form did you receive the money? How did your loan affect the money ? Aggregate demandan increase in the price level cause the aggregate supply curve to shiftto anotherupply schedule. true or false
- A permanent supply shock _________ potential output. A temporary supply shock shifts the short-run aggregate supply schedule, and __________ potential output. changes, does not change does not change, changes does not change, does not change changes, changesChanges in what four variables will shift the long run aggregate supply curve?True or false The aggregate supply curve is vertical in the long run at the full-employment level of output
- The federal government tends to increase their spending to get the economy out of recession. Explain the expected impact on each of the components of aggregate demand due to this and the mechanism through which this operates.A sudden crash in the stock market shifts a.the aggregate demand curve. b. the short-run aggregate supply curve, but not the long-run aggregate supply curve. c. the long-run aggregate supply curve, but not the short-run aggregate supply curve. d. both the short-run and the long-run aggregate supply curves.Explain using graph the effect of each event on the long-run aggregate supply.1. Congress raises the minimum wage to £10 per hour.
- Discuss one (1) reason for the downward slopping aggregate demand curve.If the price level increases in the economy, A) The aggregate demand will fall and shift to the left. B) The total spending in the economy will fall. C) The aggregate supply will fall and shift to the left. D) The total spending in the economy will rise.