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Question 48
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- Question 52 An increase in the amount of capital that firms purchase would initially shift: Question 52 options: a) aggregate supply to the right b) aggregate demand to the right c) aggregate demand to the left d) aggregate supply to the leftWhich of the following will not shift the long run aggregate supply curve to the left A. Major natural events resulting in the destruction of economic infrastructure B. Increase in unemployment during recessions C. Decrease in the labor force participation D. ongoing political unrests and political instability.Which of the following is likely to occur if an increase in legal immigrants significantly reduces the wages of workers, Cerberus paribus? A) Aggregate supply will decrease B) Aggregate supply with increase C) Aggregate demand will increase D) Aggregate demand will decrease
- Suppose that the United States is at full employment. Explain the effect of each of the following events on aggregate supply: Union wage settlements push the money wage rate up by 10 percent. The price level increases. Potential GDP increases Suppose that the United States is at full employment. Then the federal government cuts taxes, and all other influences on aggregate demand remain the same. Explain the effect of the tax cut on aggregate demand in the short run.Suppose an aggregate supply curve shifts right and this is the only change in the economy. What will certainly NOT happen? Group of answer choices: Higher output Lower output Lower price level Aggregate demand curve remains unchanged Which of the following helps to increase employment and decrease inflation? Group of answer choices: Right shift of an aggregate supply curve Right shift of the aggregate demand curve Left shift of the aggregate demand curve Left shift of an aggregate supply curveChose one from Multiple choice. 3. Which of the following statements is true if there is an increase in aggregate demand while the economy is in equilibrium on a positively sloping short-run aggregate supply curve? a) Prices rise, national income does not change B) Prices decrease, national income does not change C) Prices go up and national income goes down. D) Prices decrease and national income decreases. E) Prices rise, national income rises
- Given the following circumstances, indicate whether or not the aggregate supply curve would shift and, if so, which way would it shift: The price of a barrel of oil doubles An advance in alternative energy technology significantly reduces its cost In order to maintain a relatively clean air quality, a carbon emissions tax is levied against firms with a carbon footprint As a result of fracking, the price of natural gas is significantly reduced Advances in technology increase the productivity of the American worker, on average, by 30%A ship gets stuck in the Suez Canal that shuts down shipping lanes. If we start in equilibrium, what happens? Aggregate demand to shift left. Short-run aggregate supply to shift right. Short-run aggregate supply to shift left. Aggregate demand to shift right.Which of the following would shift the long run aggregate supply curve to the left? Decrease in consumption Decrease in the wage rate Decrease in resources Decrease in profit. All of the following would cause a decrease in the aggregate demand except Increase in interest rates Household wealth falls Dollar depreciates relative to foreign currencies Increase in tax rates.
