Which would most likely shift the aggregate supply curve? A change in the prices of _____. domestic
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Question:
Which would most likely shift the aggregate supply curve? A change in the prices of _____.
- domestic products
- foreign products
- financial assets
- resources
A decrease in aggregate demand in the short run will reduce _____.
- both real output and the price level
- the price level and increase the real domestic output
- the real domestic output and have no effect on the price level
- the price level and have no effect on real domestic output
The economy's long-run AS curve assumes that wages and other resource prices _____.
- eventually rise and fall to match upward or downward changes in the price level
- are flexible upward but inflexible downward
- rise and fall more rapidly than the price level
- are relatively inflexible both upward and downward
A decrease in government spending will cause a(n) _____.
- increase in the quantity of real output demanded
- decrease in the quantity of real output demanded
- decrease in aggregate demand
- increase in aggregate demand
If the national incomes of our trading partners increase, then our aggregate demand _____.
- decreases because consumption decreases
- increases because consumption increases
- decreases because net exports decrease
- increases because net exports increase
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