Please answer all the questions correctly!

Question 1 (1 point) The aggregate demand curve shows the quantity of real GDP that households, firms, the government, and customers abroad want to buy at each price level. Question 2 (1 point) A decrease in the price level makes customers feel wealthier (the wealth effect), so they purchase more. This logic helps explain why the aggregate demand curve is downward sloping. Question 3 (1 point) If interest rates increase, the aggregate demand curve shifts to the right. Question 4 (1 point) If household feel more optimistic about the future economy, the aggregate demand curve shifts right. Question 5 (1 point) If the price level changes, we observe a change in aggregate demand and not aggregate quantity demanded. Question 6 (1 point) In the short run the aggregate supply curve is upward sloping. Question 7 (1 point) In the long run, the aggregate supply curve is horizontal. Question 8 (1 point) One of the factors that results in an increase in aggregate supply in the short run is a change in fiscal policy. Question 9 (1 point) One of the factors that results in a change in aggregate supply in the short run is a change in productivity Question 10 (1 point) The Great Depression was caused by a negative demand shock. Question 10 (1 point) The Great Depression was caused by a negative demand shock. Question 11 (1 point) Demand pull inflation is primarily due to an increase in aggregate demand Question 12 (1 point) In long run macro-equilibrium, the economy produces at potential GDP. Question 13 (1 point) If an economy is experiencing a recessionary gap, the self-correcting mechanism will return to the economy to long-run equilibrium