Question : 13.4   Chapter Figures The figure above shows the aggregate supply curve : 1240533

 

13.4   Chapter Figures

 

 

The figure above shows the aggregate supply curve and potential GDP.

 

1) Based on the figure above, the aggregate supply curve shifts rightward and the potential GDP line does not change when

A) the money wage rate rises.

B) the price level rises.

C) the money wage rate falls.

D) the price level falls.

E) both the price level and money wage rate rise by the same proportion.

2) If potential GDP increases, then in the figure above the potential GDP line ________, and the aggregate supply curve ________.

A) shifts rightward; does not shift

B) does not shift; shifts rightward

C) shifts rightward; shifts rightward

D) shifts rightward; shifts leftward

E) does not shift; does not shift

 

3) If the money wage rate and the price level both rise by the same proportion, then in the figure above the potential GDP line ________, and the aggregate supply curve ________.

A) shifts rightward; does not shift

B) does not shift; shifts rightward

C) shifts rightward; shifts rightward

D) shifts rightward; shifts leftward

E) does not shift; shifts leftward

The figure above shows the aggregate demand curve.

 

4) The aggregate demand curve in the figure above shifts rightward if

A) potential GDP increases.

B) the money wage rate falls.

C) taxes are hiked.

D) government expenditure decreases.

E) the expected future profit increases so that investment increases.

 

5) The aggregate demand curve in the figure above shifts rightward if

A) potential GDP increases.

B) the money wage rate falls.

C) taxes are cut.

D) government expenditure decreases.

E) the Federal Reserve raises the interest rate.

6) The aggregate demand curve in the figure above shifts rightward if

A) potential GDP increases.

B) the money wage rate falls.

C) taxes are raised.

D) government expenditure increases.

E) the Federal Reserve raises the interest rate.

 

7) The aggregate demand curve in the figure above shifts rightward if

A) potential GDP increases.

B) the money wage rate falls.

C) taxes are raised.

D) government expenditure decreases.

E) the Federal Reserve lowers the interest rate.

The figure above shows aggregate demand curves.

 

8) Based on the figure above, the aggregate demand curve will shift from AD0 to AD1 when

A) potential GDP increases.

B) the price level falls.

C) the price level rises.

D) government expenditure decreases.

E) the Federal Reserve lowers the interest rate.

 

9) Based on the figure above, the aggregate demand curve will shift from AD0 to AD2 when

A) potential GDP increases.

B) the price level falls.

C) the price level rises.

D) government expenditure decreases.

E) the Federal Reserve lowers the interest rate.

10) Based on the figure above, the aggregate demand curve will shift from AD0 to AD2 when

A) potential GDP increases.

B) the price level falls.

C) taxes are lowered.

D) government expenditure increases.

E) the Federal Reserve raises the interest rate.

 

11) Based on the figure above, the aggregate demand curve will shift from AD0 to AD2 when

A) potential GDP increases.

B) the price level falls.

C) the price level rises.

D) government expenditure decreases.

E) taxes are lowered.

 

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more