Question :
51) Changes in which of the following do NOT shift : 1240552
51) Changes in which of the following do NOT shift the AS curve?
i.the price level
ii.potential GDP
iii.the money wage rate
A) i only
B) ii only
C) iii only
D) i and ii
E) i, ii, and iii
52) A change in the price level brings a ________ the aggregate supply curve, NOT a ________ the aggregate supply curve.
A) shift in; movement along
B) vertical displacement of; change in the slope of
C) movement along; shift in
D) change in the slope of; horizontal displacement of
E) shift in; change in the slope of
53) Which of the following changes aggregate supply and shifts the AS curve?
i.a change in the price of a major resource
ii.increases in the amount of capital
iii.a change in the money income of consumers
A) i only
B) ii only
C) iii only
D) i and ii
E) i, ii, and iii
54) If the costs of production decrease, there is
A) an increase in aggregate supply and the AS curve shifts rightward.
B) a decrease in aggregate supply and the AS curve shifts leftward.
C) an increase in the quantity of real GDP supplied and a movement up along the AS curve.
D) a decrease in the quantity of real GDP supplied and a movement down along the AS curve.
E) an increase in aggregate supply and the AS curve shifts leftward.
55) If the costs of production increase, there is
A) an increase in aggregate supply and the AS curve shifts rightward.
B) a decrease in aggregate supply and the AS curve shifts leftward.
C) an increase in the quantity of real GDP supplied and a movement up along the AS curve.
D) a decrease in the quantity of real GDP supplied and a movement down along the AS curve.
E) a decrease in aggregate supply and the AS curve shifts rightward.
56) Which of the following shifts the aggregate supply curve rightward?
i.The money wage rate rises.
ii.Potential GDP increases.
iii.Government expenditure on goods and services increases.
A) i only
B) ii only
C) iii only
D) ii and iii
E) i, ii, and iii
57) Which of the following best describes the effect on the aggregate supply curve if political negotiations result in a substantial decrease in the price of oil?
A) The AS curve shifts rightward.
B) There is no change to the AS curve.
C) The AS curve does not shift but there is an upward movement along it.
D) The AS curve does not shift but there is a downward movement along it.
E) The AS curve shifts leftward.
58) The aggregate supply curve shifts rightward when
A) potential GDP decreases.
B) the money wage rate falls.
C) income taxes increase.
D) government purchases increase.
E) the money wage rate rises.
59) The aggregate supply curve shifts
A) rightward if potential GDP decreases.
B) rightward if the money wage rate falls.
C) rightward if the money wage rate rises.
D) leftward if potential GDP increases.
E) leftward if the aggregate demand curve shifts leftward.
60) A fall in the money wage rate ________ aggregate supply and ________.
A) decreases; shifts the AS curve rightward
B) increases; shifts the AS curve leftward
C) increases; shifts the AS curve rightward
D) decreases; shifts the AS curve leftward
E) does not change; does not shift the AS curve
